Vietnam’s base oils imports held firm in August, adding to signs of the country’s steadier economic activity and lube consumption.Total base oils imports of more than 20,100t in August rose from around 19,800t the previous month, provisional customs data showed.Imports rose for the third time in four months from year-earlier levels, boosting total volumes to 149,800t in the first eight months of the year.The volume was down 3pc from 154,300t during the same period last year.Imports had lagged year-earlier levels by 8pc in the first six months of the year.Vietnam's firmer base oils imports coincided with rising industrial production and retail sales in August. But the country’s automobile sales extended their sustained fall.Shipments from Singapore and South Korea accounted for more than 90pc of Vietnam’s total imports in August.Imports of close to 69,000t from South Korea in the first eight months of the year were slightly higher than shipments from Singapore.Supplies from Singapore had previously far exceeded shipments from South Korea..SE Asia July base oils imports slip
Vietnam’s base oils imports held firm in August, adding to signs of the country’s steadier economic activity and lube consumption.Total base oils imports of more than 20,100t in August rose from around 19,800t the previous month, provisional customs data showed.Imports rose for the third time in four months from year-earlier levels, boosting total volumes to 149,800t in the first eight months of the year.The volume was down 3pc from 154,300t during the same period last year.Imports had lagged year-earlier levels by 8pc in the first six months of the year.Vietnam's firmer base oils imports coincided with rising industrial production and retail sales in August. But the country’s automobile sales extended their sustained fall.Shipments from Singapore and South Korea accounted for more than 90pc of Vietnam’s total imports in August.Imports of close to 69,000t from South Korea in the first eight months of the year were slightly higher than shipments from Singapore.Supplies from Singapore had previously far exceeded shipments from South Korea..SE Asia July base oils imports slip
