India’s base oils supply lagged demand in September for a second month, leaving blenders to tap existing stocks to cover requirements.Base oils supply, or domestic production and imports combined, fell below 375,000t in September, government and customs data showed.The volume edged down slightly from August and from more than 400,000 t/month in the five months to July.Base oils and lube demand, or domestic consumption and exports combined, held at close to 380,000t for a second month in September.The small shortfall of supply versus demand in August and September contrasted with a supply surplus in the four months to July.Supplies got a boost during that period as a wave of arbitrage shipments from the US boosted India’s base oils imports. Those arbitrage flows slowed down during the third quarter of the year..India’s Sept base oils supply falls.India’s September lube demand rises.Base Oil News stories and analysis also available on ICIS platform
