Singapore’s base oils exports rebounded over the past week amid a surge in shipments to China.There was no corresponding recovery in supplies from China to Singapore.The trend could point to firmer demand in China that boosted requirements for overseas supplies and cut domestic volumes available for export.Singapore’s base oils exports rose to more than 50,000t in the week to January 10, government data showed.The island-state’s exports rebounded from unusually low volumes during the previous two weeks, suggesting the slowdown reflected more a seasonal dip in shipments at year-end.Exports to China surged, boosting total shipments to the country to more than 45,000t over the last four weeks.The four-week volume was the highest since the first quarter of last year and followed a sharp slowdown in flows in December.The rise in exports to China could reflect seasonal factors amid moves to speed up shipments to the country so that they arrive before the lunar new year holidays that begin in early February.China’s base oils demand typically rebounds during the weeks after the lunar new year holidays, which will last until late February.Singapore imported barely any base oils from China over the past week.The slump in imports since early December contrasted with a high volume of shipments from China to Singapore throughout most of last year..Spore’s exports fall in week to Jan 3.Spore’s exports fall in week to Jan 3.Spore’s exports fall in week to Dec 20
Singapore’s base oils exports rebounded over the past week amid a surge in shipments to China.There was no corresponding recovery in supplies from China to Singapore.The trend could point to firmer demand in China that boosted requirements for overseas supplies and cut domestic volumes available for export.Singapore’s base oils exports rose to more than 50,000t in the week to January 10, government data showed.The island-state’s exports rebounded from unusually low volumes during the previous two weeks, suggesting the slowdown reflected more a seasonal dip in shipments at year-end.Exports to China surged, boosting total shipments to the country to more than 45,000t over the last four weeks.The four-week volume was the highest since the first quarter of last year and followed a sharp slowdown in flows in December.The rise in exports to China could reflect seasonal factors amid moves to speed up shipments to the country so that they arrive before the lunar new year holidays that begin in early February.China’s base oils demand typically rebounds during the weeks after the lunar new year holidays, which will last until late February.Singapore imported barely any base oils from China over the past week.The slump in imports since early December contrasted with a high volume of shipments from China to Singapore throughout most of last year..Spore’s exports fall in week to Jan 3.Spore’s exports fall in week to Jan 3.Spore’s exports fall in week to Dec 20
