Singapore’s base oils exports rose over the past week, lifting shipments for August to the highest monthly level since March.Base oils exports rose to more than 45,000t in the week to Aug 30 and to more than 184,000t over the past four weeks.A monthly volume around that level would be the highest since March and the second-highest in sixteen months.Exports to southeast Asia accounted for most of the volume over the past week, extending a recent trend of rising shipments to the region.Base oils exports to China recovered over the past week, boosting shipments over the past four weeks to levels that were higher than in July.They remained well below typical monthly levels in first-half 2023.Exports to India stayed relatively steady over the past four weeks compared with July levels..Singapore’s July base oils exports fall.Base Oil News stories and analysis also available on ICIS platform
