Southeast Asia’s largest markets saw base oils imports fall in July, curbing the region’s role as a counterbalance against any further slowdown in Chinese demand.Thailand, Indonesia and Vietnam saw combined imports fall to around 84,200t in July, government and customs data showed.The volume fell from more than 91,000t the previous month and by 13pc from year-earlier levels.The slowdown added to a dip in total imports to 588,000t in the first seven months of the year, down from more than 620,000t during the same period last year.The fall in supplies mirrored a fall in Asia-Pacific refiners’ base oils exports to all of southeast Asia.Exports of around 177,000t to the region in July fell from close to 196,000t the previous month and by 15pc from year-earlier levels.The year-on-year contraction was the fifth in six months..Spore’s July exports to SE Asia stay high
Southeast Asia’s largest markets saw base oils imports fall in July, curbing the region’s role as a counterbalance against any further slowdown in Chinese demand.Thailand, Indonesia and Vietnam saw combined imports fall to around 84,200t in July, government and customs data showed.The volume fell from more than 91,000t the previous month and by 13pc from year-earlier levels.The slowdown added to a dip in total imports to 588,000t in the first seven months of the year, down from more than 620,000t during the same period last year.The fall in supplies mirrored a fall in Asia-Pacific refiners’ base oils exports to all of southeast Asia.Exports of around 177,000t to the region in July fell from close to 196,000t the previous month and by 15pc from year-earlier levels.The year-on-year contraction was the fifth in six months..Spore’s July exports to SE Asia stay high
