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

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 analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 18th. We estimate that they had an aggregated short interest worth USD1.8bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Advanced Info Service, PTT Oil and Retail.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 18th. We estimate that they had an aggregated short interest worth USD1.8bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Advanced Info Service, PTT Oil and Retail.


Thailand Short Interest Weekly (Apr 18th): Advanced Info Service, PTT Oil and Retail

<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

Thailand

IRPC PCL produces a variety of petrochemical products including polypropylene, high density polyethylene and expandable polystyrene primarily used in packaging materials. Through its subsidiaries, the Company produces and distributes gasoline, liquefied petroleumgas (LPG), asphalt, as well as electricity and construction materials.

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IRPC PCL (IRPC TB)

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

Thailand Short Interest Weekly (Apr 18th): Advanced Info Service, PTT Oil and Retail

We analyzed SET short interest report for the past week and highlighted short interest changes in Advanced Info Service, PTT Oil and Retail.

Ke Yan, CFA, FRM

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

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52-week Range

Market Cap (USDm)

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