Thai refiner IRPC’s base oils unit saw base oils output edge down in July but lag a steeper fall in overseas and especially domestic demand.The unit’s output of 30,600 kilolitres (27,000t) in July fell from 31,800kl the previous month, government data showed.The volume was close to typical levels of around 30,100 kl/month in first-half 2023.Steady output contrasted with a slump in the refiner’s sales to domestic buyers to the lowest in more than fifteen months.Its base oils exports also fell in July.Steady output and falling domestic and overseas demand triggered a rise in its surplus supplies to an eleven-month high..Thailand July base oil exports hold firm
Thai refiner IRPC’s base oils unit saw base oils output edge down in July but lag a steeper fall in overseas and especially domestic demand.The unit’s output of 30,600 kilolitres (27,000t) in July fell from 31,800kl the previous month, government data showed.The volume was close to typical levels of around 30,100 kl/month in first-half 2023.Steady output contrasted with a slump in the refiner’s sales to domestic buyers to the lowest in more than fifteen months.Its base oils exports also fell in July.Steady output and falling domestic and overseas demand triggered a rise in its surplus supplies to an eleven-month high..Thailand July base oil exports hold firm
