South Korea’s base oils exports to India and Mideast Gulf stayed lower in June as a wave of arbitrage shipments from other sources targeted those outlets.Base oils exports of 58,590t to India in June were almost the same as the previous month, government data showed.The volume was down from more than 83,000t in April and from typical exports of more than 68,000 t/month to India over the past year.India’s base oils imports still rose in June to an eleven-month high as the country took delivery of a wave of arbitrage shipments from the US especially, as well as other sources like Taiwan and Thailand.South Korea’s base oils exports to the Mideast Gulf stayed below 10,000t in June for a second month.They had exceeded 20,000t in each of the previous four months to April as a wave of arbitrage shipments from South Korea moved to the region. .S Korea’s June base oils exports fall
South Korea’s base oils exports to India and Mideast Gulf stayed lower in June as a wave of arbitrage shipments from other sources targeted those outlets.Base oils exports of 58,590t to India in June were almost the same as the previous month, government data showed.The volume was down from more than 83,000t in April and from typical exports of more than 68,000 t/month to India over the past year.India’s base oils imports still rose in June to an eleven-month high as the country took delivery of a wave of arbitrage shipments from the US especially, as well as other sources like Taiwan and Thailand.South Korea’s base oils exports to the Mideast Gulf stayed below 10,000t in June for a second month.They had exceeded 20,000t in each of the previous four months to April as a wave of arbitrage shipments from South Korea moved to the region. .S Korea’s June base oils exports fall