20 July 2012 07:03 [Source: ICIS news]
Demand is being weighed down by the weak global economic outlook, market sources said.
On a year-on-year basis, the country’s base oil exports declined by 28%, according the Korea International Trade Association (KITA).
South Korea’s base oils exports to India and Japan increased by 25% and 36%, respectively, while those to the US, Netherlands and China declined by 9.9%, 11.5% and 24.63%, respectively, according to KITA.
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