Thailand’s base oils exports fell to a nine-month low in August amid a slowdown in shipments to China and Singapore.Exports slowed even after a build-up of surplus supplies in Thailand the previous month.There was instead a surge in shipments to the Mideast Gulf, pointing to firmer buying interest in that region than in Asia.Total base oil exports of 10,900 kilolitres (9,660t) in August fell from more than 18,000kl the previous month, government data showed.Exports extended their strong surge for an eighth month from year-earlier levels, lifting total shipments to 164,200kl in the first eight months of the year.The volume was up 60pc from 103,300kl during the same period last year.Exports of less than 3,000kl to Singapore in August were the lowest since last November.Exports of 2,250kl to China fell from 5,200kl in July. Even so, the extension of exports to China for a second month contrasted with a halt in shipments to the country during the second quarter of the year.Exports of 5,100kl to the UAE in August were the highest in almost three years and the fourth such shipment in as many months.Before May, the last shipment to the UAE had been in May 2022. .S Korea’s August base oils exports rise
Thailand’s base oils exports fell to a nine-month low in August amid a slowdown in shipments to China and Singapore.Exports slowed even after a build-up of surplus supplies in Thailand the previous month.There was instead a surge in shipments to the Mideast Gulf, pointing to firmer buying interest in that region than in Asia.Total base oil exports of 10,900 kilolitres (9,660t) in August fell from more than 18,000kl the previous month, government data showed.Exports extended their strong surge for an eighth month from year-earlier levels, lifting total shipments to 164,200kl in the first eight months of the year.The volume was up 60pc from 103,300kl during the same period last year.Exports of less than 3,000kl to Singapore in August were the lowest since last November.Exports of 2,250kl to China fell from 5,200kl in July. Even so, the extension of exports to China for a second month contrasted with a halt in shipments to the country during the second quarter of the year.Exports of 5,100kl to the UAE in August were the highest in almost three years and the fourth such shipment in as many months.Before May, the last shipment to the UAE had been in May 2022. .S Korea’s August base oils exports rise