Indonesia’s Group III base oils exports stayed lower than usual in May for a tenth month, pointing to a structural change in supplies.Total exports of 14,000t in May fell from 19,120t the previous month, government data showed.The volume was slightly lower than typical shipments of less than 15,000 t/month over the previous nine months.The volume was much lower than typical shipments of almost 27,000 t/month in the year to June 2022.Exports of 6,000t to the Netherlands in May fell from 9,500t the previous month.Shipments to South Korea fell to 5,700t in May, down from 7,300t the previous month.Exports to the northeast Asian country had averaged more than 14,000 t/month in the first seven months of last year and more than 19,000 t/month in 2021.A large portion of the shipments bound for South Korea move on to the US. .S Korea’s May exports to Europe fall
Indonesia’s Group III base oils exports stayed lower than usual in May for a tenth month, pointing to a structural change in supplies.Total exports of 14,000t in May fell from 19,120t the previous month, government data showed.The volume was slightly lower than typical shipments of less than 15,000 t/month over the previous nine months.The volume was much lower than typical shipments of almost 27,000 t/month in the year to June 2022.Exports of 6,000t to the Netherlands in May fell from 9,500t the previous month.Shipments to South Korea fell to 5,700t in May, down from 7,300t the previous month.Exports to the northeast Asian country had averaged more than 14,000 t/month in the first seven months of last year and more than 19,000 t/month in 2021.A large portion of the shipments bound for South Korea move on to the US. .S Korea’s May exports to Europe fall