China’s paraffinic base oils output edged higher in August in the face of slack domestic demand and weak margins.Total Group I, Group II and Group III base oils output came to little more than 357,000t in August, OilChem China data showed.The volume rose from more than 350,000t the previous month but fell from close to 390,000t in May and in June.The last time monthly output rose above the 400,000t level was in March 2022. Before then, output had consistently held well above that level for more than a year.Output stayed low in August amid a fall in Group I base oils production to a one-year low. The slowdown countered the muted rise in Group II and Group III base oils output.. China’s Aug Group II output stays low
China’s paraffinic base oils output edged higher in August in the face of slack domestic demand and weak margins.Total Group I, Group II and Group III base oils output came to little more than 357,000t in August, OilChem China data showed.The volume rose from more than 350,000t the previous month but fell from close to 390,000t in May and in June.The last time monthly output rose above the 400,000t level was in March 2022. Before then, output had consistently held well above that level for more than a year.Output stayed low in August amid a fall in Group I base oils production to a one-year low. The slowdown countered the muted rise in Group II and Group III base oils output.. China’s Aug Group II output stays low