Singapore’s weekly base oils exports fell to their second-lowest level in more than a year despite the lack of scheduled plant maintenance work.Exports fell to less than 9,000t in the week to August 9, government data showed. The volume fell from close to 35,000t the previous week to the lowest since early July.Exports rebounded in the second week of July, suggesting logistical factors were behind the fall in shipments at the beginning of July.Any rebound in base oils exports over the coming week would point to a similar scenario this time.The absence of any such rebound would point to other factors behind the drop in exports.The fall in shipments coincided with a slump in regional base oils prices versus crude and diesel, and a seasonal slowdown in demand in the key markets of China and India.Exports of less than 9,000t to India over the last four week were the lowest in more than two months.Exports of around 15,500t to China over the last four weeks were the lowest in more than a year..Spore’s exports rise in week to Aug 2
Singapore’s weekly base oils exports fell to their second-lowest level in more than a year despite the lack of scheduled plant maintenance work.Exports fell to less than 9,000t in the week to August 9, government data showed. The volume fell from close to 35,000t the previous week to the lowest since early July.Exports rebounded in the second week of July, suggesting logistical factors were behind the fall in shipments at the beginning of July.Any rebound in base oils exports over the coming week would point to a similar scenario this time.The absence of any such rebound would point to other factors behind the drop in exports.The fall in shipments coincided with a slump in regional base oils prices versus crude and diesel, and a seasonal slowdown in demand in the key markets of China and India.Exports of less than 9,000t to India over the last four week were the lowest in more than two months.Exports of around 15,500t to China over the last four weeks were the lowest in more than a year..Spore’s exports rise in week to Aug 2
