Brazil’s base oils output held in a narrow range for a third month in June.Supply still rose to an eight-month high on the back of a surge in imports.Total base oils output of 54,150mᶟ (42,000t) in June was almost the same as the previous month and up from 50,440mᶟ in April, government data showed.Brazil’s total supply instead got a boost from a rise in Brazil’s base oils imports to an eight-month high.The higher imports, combined with output, lifted the country’s supply to more than 134,000mᶟ in June.The volume was up from less than 114,000mᶟ in each of the previous four months.The higher imports lifted total supply to 359,730mᶟ in the second quarter of the year, up from 325,820mᶟ during the first three months of the year.The volume remained well below levels close to 400,000mᶟ during the fourth quarter of last year..Brazil’s June base oils imports rise
Brazil’s base oils output held in a narrow range for a third month in June.Supply still rose to an eight-month high on the back of a surge in imports.Total base oils output of 54,150mᶟ (42,000t) in June was almost the same as the previous month and up from 50,440mᶟ in April, government data showed.Brazil’s total supply instead got a boost from a rise in Brazil’s base oils imports to an eight-month high.The higher imports, combined with output, lifted the country’s supply to more than 134,000mᶟ in June.The volume was up from less than 114,000mᶟ in each of the previous four months.The higher imports lifted total supply to 359,730mᶟ in the second quarter of the year, up from 325,820mᶟ during the first three months of the year.The volume remained well below levels close to 400,000mᶟ during the fourth quarter of last year..Brazil’s June base oils imports rise