India’s base oils imports rose to a fourteen-month high in July, boosted by the arrival of a wave of arbitrage shipments from the US.Total imports of more than 330,000t in July rose from around 310,000t the previous month, provisional customs data showed.Imports rose closer to or above the 300,000 t/month level since April, up from typical levels of less than 250,000 t/month in the eight months to March.Imports got a boost from the second quarter of the year from the arrival of a growing flow of arbitrage shipments, especially from the US.Imports of more than 50,000t from the US in July were the highest since the beginning of 2021.Imports of more than 9,000t from Thailand in July fell from almost 12,000t in June.Before June, total base oils imports from Thailand came to less than 9,000t combined in the seventeen months from the beginning of 2022..Spore’s June exports fall to China, rise to India .Base Oil News stories and analysis also available on ICIS platform
