Taiwan’s base oils exports to China fell to a four-month low in May even as its total shipment volume rose.Exports of 15,320t to China in May fell from 19,810t the previous month, government data showed.The drop in shipments cut exports to China to an average of 17,560 t/month so far in the second quarter of the year. The volume was down from 26,000 t/month in the first quarter.The drop in shipments also cut the share of Taiwan’s China-bound exports to 41pc of the total, down from 62pc in April.The slowdown in exports coincided with a pick-up in China’s domestic base oils output and with increasingly low domestic base oil prices relative to Asia’s cargo prices.The trend made increasingly unattractive the arbitrage to move shipments to China..Taiwan’s May base oils exports rise.Contact us for more information about the data for these stories
Taiwan’s base oils exports to China fell to a four-month low in May even as its total shipment volume rose.Exports of 15,320t to China in May fell from 19,810t the previous month, government data showed.The drop in shipments cut exports to China to an average of 17,560 t/month so far in the second quarter of the year. The volume was down from 26,000 t/month in the first quarter.The drop in shipments also cut the share of Taiwan’s China-bound exports to 41pc of the total, down from 62pc in April.The slowdown in exports coincided with a pick-up in China’s domestic base oils output and with increasingly low domestic base oil prices relative to Asia’s cargo prices.The trend made increasingly unattractive the arbitrage to move shipments to China..Taiwan’s May base oils exports rise.Contact us for more information about the data for these stories
