India’s Group III base oils imports rose to a nine-month high in May even as the country’s total imports fell.Imports rose on the back of a surge in shipments of Group III 4cst supplies to the highest in more than two years.Imports of Group III 4cst and 8cst combined rose to more than 29,000t in May, provisional customs data showed. The volume rose from less than 26,000t in April but fell for a tenth month from year-earlier levels.Imports slowed mostly because of a sustained fall in shipments of 8cst base oils.Imports of 4cst base oils by contrast rose in May for the third time in four months to more than 19,500t.The rise in shipments lifted total imports of 4cst base oils to 69,350t in the first five months of the year. The volume was up 26pc from 54,990t during the same period last year..India’s May base oil imports hold steady.Contact us for more information about the data for these stories
