Indonesia’s base oils imports rose close to a fourteen-month high in May amid a surge in shipments from Singapore.Imports of 51,200t in May rebounded from 29,490t the previous month and by 57pc from year-earlier levels, government data showed.The jump in shipments lifted total imports to 211,180t in the first five months of the year, up 6pc from an already-high 200,120t during the same period last year.Base oils imports extended their rise even amid a slowdown in economic growth in southeast Asia in recent months.Imports of 35,610t from Singapore in May were the second-highest in more than four years.Imports rose even amid scheduled plant maintenance work in the island-state during the second quarter of the year. .Philippines May base oil/lube imports rise
Indonesia’s base oils imports rose close to a fourteen-month high in May amid a surge in shipments from Singapore.Imports of 51,200t in May rebounded from 29,490t the previous month and by 57pc from year-earlier levels, government data showed.The jump in shipments lifted total imports to 211,180t in the first five months of the year, up 6pc from an already-high 200,120t during the same period last year.Base oils imports extended their rise even amid a slowdown in economic growth in southeast Asia in recent months.Imports of 35,610t from Singapore in May were the second-highest in more than four years.Imports rose even amid scheduled plant maintenance work in the island-state during the second quarter of the year. .Philippines May base oil/lube imports rise
