Taiwan’s base oils exports fell to a six-month low in June amid a dip in shipments of light-grade supplies and weaker regional demand.Total exports of 28,410t in June fell from 38,280t the previous month, government data showed.The drop in supplies cut Taiwan’s total base oils exports to 98,810t in the second quarter of the year, down 32pc from 144,950t during the first three months of the year.Shipments fell to the lowest since December and from typical levels of more than 40,000 t/month in the first five months of the year.Exports fell even amid firm regional Group II base oils prices relative to crude and diesel.But outright base oils prices in the region faced growing downward pressure during the second quarter because of weaker-than-expected demand in China.Supply was also readily available in other key outlets like India. Light and heavy-grade Group II supplies each accounted for about half of Taiwan's June export volume. Light-grade base oils had accounted for a larger share of Taiwan’s May exports..Asia’s May base oil exports rise.Contact us for more information about the data for these stories
Taiwan’s base oils exports fell to a six-month low in June amid a dip in shipments of light-grade supplies and weaker regional demand.Total exports of 28,410t in June fell from 38,280t the previous month, government data showed.The drop in supplies cut Taiwan’s total base oils exports to 98,810t in the second quarter of the year, down 32pc from 144,950t during the first three months of the year.Shipments fell to the lowest since December and from typical levels of more than 40,000 t/month in the first five months of the year.Exports fell even amid firm regional Group II base oils prices relative to crude and diesel.But outright base oils prices in the region faced growing downward pressure during the second quarter because of weaker-than-expected demand in China.Supply was also readily available in other key outlets like India. Light and heavy-grade Group II supplies each accounted for about half of Taiwan's June export volume. Light-grade base oils had accounted for a larger share of Taiwan’s May exports..Asia’s May base oil exports rise.Contact us for more information about the data for these stories
