Singapore’s base oils exports rose to more typical levels in October amid a pick-up in shipments to China.Total exports of 168,100t in October rose from less than 153,000t the previous month, government data showed.The volume exceeded average levels of around 161,000 t/month over the past year. It stayed in a 150,000-170,000t range that monthly exports mostly held in since the start of the year.Singapore’s shipments to China were similarly rangebound throughout most of the year.Exports of 38,400t to China in October recovered from less than 20,000t the previous month and were close to average levels of 37,600 t/month over the past year.The average volumes were similar to shipments of around 37,000 t/month in 2022, when widespread lockdowns in China slashed base oils and lubricants demand.The volume was down from average levels of around 47,000 t/month in 2021..Spore’s exports rise in week to Nov 15.Singapore’s Sept base oils exports fall
Singapore’s base oils exports rose to more typical levels in October amid a pick-up in shipments to China.Total exports of 168,100t in October rose from less than 153,000t the previous month, government data showed.The volume exceeded average levels of around 161,000 t/month over the past year. It stayed in a 150,000-170,000t range that monthly exports mostly held in since the start of the year.Singapore’s shipments to China were similarly rangebound throughout most of the year.Exports of 38,400t to China in October recovered from less than 20,000t the previous month and were close to average levels of 37,600 t/month over the past year.The average volumes were similar to shipments of around 37,000 t/month in 2022, when widespread lockdowns in China slashed base oils and lubricants demand.The volume was down from average levels of around 47,000 t/month in 2021..Spore’s exports rise in week to Nov 15.Singapore’s Sept base oils exports fall