India’s base oils imports rose to a nine-month high in April as a wave of arbitrage shipments reached the country.Base oils imports of more than 300,000t in April rose from less than 255,000t the previous month, provisional customs data showed.Imports had fallen to less than 250,000 t/month in the eight months to March amid a slowdown in supplies from South Korea and a pause in arbitrage flows from markets like the US.Those trends reversed in April as a swathe of shipments from the US began to reach the country.Imports got a further boost from the arrival of an unusually large volume of supplies from Italy..India’s April lube demand falls.Contact us for more information about the data for these stories
India’s base oils imports rose to a nine-month high in April as a wave of arbitrage shipments reached the country.Base oils imports of more than 300,000t in April rose from less than 255,000t the previous month, provisional customs data showed.Imports had fallen to less than 250,000 t/month in the eight months to March amid a slowdown in supplies from South Korea and a pause in arbitrage flows from markets like the US.Those trends reversed in April as a swathe of shipments from the US began to reach the country.Imports got a further boost from the arrival of an unusually large volume of supplies from Italy..India’s April lube demand falls.Contact us for more information about the data for these stories
