India’s base oils imports held steady at lower levels in September as a pick-up in shipments from South Korea partially countered a slowdown in supplies from the US.Total imports of close to 280,000t in September rose from around 273,000t the previous month, provisional customs data showed.Imports rose for a fourth month from year-earlier levels, partly because of the low base level from the third quarter of last year.The volume remained down from average levels of around 310,000 t/month in the four months to July.The lower volumes reflected slowing arbitrage flows from the US and a still-muted recovery in shipments from South Korea.Imports from South Korea recovered to more than 105,000t in September after falling to a four-year low of close to 80,000t in August.Shipments from the US extended their fall to less than 15,000t in September, from more than 23,000t in August and more than 55,000t in July.Imports of Group I base oils from Thailand stayed unusually high for a fourth month.Supplies of less than 2,000t from China in September were the lowest since mid-2022..India’s September lube demand rises
India’s base oils imports held steady at lower levels in September as a pick-up in shipments from South Korea partially countered a slowdown in supplies from the US.Total imports of close to 280,000t in September rose from around 273,000t the previous month, provisional customs data showed.Imports rose for a fourth month from year-earlier levels, partly because of the low base level from the third quarter of last year.The volume remained down from average levels of around 310,000 t/month in the four months to July.The lower volumes reflected slowing arbitrage flows from the US and a still-muted recovery in shipments from South Korea.Imports from South Korea recovered to more than 105,000t in September after falling to a four-year low of close to 80,000t in August.Shipments from the US extended their fall to less than 15,000t in September, from more than 23,000t in August and more than 55,000t in July.Imports of Group I base oils from Thailand stayed unusually high for a fourth month.Supplies of less than 2,000t from China in September were the lowest since mid-2022..India’s September lube demand rises
