Argentina’s base oils supply held firm in April as a pick-up in domestic production countered a slowdown in imports.Total supply of 16,910mᶟ (14,980t) in April rose from 15,000mᶟ the previous month, government data showed.It fell by 12pc from year-earlier levels. The contraction was the first in three months.Even with the slowdown, total supply of 66,190mᶟ in the first four months of the year outpaced year-earlier levels of 62,490mᶟ.Supply held firm even as imports fell in April to a three-month low of 7,880mᶟ.Almost all the shipments originated from the US.The trend contrasted with March, when imports included a swathe of shipments from South Korea and the Mideast Gulf..Argentina’s April lube demand slows
Argentina’s base oils supply held firm in April as a pick-up in domestic production countered a slowdown in imports.Total supply of 16,910mᶟ (14,980t) in April rose from 15,000mᶟ the previous month, government data showed.It fell by 12pc from year-earlier levels. The contraction was the first in three months.Even with the slowdown, total supply of 66,190mᶟ in the first four months of the year outpaced year-earlier levels of 62,490mᶟ.Supply held firm even as imports fell in April to a three-month low of 7,880mᶟ.Almost all the shipments originated from the US.The trend contrasted with March, when imports included a swathe of shipments from South Korea and the Mideast Gulf..Argentina’s April lube demand slows