Thailand’s base oils supply exceeded demand in June for a second month and by the largest volume in ten months even as a wave of arbitrage shipments slowed the supply-build.The country’s base oils supply, or output and imports combined, rose to more than 85,000 kilolitres (75,360t) in June, government data showed.The volume was up from around 78,600kl the previous month.Demand, or domestic consumption and imports, fell to 72,230kl in June, down from more than 78,500kl the previous month.The supply surplus widened to more than 12,800kl in response, from less than 100kl in May. Supply had lagged demand in the first four months of the year.The surplus would have been even larger if not for a surge in arbitrage shipments in June to markets like India and Europe. .Thailand’s June lube demand falls
Thailand’s base oils supply exceeded demand in June for a second month and by the largest volume in ten months even as a wave of arbitrage shipments slowed the supply-build.The country’s base oils supply, or output and imports combined, rose to more than 85,000 kilolitres (75,360t) in June, government data showed.The volume was up from around 78,600kl the previous month.Demand, or domestic consumption and imports, fell to 72,230kl in June, down from more than 78,500kl the previous month.The supply surplus widened to more than 12,800kl in response, from less than 100kl in May. Supply had lagged demand in the first four months of the year.The surplus would have been even larger if not for a surge in arbitrage shipments in June to markets like India and Europe. .Thailand’s June lube demand falls
