Thailand’s base oils exports rose for a seventh month in July as a revival in shipments to China added to a steady flow of arbitrage cargoes to other outlets like Mideast Gulf.Total base oils exports of 18,320 kilolitres (16,230t) in July fell from a twenty-one month high of more than 27,000kl the previous month, government data showed.Exports still rose by 10pc and for a seventh month from year-earlier levels.The sustained rise in shipments lifted Thailand’s total base oils exports to more than 153,000kl in the first seven months of the year.The volume was up 54pc from just below 100,000kl during the same period last year.Exports got a boost from a resumption of shipments to China for the first time in four months.More than 5,000kl of Group I base oils moved to China in July. The supplies likely consisted mostly of bright stock.An increasingly regular flow of arbitrage supplies also continued to move to the UAE in July. Another shipment also moved to India..Singapore’s July base oils exports fall
Thailand’s base oils exports rose for a seventh month in July as a revival in shipments to China added to a steady flow of arbitrage cargoes to other outlets like Mideast Gulf.Total base oils exports of 18,320 kilolitres (16,230t) in July fell from a twenty-one month high of more than 27,000kl the previous month, government data showed.Exports still rose by 10pc and for a seventh month from year-earlier levels.The sustained rise in shipments lifted Thailand’s total base oils exports to more than 153,000kl in the first seven months of the year.The volume was up 54pc from just below 100,000kl during the same period last year.Exports got a boost from a resumption of shipments to China for the first time in four months.More than 5,000kl of Group I base oils moved to China in July. The supplies likely consisted mostly of bright stock.An increasingly regular flow of arbitrage supplies also continued to move to the UAE in July. Another shipment also moved to India..Singapore’s July base oils exports fall
