Indonesia’s Group III base oils exports to China fell in February, adding to signs of a more gradual recovery in demand in the northeast Asian country.Exports of 2,000t to China in February fell from 2,500t in January to a three-month low, government data showed.Exports to South Korea also fell. Shipments of 5,000t in February fell from more than 8,000t the previous month to the lowest since October.A large share of supplies bound for South Korea often then move on to the US, where Group III supply-demand fundamentals have weakened this year..Indonesia’s Feb Grp III exports rise
Indonesia’s Group III base oils exports to China fell in February, adding to signs of a more gradual recovery in demand in the northeast Asian country.Exports of 2,000t to China in February fell from 2,500t in January to a three-month low, government data showed.Exports to South Korea also fell. Shipments of 5,000t in February fell from more than 8,000t the previous month to the lowest since October.A large share of supplies bound for South Korea often then move on to the US, where Group III supply-demand fundamentals have weakened this year..Indonesia’s Feb Grp III exports rise
