South Korea’s base oils exports to southeast Asia fell in April to their lowest level this year amid a dip in shipments to Indonesia and a slowdown in regional demand.Base oils exports of 67,950t to southeast Asia in April fell from 75,990t the previous month and by 5pc from year-earlier levels, government data showed.The slowdown contrasted with a rise in South Korea’s total base oils exports in April and an increase in shipments to northeast Asia.Exports fell mostly because of a slump in shipments to Indonesia.Shipments to the country fell to a five-month low of less than 6,000t. The volume was down from typical levels of more than 11,000 t/month to the country over the past year.Shipments from Singapore to Indonesia also showed signs of falling in April, raising the prospect of a sharp slowdown in the country’s imports last month..S Korea’s April base oils exports rise.Contact us for more information about the data for these stories
South Korea’s base oils exports to southeast Asia fell in April to their lowest level this year amid a dip in shipments to Indonesia and a slowdown in regional demand.Base oils exports of 67,950t to southeast Asia in April fell from 75,990t the previous month and by 5pc from year-earlier levels, government data showed.The slowdown contrasted with a rise in South Korea’s total base oils exports in April and an increase in shipments to northeast Asia.Exports fell mostly because of a slump in shipments to Indonesia.Shipments to the country fell to a five-month low of less than 6,000t. The volume was down from typical levels of more than 11,000 t/month to the country over the past year.Shipments from Singapore to Indonesia also showed signs of falling in April, raising the prospect of a sharp slowdown in the country’s imports last month..S Korea’s April base oils exports rise.Contact us for more information about the data for these stories