Indonesia’s Group I base oils exports stayed low in June as healthy regional availability and weak prices cut the attraction of overseas shipments.There were no shipments to China for the third time in four months.Total shipments of little more than 2,000t in June were similar to export volumes every month since February, government data showed.The low volumes cut total exports to 16,270t in first-half 2023, down from 38,000t during the same period last year.Almost 7,000t of Indonesia's base oils exports moved to China in first-half 2022. The volume fell to close to 300t during the same period this year.Most of this year's shipments instead stayed in southeast Asia. A steady flow of supplies also moved to Latin American markets like Brazil and Costa Rica.Almost all of this year’s exports consisted of shipments in flexibags.The most recent cargo shipment was in January..Indonesia’s June Grp III exports stay low
Indonesia’s Group I base oils exports stayed low in June as healthy regional availability and weak prices cut the attraction of overseas shipments.There were no shipments to China for the third time in four months.Total shipments of little more than 2,000t in June were similar to export volumes every month since February, government data showed.The low volumes cut total exports to 16,270t in first-half 2023, down from 38,000t during the same period last year.Almost 7,000t of Indonesia's base oils exports moved to China in first-half 2022. The volume fell to close to 300t during the same period this year.Most of this year's shipments instead stayed in southeast Asia. A steady flow of supplies also moved to Latin American markets like Brazil and Costa Rica.Almost all of this year’s exports consisted of shipments in flexibags.The most recent cargo shipment was in January..Indonesia’s June Grp III exports stay low
