Singapore’s base oils exports to China and India fell to multi-month lows in July amid a seasonal dip in demand in both markets.Base oils exports of 20,650t to China in July fell from more than 32,000t in June and by 13pc from year-earlier levels, government data showed.The volume was the lowest in more than five years amid a steeper-than-usual fall in Chinese base oils demand during the summer months.Exports of 22,290t to India in July fell from more than 26,000t the previous month.A seasonal slowdown in lube demand and a swathe of arbitrage shipments from other markets curbed India’s demand for supplies from more regular sources.Singapore’s base oils exports of almost 43,000t in July to China and India combined were the lowest in nine months.Singapore’s exports to both countries showed signs of improving in August even as they remained lower than usual. .Singapore’s July base oils exports fall
Singapore’s base oils exports to China and India fell to multi-month lows in July amid a seasonal dip in demand in both markets.Base oils exports of 20,650t to China in July fell from more than 32,000t in June and by 13pc from year-earlier levels, government data showed.The volume was the lowest in more than five years amid a steeper-than-usual fall in Chinese base oils demand during the summer months.Exports of 22,290t to India in July fell from more than 26,000t the previous month.A seasonal slowdown in lube demand and a swathe of arbitrage shipments from other markets curbed India’s demand for supplies from more regular sources.Singapore’s base oils exports of almost 43,000t in July to China and India combined were the lowest in nine months.Singapore’s exports to both countries showed signs of improving in August even as they remained lower than usual. .Singapore’s July base oils exports fall
