China’s base oils imports from Thailand and Indonesia fell to a four-month low in April amid a drop in the country’s demand for Group I bright stock.Imports of less than 5,000t from Thailand and Indonesia combined fell from more than 12,700t in each of the previous three months.The 61pc fall in imports from March was steeper than the 37pc drop in China’s total base oils imports.China’s requirements for overseas bright stock supplies fell amid slow demand and increasingly ready availability of domestic supplies at competitive prices.Lower domestic bright stock prices in turn made less feasible the arbitrage to move supplies to China.The gap between domestic and fob Asia cargo bright stock prices widened in April and May from March. But it remained much narrower than at the start of the year. .China’s April base oils imports fall.Contact us for more information about the data for these stories
China’s base oils imports from Thailand and Indonesia fell to a four-month low in April amid a drop in the country’s demand for Group I bright stock.Imports of less than 5,000t from Thailand and Indonesia combined fell from more than 12,700t in each of the previous three months.The 61pc fall in imports from March was steeper than the 37pc drop in China’s total base oils imports.China’s requirements for overseas bright stock supplies fell amid slow demand and increasingly ready availability of domestic supplies at competitive prices.Lower domestic bright stock prices in turn made less feasible the arbitrage to move supplies to China.The gap between domestic and fob Asia cargo bright stock prices widened in April and May from March. But it remained much narrower than at the start of the year. .China’s April base oils imports fall.Contact us for more information about the data for these stories
