China’s base oils imports fell in April after surging the previous month, adding to signs of a more muted recovery in the country’s economic growth.Base oils imports of 159,260t in April fell from 251,650t the previous month, government data showed.The March volume had been the highest in almost two years. The rise in shipments pointed to a strong recovery in Chinese demand if it could be sustained.Otherwise, the rise in shipments in March was more likely to help to cover for lower domestic supply in China because of scheduled plant maintenance work.The slide in imports in April suggested that temporary factors had driven the rise in shipments in March.Total imports of 714,790t in the first four months of the year remained down 12pc from 815,700t during the same period last year..China’s April base oils output rises.Contact us for more information about the data for these stories
China’s base oils imports fell in April after surging the previous month, adding to signs of a more muted recovery in the country’s economic growth.Base oils imports of 159,260t in April fell from 251,650t the previous month, government data showed.The March volume had been the highest in almost two years. The rise in shipments pointed to a strong recovery in Chinese demand if it could be sustained.Otherwise, the rise in shipments in March was more likely to help to cover for lower domestic supply in China because of scheduled plant maintenance work.The slide in imports in April suggested that temporary factors had driven the rise in shipments in March.Total imports of 714,790t in the first four months of the year remained down 12pc from 815,700t during the same period last year..China’s April base oils output rises.Contact us for more information about the data for these stories