Japan’s base oils exports fell to a two-year low in October following the closure of another of the country’s base oils plants.Total exports of 44,200 kilolitres (39,200t) in October fell from more than 69,000kl the previous month to the lowest since October 2021, government data showed.Shipments fell by 47pc in October and for the ninth time in ten months from year-earlier levels.The slowdown cut total exports to 682,620kl in the first ten months of the year, down 21pc from 866,560kl during the same period last year.The country’s base oils exports had already fallen sharply this year following the closure of a Group I base oils plant in second-half 2022.Exports fell even more steeply in October following the closure of another base oils plant.The fall in shipments in October had the biggest impact on South Korea and Singapore.Exports of less than 10,000kl to Singapore in October fell from more than 20,000kl in each of the previous ten months to the lowest since October 2021.Exports of less than 12,000kl to South Korea in October fell from more than 25,000kl the previous month to the lowest since October 2019..Japan’s October base oils output falls.Japan’s Oct base oils/lube demand rises
Japan’s base oils exports fell to a two-year low in October following the closure of another of the country’s base oils plants.Total exports of 44,200 kilolitres (39,200t) in October fell from more than 69,000kl the previous month to the lowest since October 2021, government data showed.Shipments fell by 47pc in October and for the ninth time in ten months from year-earlier levels.The slowdown cut total exports to 682,620kl in the first ten months of the year, down 21pc from 866,560kl during the same period last year.The country’s base oils exports had already fallen sharply this year following the closure of a Group I base oils plant in second-half 2022.Exports fell even more steeply in October following the closure of another base oils plant.The fall in shipments in October had the biggest impact on South Korea and Singapore.Exports of less than 10,000kl to Singapore in October fell from more than 20,000kl in each of the previous ten months to the lowest since October 2021.Exports of less than 12,000kl to South Korea in October fell from more than 25,000kl the previous month to the lowest since October 2019..Japan’s October base oils output falls.Japan’s Oct base oils/lube demand rises