· Singapore’s base oils imports rise last week to highest in five weeks on pick-up in shipments from South Korea and Japan.· Taiwan’s base oils exports so far in April remain much lower than same period in March and lower than same period in February.· Taiwan continues to export more light grades than heavy grades.· Large cargo from South Korea, likely of Group II base oils, sets off for North America in recent days.· Large 2H-March loading cargo from South Korea set to reach Panama in coming days; several more 2H March cargoes from South Korea set to reach Panama in 2H April. · Cargo from China, likely of Group I base oils, reaches South Korea early this week.· Cargo from Egypt, likely of Group I base oils, sets off for India in recent days, set to arrive next week.· Small cargo from Bahrain, likely of Group III base oils, reaches Hamriyah in recent days.· Shipment sets off from Bahrain in recent days, heading towards southern Africa.· Large cargo from UAE, likely of Group III base oils, set to reach US Gulf coast this week.· Cargo loads from UAE in recent days, heading towards Suez Canal. Destination unclear.· Saudi Arabia’s March base oils exports show signs of extending rise to highest in almost a year.· Cargo from South Korea, likely of Group II base oils, set to reach Mideast Gulf in coming days.· Shipment follows arrival in Mideast Gulf of another cargo from South Korea last week.· Large cargo of Russian origin reached Turkey in past week after loading from Baltic region in 1H March.· Large cargo from northwest Europe set to reach Kenya this week. Shipment would be first in several months..Global base oils – week of Apr 10: Price outlook – arbitrage
· Singapore’s base oils imports rise last week to highest in five weeks on pick-up in shipments from South Korea and Japan.· Taiwan’s base oils exports so far in April remain much lower than same period in March and lower than same period in February.· Taiwan continues to export more light grades than heavy grades.· Large cargo from South Korea, likely of Group II base oils, sets off for North America in recent days.· Large 2H-March loading cargo from South Korea set to reach Panama in coming days; several more 2H March cargoes from South Korea set to reach Panama in 2H April. · Cargo from China, likely of Group I base oils, reaches South Korea early this week.· Cargo from Egypt, likely of Group I base oils, sets off for India in recent days, set to arrive next week.· Small cargo from Bahrain, likely of Group III base oils, reaches Hamriyah in recent days.· Shipment sets off from Bahrain in recent days, heading towards southern Africa.· Large cargo from UAE, likely of Group III base oils, set to reach US Gulf coast this week.· Cargo loads from UAE in recent days, heading towards Suez Canal. Destination unclear.· Saudi Arabia’s March base oils exports show signs of extending rise to highest in almost a year.· Cargo from South Korea, likely of Group II base oils, set to reach Mideast Gulf in coming days.· Shipment follows arrival in Mideast Gulf of another cargo from South Korea last week.· Large cargo of Russian origin reached Turkey in past week after loading from Baltic region in 1H March.· Large cargo from northwest Europe set to reach Kenya this week. Shipment would be first in several months..Global base oils – week of Apr 10: Price outlook – arbitrage
