South Korea’s base oils exports extended their fall to a three-year low in July even as plant maintenance work drew to a close.Base oils exports of 260,080t in July fell from 284,660t in June and by 34pc from year-earlier levels, government data showed.The July volume was the lowest since May 2020. The June volume was the second lowest since then.The slump in shipments cut South Korea’s total base oils exports to 2.45mn t in the first seven months of the year, down 2pc from year-earlier levels of 2.51mn t.Exports had been 5pc higher than year-earlier levels in the first five months of the year.Exports fell even as maintenance work on a key Group III base oils plant in South Korea came to an end in the month of July..S Korea’s June base oils output falls
South Korea’s base oils exports extended their fall to a three-year low in July even as plant maintenance work drew to a close.Base oils exports of 260,080t in July fell from 284,660t in June and by 34pc from year-earlier levels, government data showed.The July volume was the lowest since May 2020. The June volume was the second lowest since then.The slump in shipments cut South Korea’s total base oils exports to 2.45mn t in the first seven months of the year, down 2pc from year-earlier levels of 2.51mn t.Exports had been 5pc higher than year-earlier levels in the first five months of the year.Exports fell even as maintenance work on a key Group III base oils plant in South Korea came to an end in the month of July..S Korea’s June base oils output falls