European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Since mid-March, amid sessions of significant volatility, share-price spreads have generally tightened across the European liquid universe of ordinary and preferred shares, with 10 tightening and 9 widening.</li>
<li>The discount of Grifols B has widened although Brookfield is again knocking at the door; Handelsbanken B shares trade at 48% premium to A shares. </li>
<li>Recommended trades long preferred/short ords: Atlas Copco, Grifols. Recommended trades long ordinary / short preferred shares: Henkel, SSAB Svenska Stal.</li>
</ul>


Since mid-March, amid sessions of significant volatility, share-price spreads have generally tightened across the European liquid universe of ordinary and preferred shares, with 10 tightening and 9 widening.
The discount of Grifols B has widened although Brookfield is again knocking at the door; Handelsbanken B shares trade at 48% premium to A shares. 
Recommended trades long preferred/short ords: Atlas Copco, Grifols. Recommended trades long ordinary / short preferred shares: Henkel, SSAB Svenska Stal.


Liquid Universe of European Ordinary and Preferred Shares: April '25 Report

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>Global base oils prices rise sharply vs feedstock/gasoil prices.</li><li>Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.</li><li>Rise in price premiums in April 2025 coincides with slump in crude oil prices.</li></ul>

Global base oils prices rise sharply vs feedstock/gasoil prices.Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.Rise in price premiums in April 2025 coincides with slump in crude oil prices.

Global base oils margins outlook: Week of 14 April

<ul><li>US base oils export price discount to Asia base oils prices stays wide so far this year.</li><li>Wide price discount facilitates shipment of surplus supplies to markets like India.</li><li>US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.</li></ul>

US base oils export price discount to Asia base oils prices stays wide so far this year.Wide price discount facilitates shipment of surplus supplies to markets like India.US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.

Global base oils arb outlook: Week of 14 April

<ul><li>US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in Feb 2025.</li><li>Ongoing flow of shipments to West Africa reflects persistent availability of surplus volumes.</li><li>US base oils prices surge relative to feedstock and heating oil prices in April 2025.</li></ul>

US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in Feb 2025.Ongoing flow of shipments to West Africa reflects persistent availability of surplus volumes.US base oils prices surge relative to feedstock and heating oil prices in April 2025.

Americas/EMEA base oils supply outlook: Week of 14 April

<ul><li>US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock prices.</li><li>Widening base oil premium to feedstock and diesel prices points to sudden improvement in demand and tightening supply.</li><li>Timing of surge in base oils premium suggests it is linked more to slump in crude oil prices than to marked change in supply-demand fundamentals.</li></ul>

US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock prices.Widening base oil premium to feedstock and diesel prices points to sudden improvement in demand and tightening supply.Timing of surge in base oils premium suggests it is linked more to slump in crude oil prices than to marked change in supply-demand fundamentals.

Americas/EMEA base oils demand outlook: Week of 14 April

Germany

FUCHS SE manufactures lubricants and related specialty products. The Company refines and produces industrial and automotive lubricants, hydraulic oils, greases, and polishing products, as well as biodegradable oils. FUCHS markets its products worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

FUCHS (FPE GR)

Liquid Universe of European Ordinary and Preferred Shares: April '25 Report

Since mid-March, with sessions of massive volatility, share-price spreads have generally tightened across European liquid universe of ordinary and...

Jesus Rodriguez Aguilar

Global base oils margins outlook: Week of 14 April

Global base oils prices rise sharply vs feedstock/gasoil prices. Price premiums climb at time of year when they typically rise strongly in...

Base Oil News

Global base oils arb outlook: Week of 14 April

US base oils export price discount to Asia base oils prices stays wide so far this year. Wide price discount facilitates shipment of surplus...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 14 April

US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 14 April

US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)