Russia’s Rosneft to cut base oil exports to China in June

23 May 2013 08:37  [Source: ICIS news]

SINGAPORE (ICIS)--Russia’s Rosneft is planning to reduce its Group I base oils exports to China to 2,500 tonnes in June, a Chinese importer said on Thursday.

The drop is because of a month-long turnaround at the producer’s 250,000 tonne/year Group I base oils plant at Angarsk in Russia, the importer said.

The June export volumes will consist of only Group I N150, the importer said.

The smaller volume and single grade offered may limit buying interest for the cargoes, according to the importer.

However, offers are unlikely to drop as the availability of exports in June will be low, added the importer.

By: Whitney Shi
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index