Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

Hitachi Construction Machinery / Equity Bottom-Up

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<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently nine pair trade opportunities persist across three markets and four sectors.
</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently nine pair trade opportunities persist across three markets and four sectors.


Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

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 January base oils exports rise to a 17-month high, as firm demand limits surplus build-up but leaves the market exposed to Middle East supply disruption.</li><li>South Korea's output hits a three-year high, building stocks ahead of plant maintenance and potential crude supply disruption.</li><li>Global Group III imports from the Middle East hit a six-year high in 2025, deepening reliance on supply lines now facing acute disruption.</li></ul>

Asia's January base oils exports rise to a 17-month high, as firm demand limits surplus build-up but leaves the market exposed to Middle East supply disruption.South Korea's output hits a three-year high, building stocks ahead of plant maintenance and potential crude supply disruption.Global Group III imports from the Middle East hit a six-year high in 2025, deepening reliance on supply lines now facing acute disruption.

Base Oils and Lubricants: Weekly Global Market Review - 6 Mar '26

<ul><li>Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early March.</li><li>Taiwan's February cargo loadings fell sharply from January, pointing to a drop in total exports last month to the lowest in around a year.</li><li>Large cargo of premium-grade base oils loaded from South Korea in early March bound for the US Gulf coast, set to arrive in first-half April.</li></ul>

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early March.Taiwan's February cargo loadings fell sharply from January, pointing to a drop in total exports last month to the lowest in around a year.Large cargo of premium-grade base oils loaded from South Korea in early March bound for the US Gulf coast, set to arrive in first-half April.

Global Base Oils Cargo Flows: Week To 6 March

<ul><li>India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season buying.</li><li>Asia exports to the Middle East stay elevated despite Saudi plant restart, signalling resilient demand.</li><li>Singapore domestic exports surge to an 11-month high, pointing to a potential regional supply shift.</li></ul>

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season buying.Asia exports to the Middle East stay elevated despite Saudi plant restart, signalling resilient demand.Singapore domestic exports surge to an 11-month high, pointing to a potential regional supply shift.

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

<ul><li>Group II cargo-loadings from Taiwan gather pace in final week of February, with shipments mostly bound for China.</li><li>Pick-up in activity mirrors similar trend in Singapore, where exports surged in the past week after the Lunar New Year slowdown.</li><li>Large cargo loads from South Korea in late-January before heading to US Gulf coast, set to arrive this week.</li></ul>

Group II cargo-loadings from Taiwan gather pace in final week of February, with shipments mostly bound for China.Pick-up in activity mirrors similar trend in Singapore, where exports surged in the past week after the Lunar New Year slowdown.Large cargo loads from South Korea in late-January before heading to US Gulf coast, set to arrive this week.

Global Base Oils Cargo Flows: Week To 27 February

Japan

Idemitsu Kosan Co., Ltd. explores, imports, refines, and distributes petroleum and its related products.  The Company also manufactures and sells petrochemical products.

Price Gauge
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Idemitsu Kosan (5019 JP)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Base Oils and Lubricants: Weekly Global Market Review - 6 Mar '26

Asia's January base oils exports rise to a 17-month high, as firm demand limits surplus build-up but leaves the market exposed to Middle East...

Base Oil News

Global Base Oils Cargo Flows: Week To 6 March

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season...

Base Oil News

Global Base Oils Cargo Flows: Week To 27 February

Group II cargo-loadings from Taiwan gather pace in final week of February, with shipments mostly bound for China. Pick-up in activity mirrors...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

​Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Base Oils and Lubricants: Weekly Global Market Review - 6 Mar '26

Asia's January base oils exports rise to a 17-month high, as firm demand limits surplus build-up but leaves the market exposed to Middle East...

Base Oil News

Global Base Oils Cargo Flows: Week To 6 March

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season...

Base Oil News

Global Base Oils Cargo Flows: Week To 27 February

Group II cargo-loadings from Taiwan gather pace in final week of February, with shipments mostly bound for China. Pick-up in activity mirrors...

Base Oil News

Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.