India’s very-light grade base oils imports rose to a six-month high in April as buyers locked in supplies at prices that they deemed had bottomed out.Lower crude and diesel prices over the past month raised the prospect of very-light grade prices falling back to or below those earlier levels.Imports of more than 144,000t of very-light grade base oils in April rose from around 110,000t in each of the previous two months, provisional customs data showed.The rise in shipments from March accounted for most of India’s higher total base oils imports in April.Imports got a boost from a rise in shipments from South Korea to a one-year high. Imports from Qatar rose to a nine-month high..India’s April base oils imports rise.Contact us for more information about the data for these stories
India’s very-light grade base oils imports rose to a six-month high in April as buyers locked in supplies at prices that they deemed had bottomed out.Lower crude and diesel prices over the past month raised the prospect of very-light grade prices falling back to or below those earlier levels.Imports of more than 144,000t of very-light grade base oils in April rose from around 110,000t in each of the previous two months, provisional customs data showed.The rise in shipments from March accounted for most of India’s higher total base oils imports in April.Imports got a boost from a rise in shipments from South Korea to a one-year high. Imports from Qatar rose to a nine-month high..India’s April base oils imports rise.Contact us for more information about the data for these stories
