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 Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.</li><li>Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.</li><li>Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.</li></ul>

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.

Global base oils arb outlook: Week of 21 April

<ul><li>Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.</li><li>Firm margins point to tight supply-demand fundamentals.</li><li>Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.</li></ul>

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.Firm margins point to tight supply-demand fundamentals.Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.

Asia base oils supply outlook: Week of 21 April

<ul><li>Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.</li><li>Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.</li><li>High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.</li></ul>

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.

Asia base oils demand outlook: Week of 21 April

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>A noticeable shift in tone this week, with participation broadening and price action turning constructive.</li>
<li>Implied vols declined across most names, unwinding last week’s spike but still sitting above historical medians.</li>
<li>Call activity bounced back, and the Put/Call ratio suggestive of less defensiveactivity.</li>
</ul>


A noticeable shift in tone this week, with participation broadening and price action turning constructive.
Implied vols declined across most names, unwinding last week’s spike but still sitting above historical medians.
Call activity bounced back, and the Put/Call ratio suggestive of less defensiveactivity.


Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

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 analyze the weekly Hong Kong Connect flows with our data engine for holding position as of April 17th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Alibaba (9988 HK), Tencent (700 HK), Xiaomi (1810 HK), Meituan (3690 HK), CCB (939 HK).</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of April 17th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Alibaba (9988 HK), Tencent (700 HK), Xiaomi (1810 HK), Meituan (3690 HK), CCB (939 HK).


HK Connect Flows Weekly (Apr 17th): Alibaba, Tencent, Xiaomi, Meituan, CCB

China

PetroChina Company Limited explores, develops, and produces crude oil and natural gas.  The Company also refines, transports, and distributes crude oil and petroleum products, produces and sells chemicals, and transmits, markets and sells natural gas.

Price Gauge
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PetroChina (857 HK)

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Asia base oils supply outlook: Week of 21 April

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower. Firm margins point to tight supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...

John Ley

HK Connect Flows Weekly (Apr 17th): Alibaba, Tencent, Xiaomi, Meituan, CCB

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Alibaba, Tencent, Xiaomi, Meituan, CCB.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Asia base oils supply outlook: Week of 21 April

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower. Firm margins point to tight supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

​This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...

John Ley

HK Connect Flows Weekly (Apr 17th): Alibaba, Tencent, Xiaomi, Meituan, CCB

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Alibaba, Tencent, Xiaomi, Meituan, CCB.

Ke Yan, CFA, FRM

This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...