Singapore’s base oils imports fell to a six-month low in April even with a rebound in supplies from Japan.Base oils imports of 57,670t in April fell by 11pc from year-earlier levels and from 58,470t the previous month, government data showed.The volume fell from typical levels of more than 65,000 t/month over the previous six months to the lowest since last October.The drop in shipments coincided with a slowdown in regional lube demand after a seasonal surge in consumption at the end of the first quarter.It also coincided with scheduled plant maintenance in Singapore during the second quarter.Imports would have been even lower but for a rebound in shipments from Japan to more than 28,000t in April.The volume rose from close to 16,000t the previous month to the highest since May 2022..Japan’s March base oils exports rise.Contact us for more information about the data for these stories
Singapore’s base oils imports fell to a six-month low in April even with a rebound in supplies from Japan.Base oils imports of 57,670t in April fell by 11pc from year-earlier levels and from 58,470t the previous month, government data showed.The volume fell from typical levels of more than 65,000 t/month over the previous six months to the lowest since last October.The drop in shipments coincided with a slowdown in regional lube demand after a seasonal surge in consumption at the end of the first quarter.It also coincided with scheduled plant maintenance in Singapore during the second quarter.Imports would have been even lower but for a rebound in shipments from Japan to more than 28,000t in April.The volume rose from close to 16,000t the previous month to the highest since May 2022..Japan’s March base oils exports rise.Contact us for more information about the data for these stories
