Indonesia’s base oils imports edged up in July as a sustained surge in shipments from Singapore countered a slump in supplies from South Korea.Base oils imports of 45,600t in July rose from around 41,000t the previous month, government data showed. The volume slipped by 2pc from year-earlier levels.Total imports of 297,900t in the first seven months of the year edged up from 287,000t during the same period last year. They remained well above shipments of 221,000t during the same period in 2021.The more muted pace of the rise in shipments mirrored Indonesia’s slower economic growth this year compared with last year.This year’s steady imports masked a surge in shipments from Singapore to 209,000t in the first seven months of the year. The volume was up 34pc from 155,350t during the same period last year.The rise in supplies more than outweighed a fall in imports from South Korea to less than 59,000t in the first seven months of the year.The volume was down from close to 89,000t during the same period last year..Vietnam’s July base oils imports steady
Indonesia’s base oils imports edged up in July as a sustained surge in shipments from Singapore countered a slump in supplies from South Korea.Base oils imports of 45,600t in July rose from around 41,000t the previous month, government data showed. The volume slipped by 2pc from year-earlier levels.Total imports of 297,900t in the first seven months of the year edged up from 287,000t during the same period last year. They remained well above shipments of 221,000t during the same period in 2021.The more muted pace of the rise in shipments mirrored Indonesia’s slower economic growth this year compared with last year.This year’s steady imports masked a surge in shipments from Singapore to 209,000t in the first seven months of the year. The volume was up 34pc from 155,350t during the same period last year.The rise in supplies more than outweighed a fall in imports from South Korea to less than 59,000t in the first seven months of the year.The volume was down from close to 89,000t during the same period last year..Vietnam’s July base oils imports steady