Thai base oil imports up by 79% in February

09 April 2013 07:40  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s base oil imports were at 21,336 tonnes in February, up by 79%, or 9,445 tonnes, compared with January, market sources citing Thai port statistics said.

The majority of imports came from Singapore, with a total volume of 11,459 tonnes. The rest of imports came from South Korea at 5,145 tonnes, Qatar at 2,213 tonnes, Malaysia at 1,325 tonnes, Japan at 1,178 tonnes and the UK at 16 tonnes.

However, on a year-on-year comparison, February exports this year were only 68 tonnes higher compared with the same period in 2012.

The rise in imports was mostly a result of re-stocking activity amid rising base oil prices in February, market sources said.

By: Serena Seng

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