· Shipments from Taiwan almost completely pause so far in October, reflecting impact of plant maintenance work.· September-loading shipment from Taiwan reaches India at start of this week, with combination of light and heavy grades.· Shipments from South Korea to US slow down sharply in recent weeks after pick-up in cargo flows in 2H Aug and 1H Sep 2023.· August-loading cargo of Group III base oils from Bahrain set to reach US Gulf coast early this week.· Shipment from Saudi Arabia discharges supplies in South Africa last week before continuing on to Nigeria.· Shipment from Algeria scheduled to reach Brazil in coming week.· Shipment from Turkey set to reach Tunisia early this week.· October-loading cargo from northwest Europe set to reach Nigeria at start of this week.· September-loading cargo from US set to reach Nigeria at start of this week.· September-loading cargo from US set to reach Egypt at start of this week.· Larger-than-usual cargo loads from US Gulf coast in mid-Oct 2023 before heading to South Africa, set to arrive in 1H Nov 2023..Global base oils - week of Oct 16: Price signals - arbitrage
· Shipments from Taiwan almost completely pause so far in October, reflecting impact of plant maintenance work.· September-loading shipment from Taiwan reaches India at start of this week, with combination of light and heavy grades.· Shipments from South Korea to US slow down sharply in recent weeks after pick-up in cargo flows in 2H Aug and 1H Sep 2023.· August-loading cargo of Group III base oils from Bahrain set to reach US Gulf coast early this week.· Shipment from Saudi Arabia discharges supplies in South Africa last week before continuing on to Nigeria.· Shipment from Algeria scheduled to reach Brazil in coming week.· Shipment from Turkey set to reach Tunisia early this week.· October-loading cargo from northwest Europe set to reach Nigeria at start of this week.· September-loading cargo from US set to reach Nigeria at start of this week.· September-loading cargo from US set to reach Egypt at start of this week.· Larger-than-usual cargo loads from US Gulf coast in mid-Oct 2023 before heading to South Africa, set to arrive in 1H Nov 2023..Global base oils - week of Oct 16: Price signals - arbitrage