Europe’s base oils exports to markets outside the region stayed lower than usual in September.Exports fell as a slowdown in shipments to markets like Turkey and South America countered larger flows Mideast Gulf and southeast Asia.Total exports to non-EU markets came to around 256,000t in September, government data showed.The volume fell from 270,000t in August and by 17pc from year-earlier levels.Total base oils exports of 780,000t in the third quarter rose from around 725,000t during the previous months.The rise in shipments mirrored a typical seasonal trend, when more muted regional demand frees up more supplies for overseas markets.Total exports of 1.50mn t in the second and third quarters of the year were down 12pc from 1.70mn t during the same period last year.The drop in supplies reflected a closed arbitrage to markets like Latin America, and smaller surplus volumes that curbed the need for arbitrage shipments.Europe’s base oils exports fell in September from the previous month to markets like Turkey, US, and Canada.Exports rose to outlets like Nigeria, India, and Singapore.Exports of more than 13,000t to Singapore in September were the largest monthly volume to that market since first-half 2021..Asia’s Sept base oils exports fall
Europe’s base oils exports to markets outside the region stayed lower than usual in September.Exports fell as a slowdown in shipments to markets like Turkey and South America countered larger flows Mideast Gulf and southeast Asia.Total exports to non-EU markets came to around 256,000t in September, government data showed.The volume fell from 270,000t in August and by 17pc from year-earlier levels.Total base oils exports of 780,000t in the third quarter rose from around 725,000t during the previous months.The rise in shipments mirrored a typical seasonal trend, when more muted regional demand frees up more supplies for overseas markets.Total exports of 1.50mn t in the second and third quarters of the year were down 12pc from 1.70mn t during the same period last year.The drop in supplies reflected a closed arbitrage to markets like Latin America, and smaller surplus volumes that curbed the need for arbitrage shipments.Europe’s base oils exports fell in September from the previous month to markets like Turkey, US, and Canada.Exports rose to outlets like Nigeria, India, and Singapore.Exports of more than 13,000t to Singapore in September were the largest monthly volume to that market since first-half 2021..Asia’s Sept base oils exports fall