Singapore’s base oils exports to southeast Asia fell to an eighteen-month low in April, balancing out a seasonal slowdown in demand.Exports of 48,470t to the region in April fell from more than 65,000t in March, government data showed.The volume was the lowest since October 2021.A sustained rise in exports to southeast Asia in 2022 had helped to cushion the impact of a slump in base oils demand in China.China’s demand is firmer this year, even if weaker than expected.The slowdown in shipments to southeast Asia in April is also likely to be temporary.Exports to Indonesia fell to an eleven-month low of less than 23,000t.Exports of less than 8,000t to Malaysia in April were the lowest since mid-2020..Singapore’s April base oils exports fall
Singapore’s base oils exports to southeast Asia fell to an eighteen-month low in April, balancing out a seasonal slowdown in demand.Exports of 48,470t to the region in April fell from more than 65,000t in March, government data showed.The volume was the lowest since October 2021.A sustained rise in exports to southeast Asia in 2022 had helped to cushion the impact of a slump in base oils demand in China.China’s demand is firmer this year, even if weaker than expected.The slowdown in shipments to southeast Asia in April is also likely to be temporary.Exports to Indonesia fell to an eleven-month low of less than 23,000t.Exports of less than 8,000t to Malaysia in April were the lowest since mid-2020..Singapore’s April base oils exports fall
