The Netherlands’ base oils supply fell to a three-month low in May amid a simultaneous dip in domestic production and imports.Base oils output of 76,000t in May fell from an unusually high 149,000t the previous month, government data showed.The May volume was closer to more typical monthly levels in the year to March.Lower base oils production coincided with a fall in imports to 205,000t in May, down from 272,000t the previous month.Imports fell amid a pause in shipments from South Korea. But shipments surged from other sources like Mideast Gulf and southeast Asia.A recent pick-up in imports from China also extended into May. Before March, there had been almost no shipments from China to the Netherlands.The Netherlands’ total supply, or output and imports combined, fell to 281,000t in May.The volume was down from more than 420,000t the previous month and from typical levels of more than 320,000 t/month in the year to March..Europe’s May Group III supplies rise
The Netherlands’ base oils supply fell to a three-month low in May amid a simultaneous dip in domestic production and imports.Base oils output of 76,000t in May fell from an unusually high 149,000t the previous month, government data showed.The May volume was closer to more typical monthly levels in the year to March.Lower base oils production coincided with a fall in imports to 205,000t in May, down from 272,000t the previous month.Imports fell amid a pause in shipments from South Korea. But shipments surged from other sources like Mideast Gulf and southeast Asia.A recent pick-up in imports from China also extended into May. Before March, there had been almost no shipments from China to the Netherlands.The Netherlands’ total supply, or output and imports combined, fell to 281,000t in May.The volume was down from more than 420,000t the previous month and from typical levels of more than 320,000 t/month in the year to March..Europe’s May Group III supplies rise