Thailand’s base oils supply lagged demand in August for the first time in four months as demand rose to a five-month high.Base oils supply, or domestic production and imports combined, fell to less than 72,000 kilolitres (63,600t) in August, government data showed.The volume fell from more than 82,000kl in July to a six-month low amid a dip in imports.Demand, or domestic lube consumption and base oils exports combined, rose to more than 87,000kl in August.The volume rebounded from around 63,000kl in July to the highest since March.Demand got a boost from firmer domestic consumption and a rise in arbitrage shipments to markets like Mideast Gulf.The supply shortfall of more than 15,000kl in August was the largest in ten months and reversed most of a more-than 18,000kl surplus in July..Thailand’s Aug lube demand rises.Thailand’s August base oils output rises
Thailand’s base oils supply lagged demand in August for the first time in four months as demand rose to a five-month high.Base oils supply, or domestic production and imports combined, fell to less than 72,000 kilolitres (63,600t) in August, government data showed.The volume fell from more than 82,000kl in July to a six-month low amid a dip in imports.Demand, or domestic lube consumption and base oils exports combined, rose to more than 87,000kl in August.The volume rebounded from around 63,000kl in July to the highest since March.Demand got a boost from firmer domestic consumption and a rise in arbitrage shipments to markets like Mideast Gulf.The supply shortfall of more than 15,000kl in August was the largest in ten months and reversed most of a more-than 18,000kl surplus in July..Thailand’s Aug lube demand rises.Thailand’s August base oils output rises
