Vietnam’s base oils imports rose to an eleven-month high in May on the back of a rebound in shipments from Singapore and especially South Korea.Base oils imports of around 22,500t in May rose from less than 16,500t the previous month and by more than 50pc from year-earlier levels, customs data showed.The rise in shipments lifted Vietnam’s total base oils imports to 88,530t in the first five months of the year.The volume was down 8pc from 96,050t during the same period last year. The contraction narrowed from a 19pc shortfall during the first four months of the year.Any revival in base oils and lube demand in southeast Asia would help to cushion the impact of weaker-than-expected demand in China. .SE Asia base oils imports fall in April.Contact us for more information about the data for these stories
Vietnam’s base oils imports rose to an eleven-month high in May on the back of a rebound in shipments from Singapore and especially South Korea.Base oils imports of around 22,500t in May rose from less than 16,500t the previous month and by more than 50pc from year-earlier levels, customs data showed.The rise in shipments lifted Vietnam’s total base oils imports to 88,530t in the first five months of the year.The volume was down 8pc from 96,050t during the same period last year. The contraction narrowed from a 19pc shortfall during the first four months of the year.Any revival in base oils and lube demand in southeast Asia would help to cushion the impact of weaker-than-expected demand in China. .SE Asia base oils imports fall in April.Contact us for more information about the data for these stories