Singapore’s base oils exports to China rose to a five-month high in August ahead of an expected seasonal pick-up in demand at the end of the third quarter.Exports of 43,100t to China in August more than doubled from less than 21,000t the previous month, government data showed.The July volume was the lowest in more than six years and coincided with a seasonal dip in demand in China during the summer months.The August volume exceeded average exports of more than 38,000 t/month in the year to June.The pick-up in shipments preceded a typical revival in China’s domestic demand from second-half September.The strength of that pick-up in demand showed signs of staying lower than usual..Singapore’s Aug base oils exports rise
Singapore’s base oils exports to China rose to a five-month high in August ahead of an expected seasonal pick-up in demand at the end of the third quarter.Exports of 43,100t to China in August more than doubled from less than 21,000t the previous month, government data showed.The July volume was the lowest in more than six years and coincided with a seasonal dip in demand in China during the summer months.The August volume exceeded average exports of more than 38,000 t/month in the year to June.The pick-up in shipments preceded a typical revival in China’s domestic demand from second-half September.The strength of that pick-up in demand showed signs of staying lower than usual..Singapore’s Aug base oils exports rise
