Singapore’s base oils exports stayed lower than usual over the past week even as they rose from the previous week.The sustained slowdown in shipments since second-half October cut total exports over the past four weeks to a three-month low.Base oils exports came to close to 34,000t in the week to November 8, government data showed. The volume rose from less than 15,000t the previous week and less than 25,000t the week before that.Weekly base oils exports averaged close to 39,000t so far this year.Base oils exports of around 128,000t over the past four weeks compared with typical monthly export volumes of more than 170,000t so far this year.The slowdown in shipments to India over the last four weeks was especially steep. Total exports of less than 10,000t to the country were the lowest since the beginning of August.Four-week exports to China and southeast Asia were also lower, although the drop was less steep.Singapore’s base oils imports of around 45,000t over the last four weeks were the lowest since second-half July.Imports of less than 8,000t from Japan over the last four weeks were the lowest since the beginning of 2022..Spore’s exports fall in week to Nov 1.Spore’s exports fall in week to Oct 25
Singapore’s base oils exports stayed lower than usual over the past week even as they rose from the previous week.The sustained slowdown in shipments since second-half October cut total exports over the past four weeks to a three-month low.Base oils exports came to close to 34,000t in the week to November 8, government data showed. The volume rose from less than 15,000t the previous week and less than 25,000t the week before that.Weekly base oils exports averaged close to 39,000t so far this year.Base oils exports of around 128,000t over the past four weeks compared with typical monthly export volumes of more than 170,000t so far this year.The slowdown in shipments to India over the last four weeks was especially steep. Total exports of less than 10,000t to the country were the lowest since the beginning of August.Four-week exports to China and southeast Asia were also lower, although the drop was less steep.Singapore’s base oils imports of around 45,000t over the last four weeks were the lowest since second-half July.Imports of less than 8,000t from Japan over the last four weeks were the lowest since the beginning of 2022..Spore’s exports fall in week to Nov 1.Spore’s exports fall in week to Oct 25
