Indonesia exported hardly any Group I base oils in July amid firm domestic demand and weak overseas prices.The country’s total Group I base oils exports fell to less than 1,500t in July, down from an already-low 2,010t the previous month, government data showed.The July volume was the lowest since first-half 2020, when pandemic-related restrictions disrupted typical trade flows.The fall in shipments cut total exports to less than 18,000t in the first seven months of the year, down from more than 40,000t during the same period last year.Exports had got a boost from firmer Chinese demand in early 2022.They enjoyed no such support this year.Indonesia’s exports to China came to less than 400t in the first seven months of the year, down from close to 7,000t during the same period last year.There were no shipments from the port of Cilacap in July for a sixth month.Most of the supplies instead loaded from Tanjung Priok and consisted of flexibag shipments..Indonesia’s July Group III exports fall
Indonesia exported hardly any Group I base oils in July amid firm domestic demand and weak overseas prices.The country’s total Group I base oils exports fell to less than 1,500t in July, down from an already-low 2,010t the previous month, government data showed.The July volume was the lowest since first-half 2020, when pandemic-related restrictions disrupted typical trade flows.The fall in shipments cut total exports to less than 18,000t in the first seven months of the year, down from more than 40,000t during the same period last year.Exports had got a boost from firmer Chinese demand in early 2022.They enjoyed no such support this year.Indonesia’s exports to China came to less than 400t in the first seven months of the year, down from close to 7,000t during the same period last year.There were no shipments from the port of Cilacap in July for a sixth month.Most of the supplies instead loaded from Tanjung Priok and consisted of flexibag shipments..Indonesia’s July Group III exports fall
