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 base oils price-premiums to gasoil recover amid lower crude oil prices.</li><li>Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.</li><li>Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.</li></ul>

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.

Asia base oils supply outlook: Week of 6 October

<ul><li>Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels.</li><li>Signs of healthy inventory levels in China and southeast Asia curb further any urgency to buy.</li><li>Reversal of crude oil prices back to their medium-term range erodes further any pressure on prices to rise in response to squeezed margins.</li></ul>

Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels.Signs of healthy inventory levels in China and southeast Asia curb further any urgency to buy.Reversal of crude oil prices back to their medium-term range erodes further any pressure on prices to rise in response to squeezed margins.

Asia base oils demand outlook: Week of 6 October

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 analysed the earning revision of component stocks of HSCEI in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC, Meituan, BYD, Tencent, Li Auto.</li>
</ul>


We analysed the earning revision of component stocks of HSCEI in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC, Meituan, BYD, Tencent, Li Auto.


HSCEI Index Earning Revision (Sep): Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart

<ul><li>Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices.</li><li>Any extension of crude oil prices holding at current levels or rising further would add to squeeze on base oils margins, especially for light grades.</li><li>Balanced-to-tight base oils supply would give refiners more leverage to respond to any sustained squeeze on margins.</li></ul>

Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices.Any extension of crude oil prices holding at current levels or rising further would add to squeeze on base oils margins, especially for light grades.Balanced-to-tight base oils supply would give refiners more leverage to respond to any sustained squeeze on margins.

Global base oils margins outlook: Week of 29 September

<ul><li>Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year.</li><li>Strength of Asia Group II prices curbs arbitrage flows from Asia to Americas so far this year.</li><li>Strength of Asia prices facilitates flows of base oils shipments from US to markets like UAE and India so far this year.</li></ul>

Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year.Strength of Asia Group II prices curbs arbitrage flows from Asia to Americas so far this year.Strength of Asia prices facilitates flows of base oils shipments from US to markets like UAE and India so far this year.

Global base oils arb outlook: Week of 29 September

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.

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PetroChina (857 HK)

Asia base oils supply outlook: Week of 6 October

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices. Firmer margins, and signs of crude prices mostly holding in lower...

Base Oil News

Asia base oils demand outlook: Week of 6 October

Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels. Signs of healthy inventory levels...

Base Oil News

HSCEI Index Earning Revision (Sep): Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart

We analyzed HSCEI's consensus for Sep 2025 and highlighted changes of EPS in Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC,...

Ke Yan, CFA, FRM

Global base oils margins outlook: Week of 29 September

Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices. Any extension of crude oil...

Base Oil News

Global base oils arb outlook: Week of 29 September

Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year. Strength of Asia Group II prices curbs arbitrage flows...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)