Singapore’s base oils imports fell to a nine-month low in June following a surge in shipments of Group III supplies the previous month.Total imports of 52,580t in June fell from a fourteen-month high of 81,000t in May, government data showed.The slowdown mostly reflected a dip in supplies from markets that supply Group III base oils, such as Qatar, Bahrain and Malaysia.Imports from those markets fell to around 9,100t in June, from almost 33,000t the previous month.The firmer volumes throughout the second quarter of the year lifted total imports of Group III base oils to at least 49,000t during that period.The volume was up from around 14,400t during the first three months of the year. That volume had been the lowest quarterly level since second-half 2020..Singapore’s June base oils exports rise
Singapore’s base oils imports fell to a nine-month low in June following a surge in shipments of Group III supplies the previous month.Total imports of 52,580t in June fell from a fourteen-month high of 81,000t in May, government data showed.The slowdown mostly reflected a dip in supplies from markets that supply Group III base oils, such as Qatar, Bahrain and Malaysia.Imports from those markets fell to around 9,100t in June, from almost 33,000t the previous month.The firmer volumes throughout the second quarter of the year lifted total imports of Group III base oils to at least 49,000t during that period.The volume was up from around 14,400t during the first three months of the year. That volume had been the lowest quarterly level since second-half 2020..Singapore’s June base oils exports rise