India’s Group II base oils imports fell to a four-month low in May mostly because of a slump in shipments of heavy-grade supplies from Asia.Group II base oils imports of less than 75,000t in May fell from close to 93,000t the previous month, provisional customs data showed.Imports of heavy grades of around 28,000t fell from close to 45,000t in April to a five-month low.Imports fell because of a drop in shipments from South Korea and an even steeper fall in supplies from Singapore.Imports of Group II light grades were steadier at around 36,000t in May, from more than 38,000t the previous month.A rise in imports of light grades from South Korea and Saudi Arabia was insufficient to balance out a slide in shipments from Singapore..India’s May base oil imports hold steady.Contact us for more information about the data for these stories.Base Oil News stories and analysis also available on ICIS platform
