Singapore’s base oils exports to southeast Asia rose in May to the highest in more than five years even amid a round of plant-maintenance work in the island-state.Exports of 75,910t to southeast Asia in May rose from 48,470t the previous month and by 45pc from year-earlier levels, government data showed.Shipments surged even as Singapore’s total base oils exports of 155,740t in May remained lower than usual.The trend left base oils shipments to southeast Asia accounting for almost half of Singapore’s total exports in May. The share was up from around 41pc of the total in 2022 and 37pc in 2021.The pick-up in volumes gave buyers in southeast Asia the opportunity to replenish stocks following a fall in base oils supplies to the region in April..Spore’s May base oils exports edge up
Singapore’s base oils exports to southeast Asia rose in May to the highest in more than five years even amid a round of plant-maintenance work in the island-state.Exports of 75,910t to southeast Asia in May rose from 48,470t the previous month and by 45pc from year-earlier levels, government data showed.Shipments surged even as Singapore’s total base oils exports of 155,740t in May remained lower than usual.The trend left base oils shipments to southeast Asia accounting for almost half of Singapore’s total exports in May. The share was up from around 41pc of the total in 2022 and 37pc in 2021.The pick-up in volumes gave buyers in southeast Asia the opportunity to replenish stocks following a fall in base oils supplies to the region in April..Spore’s May base oils exports edge up
