Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Asia’s base oils prices slip versus gasoil prices amid recent rise in crude oil prices.</li><li>Heavy-grade base oils margins stay relatively firm even with recent downward pressure.</li><li>Recent squeeze on margins could prompt refiners to resist price-adjustments to reflect any change in supply-demand fundamentals.</li></ul>

Asia’s base oils prices slip versus gasoil prices amid recent rise in crude oil prices.Heavy-grade base oils margins stay relatively firm even with recent downward pressure.Recent squeeze on margins could prompt refiners to resist price-adjustments to reflect any change in supply-demand fundamentals.

Asia base oils supply outlook: Week of 29 September

<ul><li>Asia’s base oils demand could turn more cautious amid improving availability of supply.</li><li>Rising supply gives buyers more flexibility to procure smaller volumes more frequently.</li><li>Rising supply raises concern about exposure to price-volatility, adding to attraction of managing stocks carefully.</li></ul>

Asia’s base oils demand could turn more cautious amid improving availability of supply.Rising supply gives buyers more flexibility to procure smaller volumes more frequently.Rising supply raises concern about exposure to price-volatility, adding to attraction of managing stocks carefully.

Asia base oils demand outlook: Week of 29 September

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 59.8% as of Sep 26th.</li>
<li>The average A-H premium changed by 2.9ppt week-on-week, led by communication services, information technology, financials and offset by real estate, materials.</li>
<li>We highlight weekly changes in A-H premium for Cosco Shipping, Zijin Mining, Anjoy Foods, Goldwind, Haier Smart Home, ICBC.</li>
</ul>


We analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 59.8% as of Sep 26th.
The average A-H premium changed by 2.9ppt week-on-week, led by communication services, information technology, financials and offset by real estate, materials.
We highlight weekly changes in A-H premium for Cosco Shipping, Zijin Mining, Anjoy Foods, Goldwind, Haier Smart Home, ICBC.


A-H Premium Weekly (Sep 26th): Cosco Shipping, Zijin Mining, Anjoy Foods, Goldwind, Haier Smart Home

<ul><li>Global base oils margins mostly hold at levels that sustain incentive for refiners to maintain high output.</li><li>Incentive for refiners to maintain high output puts pressure on global demand to remain sufficiently firm to absorb steady-to-higher supply.</li><li>Pressure on demand to hold firm coincides with time of year when demand typically starts to ease.</li></ul>

Global base oils margins mostly hold at levels that sustain incentive for refiners to maintain high output.Incentive for refiners to maintain high output puts pressure on global demand to remain sufficiently firm to absorb steady-to-higher supply.Pressure on demand to hold firm coincides with time of year when demand typically starts to ease.

Global base oils margins outlook: Week of 22 September

<ul><li>Asia’s Group II base oils prices stay firm relative to feedstock and gasoil prices.</li><li>Firm margins point to still-balanced-to-tight fundamentals, sustaining incentive for refiners to maintain high output.</li><li>Margins hold firm despite scant scheduled plant-maintenance work and expected start-up of new production and shipments in coming weeks.</li></ul>

Asia’s Group II base oils prices stay firm relative to feedstock and gasoil prices.Firm margins point to still-balanced-to-tight fundamentals, sustaining incentive for refiners to maintain high output.Margins hold firm despite scant scheduled plant-maintenance work and expected start-up of new production and shipments in coming weeks.

Asia base oils supply outlook: Week of 22 September

China

Sinopec Shanghai Petrochemical Company Limited processes crude oil into a broad range of synthetic fibers, resins and plastics, intermediate petrochemical products and petroleum products.

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Sinopec Shanghai Petrochemical (338 HK)

Asia base oils supply outlook: Week of 29 September

Asia’s base oils prices slip versus gasoil prices amid recent rise in crude oil prices. Heavy-grade base oils margins stay relatively firm even...

Base Oil News

Asia base oils demand outlook: Week of 29 September

Asia’s base oils demand could turn more cautious amid improving availability of supply. Rising supply gives buyers more flexibility to procure...

Base Oil News

A-H Premium Weekly (Sep 26th): Cosco Shipping, Zijin Mining, Anjoy Foods, Goldwind, Haier Smart Home

We analyzed A-H premium changes in the past week and highlight A-H premium changes for Cosco Shipping, Zijin Mining, Anjoy Foods, Goldwind, Haier...

Ke Yan, CFA, FRM

Global base oils margins outlook: Week of 22 September

Global base oils margins mostly hold at levels that sustain incentive for refiners to maintain high output. Incentive for refiners to maintain...

Base Oil News

Asia base oils supply outlook: Week of 22 September

Asia’s Group II base oils prices stay firm relative to feedstock and gasoil prices. Firm margins point to still-balanced-to-tight fundamentals,...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)