India’s Group III base oils imports fell to an eleven-month low in August because of a sustained slump in shipments of 8cst base oils.Total imports of 4cst and 8cst base oils combined fell to less than 14,000t in August, from more than 16,500t the previous month, provisional customs data showed.The volume fell by more than 55pc and for a thirteenth month from year-earlier levels.The slowdown cut total shipments to less than 175,000t in the first eight months of the year, down from more than 245,000t during the same period last year.Imports fell because of the slump in shipments of 8cst base oils to India.Imports of the product fell by 80pc in August and by almost 60pc in the first eight months of the year.Imports of 4cst base oils rose in the first eight months of the year even as they edged down by 6pc in August.The trend boosted the share of 4cst base oils to more than 61pc of total imports so far this year. Imports of 8cst by contrast had accounted for some 63pc of the total last year.. India’s August base oils imports fall
India’s Group III base oils imports fell to an eleven-month low in August because of a sustained slump in shipments of 8cst base oils.Total imports of 4cst and 8cst base oils combined fell to less than 14,000t in August, from more than 16,500t the previous month, provisional customs data showed.The volume fell by more than 55pc and for a thirteenth month from year-earlier levels.The slowdown cut total shipments to less than 175,000t in the first eight months of the year, down from more than 245,000t during the same period last year.Imports fell because of the slump in shipments of 8cst base oils to India.Imports of the product fell by 80pc in August and by almost 60pc in the first eight months of the year.Imports of 4cst base oils rose in the first eight months of the year even as they edged down by 6pc in August.The trend boosted the share of 4cst base oils to more than 61pc of total imports so far this year. Imports of 8cst by contrast had accounted for some 63pc of the total last year.. India’s August base oils imports fall
