22 March 2013 07:06 [Source: ICIS news]
SINGAPORE (ICIS)--China’s top two base oils suppliers, PetroChina and Sinopec, did not have any base oils exports in the first quarter of 2013, company sources said on Friday.
PetroChina halted exports in the first quarter in view of falling production along with unit shutdowns, a company source said.
The company brought off line one production line at its 450,000 tonne/year base oils plant at Dalian in Liaoning in late December 2012 and shut the whole plant on 15 March for a one-month turnaround, the source added.
Sinopec also saw declining base oils production in March-April when the company shut a 150,000 tonne/year Group II plant at Jinan in Shandong and a 300,000 tonne/year Group I plant at Beijing, a company source said.
Meanwhile, the demand for Group I and II base oils was weak in the Asian market in January-February, although there was surplus output for export from Sinopec, the source added.
PetroChina’s Dalian Petrochemical and Sinopec Shanghai Gaoqiao are two major base oils exporters in China, which usually supply 3,000 tonnes/month and 2,000-4,000 tonnes/month of Group I and II base oils respectively to the Asian market.
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