Indonesia’s Group III base oils exports rebounded to a thirteen-month high in August following a sustained slowdown in shipments over the past year.Exports of 28,000t in August rose from 9,000t the previous month, government data showed.Exports had averaged less than 15,000 t/month over the previous year to July.The volume fell from average levels of more than 26,000 t/month in the first seven months of 2022.The rise in shipments in August could reflect a change in the loading-timing of some cargoes, with some July shipments loading in August instead.Any further rise in shipments in September would suggest a more sustained pick-up in Indonesia’s Group III base oils supply.Exports to the Netherlands rebounded to 18,000t in August, following an unusual pause in flows the previous month.Exports to South Korea rose to 10,000t in August, from 9,000t the previous month..Europe's Grp III imports from Mideast Gulf rise
Indonesia’s Group III base oils exports rebounded to a thirteen-month high in August following a sustained slowdown in shipments over the past year.Exports of 28,000t in August rose from 9,000t the previous month, government data showed.Exports had averaged less than 15,000 t/month over the previous year to July.The volume fell from average levels of more than 26,000 t/month in the first seven months of 2022.The rise in shipments in August could reflect a change in the loading-timing of some cargoes, with some July shipments loading in August instead.Any further rise in shipments in September would suggest a more sustained pick-up in Indonesia’s Group III base oils supply.Exports to the Netherlands rebounded to 18,000t in August, following an unusual pause in flows the previous month.Exports to South Korea rose to 10,000t in August, from 9,000t the previous month..Europe's Grp III imports from Mideast Gulf rise
