Singapore’s base oils imports rose to a fourteen-month high in May on the back of a surge in shipments from Qatar and Hong Kong.Imports of 81,000t in May rose from 57,670t the previous month and by 13pc from year-earlier levels, government data showed.Shipments got a boost from a rise in shipments from Qatar and Hong Kong combined to more than 31,000t. The volume was the highest in more than six years.Qatar is home to a gas-to-liquids (GTL) Group III+ base oils unit. Hong Kong is a key distribution point for GTL base oils from Qatar.Global Group III base oils supply-demand fundamentals eased in recent months amid slower consumption in the US and improving availability in Europe.Imports of more than 8,800t from Taiwan in May were also the highest in more than six years.The rise in shipments contrasted with a dip in base oils imports from China to a one-year low of less than 1,700t..Spore’s May base oils exports edge up.Contact us for more information about the data for these stories
Singapore’s base oils imports rose to a fourteen-month high in May on the back of a surge in shipments from Qatar and Hong Kong.Imports of 81,000t in May rose from 57,670t the previous month and by 13pc from year-earlier levels, government data showed.Shipments got a boost from a rise in shipments from Qatar and Hong Kong combined to more than 31,000t. The volume was the highest in more than six years.Qatar is home to a gas-to-liquids (GTL) Group III+ base oils unit. Hong Kong is a key distribution point for GTL base oils from Qatar.Global Group III base oils supply-demand fundamentals eased in recent months amid slower consumption in the US and improving availability in Europe.Imports of more than 8,800t from Taiwan in May were also the highest in more than six years.The rise in shipments contrasted with a dip in base oils imports from China to a one-year low of less than 1,700t..Spore’s May base oils exports edge up.Contact us for more information about the data for these stories
