Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>The SET rebounded in line with Asian stock markets amid growing hopes for an end to the conflict between the US and Iran.</li><li>The index successfully reached a new high and managed to stay above the 1,550-point level.</li><li>Nevertheless, although the index is expected to extend its gains, volatility is likely to increase due to profit-taking pressure.</li></ul>

The SET rebounded in line with Asian stock markets amid growing hopes for an end to the conflict between the US and Iran.The index successfully reached a new high and managed to stay above the 1,550-point level.Nevertheless, although the index is expected to extend its gains, volatility is likely to increase due to profit-taking pressure.

Krungthai XSpring Technical Eng. May 26, 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>Cargo of Group II light and heavy-grade base oils loaded from Taiwan this week before heading to Vietnam, set to arrive in coming days.</li><li>Taiwan’s export volumes so far in May remained similar to April and below March levels.</li><li>Cargo of Group III base oils loaded from Indonesia in second-half March before heading to Northwest Europe, arrived in recent days.</li></ul>

Cargo of Group II light and heavy-grade base oils loaded from Taiwan this week before heading to Vietnam, set to arrive in coming days.Taiwan’s export volumes so far in May remained similar to April and below March levels.Cargo of Group III base oils loaded from Indonesia in second-half March before heading to Northwest Europe, arrived in recent days.

Global Base Oils Cargo Flows: Week To 22 May

<ul><li>Asia's export cushion narrowed as South Korea, Taiwan and Singapore flows all weakened simultaneously — leaving global markets with less cover</li><li>South Korea's April exports to the US slumped to a near-six-year low — deepening Group III supply risks as Middle East flows stayed halted</li><li>Singapore's April imports temporarily eased regional pressure — but softer May exports pointed to the buffer starting to thin</li></ul>

Asia's export cushion narrowed as South Korea, Taiwan and Singapore flows all weakened simultaneously — leaving global markets with less coverSouth Korea's April exports to the US slumped to a near-six-year low — deepening Group III supply risks as Middle East flows stayed haltedSingapore's April imports temporarily eased regional pressure — but softer May exports pointed to the buffer starting to thin

Base Oils and Lubricants: Weekly Global Market Review - 22 May '26

<ul><li>Asia's supply outlook turned more mixed — elevated Singapore trade flows and high China output cushioned disruptions even as Taiwan and South Korea signalled tightening availability</li><li>China's high base oils output softened the impact of global disruptions domestically — but reliance on imported Group III left exposure to tighter overseas markets</li><li>Taiwan's April shipments fell to multi-month lows while May cargo flows stayed subdued — pointing to shrinking Asia export availability</li></ul>

Asia's supply outlook turned more mixed — elevated Singapore trade flows and high China output cushioned disruptions even as Taiwan and South Korea signalled tightening availabilityChina's high base oils output softened the impact of global disruptions domestically — but reliance on imported Group III left exposure to tighter overseas marketsTaiwan's April shipments fell to multi-month lows while May cargo flows stayed subdued — pointing to shrinking Asia export availability

Base Oils and Lubricants: Weekly Global Market Review - 15 May '26

<ul><li>Cargo of light and heavy-grade Group II base oils loaded from Taiwan in recent days before heading to Indonesia, set to arrive next week.</li><li>Taiwan’s base oils exports in first-half May remained lower than during the same period in March and April.</li><li>Singapore took delivery in the past week of a large shipment from northwest Europe that set off from that market in first-half March.</li></ul>

Cargo of light and heavy-grade Group II base oils loaded from Taiwan in recent days before heading to Indonesia, set to arrive next week.Taiwan’s base oils exports in first-half May remained lower than during the same period in March and April.Singapore took delivery in the past week of a large shipment from northwest Europe that set off from that market in first-half March.

Global Base Oils Cargo Flows: Week To 15 May

Thailand

IRPC is a leading integrated petroleum and petrochemical company, operating the first fully integrated petrochemical complex in Southeast Asia. It refines oil and produces petrochemical products, including various plastic resins, olefins, aromatics, lubricants, and asphalt, serving diverse industries. The company's operations are primarily located in Rayong Province, Thailand, and it was founded in 1978.

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IRPC (IRPC-R TB)

Krungthai XSpring Technical Eng. May 26, 2026

The SET rebounded in line with Asian stock markets amid growing hopes for an end to the conflict between the US and Iran.

Krungthai XSpring

Global Base Oils Cargo Flows: Week To 22 May

Cargo of Group II light and heavy-grade base oils loaded from Taiwan this week before heading to Vietnam, set to arrive in coming days. Taiwan’s...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 22 May '26

Asia's export cushion narrowed as South Korea, Taiwan and Singapore flows all weakened simultaneously — leaving global markets with less...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 15 May '26

Asia's supply outlook turned more mixed — elevated Singapore trade flows and high China output cushioned disruptions even as Taiwan and South...

Base Oil News

Global Base Oils Cargo Flows: Week To 15 May

Cargo of light and heavy-grade Group II base oils loaded from Taiwan in recent days before heading to Indonesia, set to arrive next week. Taiwan’s...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)