Thailand’s base oils exports rose to a two-year high in September as more arbitrage shipments moved to India and Mideast Gulf.Total base oils exports of 29,010 kilolitres (25,700t) in September almost tripled from less than 11,000kl the previous month, government data showed.Exports rose by 8pc in September and for a ninth month from year-earlier levels.The sustained rise in shipments lifted total exports to 193,170kl in the first nine months of the year.The volume rose by 48pc from 130,000kl during the same period in 2022 to the highest in more than eight years.Base oils exports got a boost in September from an ongoing flow of shipments to China for a third month.Exports to India were larger than the volume bound for China, with the third large shipment to the country in four months.Exports to the UAE were even larger and even more frequent.Shipments of more than 7,700kl to the UAE in September were the highest in more than eight years. The shipment was also the fifth in as many months..Singapore’s Sept base oils exports fall.S Korea’s Sept base oils exports rise
Thailand’s base oils exports rose to a two-year high in September as more arbitrage shipments moved to India and Mideast Gulf.Total base oils exports of 29,010 kilolitres (25,700t) in September almost tripled from less than 11,000kl the previous month, government data showed.Exports rose by 8pc in September and for a ninth month from year-earlier levels.The sustained rise in shipments lifted total exports to 193,170kl in the first nine months of the year.The volume rose by 48pc from 130,000kl during the same period in 2022 to the highest in more than eight years.Base oils exports got a boost in September from an ongoing flow of shipments to China for a third month.Exports to India were larger than the volume bound for China, with the third large shipment to the country in four months.Exports to the UAE were even larger and even more frequent.Shipments of more than 7,700kl to the UAE in September were the highest in more than eight years. The shipment was also the fifth in as many months..Singapore’s Sept base oils exports fall.S Korea’s Sept base oils exports rise