India’s Group II base oils imports rose to the highest in more than two years in July, boosted by a wave of a mid-viscosity-grade shipments from the US.Total Group II base oils imports of more than 110,000t in July rose from an already-high 96,000t in June, provisional customs data showed.The volume was up from typical levels of less than 85,000 t/month over the past year.Imports rose on the back of a surge in shipments of light-grade base oils from the US to a seventeen-month high.Imports of mid-viscosity grades from the US also held above the 10,000t level for a third month. The last time they exceeded that level was in April 2022.Imports of light-grade base oils from Asia also rose in July, climbing to a twelve-month high.Total imports of heavy-grade base oils were more rangebound in July even as they edged up from the previous month..India’s July base oils imports rise
India’s Group II base oils imports rose to the highest in more than two years in July, boosted by a wave of a mid-viscosity-grade shipments from the US.Total Group II base oils imports of more than 110,000t in July rose from an already-high 96,000t in June, provisional customs data showed.The volume was up from typical levels of less than 85,000 t/month over the past year.Imports rose on the back of a surge in shipments of light-grade base oils from the US to a seventeen-month high.Imports of mid-viscosity grades from the US also held above the 10,000t level for a third month. The last time they exceeded that level was in April 2022.Imports of light-grade base oils from Asia also rose in July, climbing to a twelve-month high.Total imports of heavy-grade base oils were more rangebound in July even as they edged up from the previous month..India’s July base oils imports rise
