Southeast Asia July base oil exports to China fall 35% from June
24 August 2012 12:19 [Source: ICIS news]
SINGAPORE (ICIS)--Southeast Asia exported 35% less base oils to ?xml:namespace>China in July amid a slowing down in the Chinese economy, market sources said on Friday.
Official data showed that China received a total of 58,410 tonnes of base oils from the region last month, with Singapore accounting for more than 90% of the total.
Base oils shipments from Singapore stood at 53,339 tonnes, while those from Thailand and Malaysia were at 3,094 and 1,968 tonnes, respectively. From Indonesia, China received 9 tonnes of base oils in July, according to China Customs data.
No breakdown of base oil grades was available. By: Serena Seng
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