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 Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.</li><li>The technical signals remain in a downtrend, and the index could decline further to 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low), respectively.</li><li>External factors remain slightly negative. Although the Israel-Iran war has not escalated, concerns persist after President Trump called for an evacuation from Tehran. </li></ul>

The SET Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.The technical signals remain in a downtrend, and the index could decline further to 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low), respectively.External factors remain slightly negative. Although the Israel-Iran war has not escalated, concerns persist after President Trump called for an evacuation from Tehran. 

KTX Zoom: Trump Calls for an Evacuation from Tehran; All Eyes on BoJ Meeting

<ul><li>The SET Index is expected to weaken, with the support levels at 1,114/1,105 points and the resistance at 1,130/1,135 points.</li><li>The technical signals remain in a downtrend (last week showed potential for a rebound, but the index failed to break above 1,144 points).</li><li>If the index falls below 1,114 points, it will reflect downside risk toward 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low).</li></ul>

The SET Index is expected to weaken, with the support levels at 1,114/1,105 points and the resistance at 1,130/1,135 points.The technical signals remain in a downtrend (last week showed potential for a rebound, but the index failed to break above 1,144 points).If the index falls below 1,114 points, it will reflect downside risk toward 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low).

KTX Zoom: Risk-Off Sentiment Emerging Due to the Middle East War, Weighing on Risk Assets

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 margins fall as feedstock/competing fuel prices surge.</li><li>Sharp fall in base oils margins reflect impact of higher crude/diesel prices rather than any sudden change in base oils supply-demand fundamentals.</li><li>Fall in base oils margins comes at a time of year when supply-demand fundamentals are already starting to face downward pressure.</li></ul>

Global base oils margins fall as feedstock/competing fuel prices surge.Sharp fall in base oils margins reflect impact of higher crude/diesel prices rather than any sudden change in base oils supply-demand fundamentals.Fall in base oils margins comes at a time of year when supply-demand fundamentals are already starting to face downward pressure.

Global base oils margins outlook: Week of 16 June

<ul><li>US Group III 4cSt base oils price rises in June to highest level in almost nine months.</li><li>US Group III 4cSt price rises relative to Group II base oils, relative to feedstock prices and relative to other regions.</li><li>US Group III price-strength coincides with tighter global Group III supply-demand fundamentals and growing number of signals reflecting those tighter fundamentals.</li></ul>

US Group III 4cSt base oils price rises in June to highest level in almost nine months.US Group III 4cSt price rises relative to Group II base oils, relative to feedstock prices and relative to other regions.US Group III price-strength coincides with tighter global Group III supply-demand fundamentals and growing number of signals reflecting those tighter fundamentals.

Global base oils arb outlook: Week of 16 June

<ul><li>Asia base oils prices slide relative to crude and gasoil prices, triggering fall in margins.</li><li>Size and speed of drop in base oils premium to crude/gasoil complicates production and procurement plans.</li><li>Any signs of crude oil prices holding at more elevated levels for longer, and base oils margins at lower levels for longer, could put pressure on refiners to cut output.</li></ul>

Asia base oils prices slide relative to crude and gasoil prices, triggering fall in margins.Size and speed of drop in base oils premium to crude/gasoil complicates production and procurement plans.Any signs of crude oil prices holding at more elevated levels for longer, and base oils margins at lower levels for longer, could put pressure on refiners to cut output.

Asia base oils supply outlook: Week of 16 June

Thailand

PTT Public Company Limited operates as an oil and gas company. The Company produces, transports, and sells natural gas, crude oil, lubricants, aviation and marine, and petrochemical products. PTT offers fleet cards, storage, electronic bill presentment, and other related services. PTT serves customers in Thailand.

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KTX Zoom: Trump Calls for an Evacuation from Tehran; All Eyes on BoJ Meeting

The SET Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.

Krungthai XSpring

KTX Zoom: Risk-Off Sentiment Emerging Due to the Middle East War, Weighing on Risk Assets

The technical signals remain in a downtrend (last week showed potential for a rebound, but the index failed to break above 1,144 points).

Krungthai XSpring

Global base oils margins outlook: Week of 16 June

Global base oils margins fall as feedstock/competing fuel prices surge. Sharp fall in base oils margins reflect impact of higher crude/diesel...

Base Oil News

Global base oils arb outlook: Week of 16 June

US Group III 4cSt base oils price rises in June to highest level in almost nine months. US Group III 4cSt price rises relative to Group II base...

Base Oil News

Asia base oils supply outlook: Week of 16 June

Asia base oils prices slide relative to crude and gasoil prices, triggering fall in margins. Size and speed of drop in base oils premium to...

Base Oil News

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