Singapore’s base oils exports rose to a five-month high in August, adding to a pick-up in supply in the Asia-Pacific region.Exports of 203,670t in August rose from 153,060t the previous month and by 23pc from year-earlier levels, government data showed.The rise in shipments lifted total exports to 1.37mn t in the first eight months of the year, up from 1.33mn t during the same period last year.Base oils exports exceeded the 200,000 t/month level in August for just the second time since the beginning of 2020.Exports averaged around 156,000 t/month since then, down from more than 260,000 t/month in the two years to 2020.The rise in shipments from Singapore coincided with a recovery in exports from South Korea and a surge in shipments from Taiwan in August..Spore’s exports rise in week to Sep 13
Singapore’s base oils exports rose to a five-month high in August, adding to a pick-up in supply in the Asia-Pacific region.Exports of 203,670t in August rose from 153,060t the previous month and by 23pc from year-earlier levels, government data showed.The rise in shipments lifted total exports to 1.37mn t in the first eight months of the year, up from 1.33mn t during the same period last year.Base oils exports exceeded the 200,000 t/month level in August for just the second time since the beginning of 2020.Exports averaged around 156,000 t/month since then, down from more than 260,000 t/month in the two years to 2020.The rise in shipments from Singapore coincided with a recovery in exports from South Korea and a surge in shipments from Taiwan in August..Spore’s exports rise in week to Sep 13
