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 demand could ease, with buyers having already covered requirements for peak-demand season in month of March.</li><li>Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.</li><li>Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.</li></ul>

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March.Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.

Asia base oils demand outlook: Week of 17 March

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>Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.</li><li>In addition, electronic stocks saw slight gains.</li><li>These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.</li></ul>

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.In addition, electronic stocks saw slight gains.These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.

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 Mar 14th.We estimate that they had an aggregated short interest worth USD1.9bn.</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, Carabao.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 14th.We estimate that they had an aggregated short interest worth USD1.9bn.
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, Carabao.


Thailand Short Interest Weekly (Mar 14th): Advanced Info Service, Carabao

<ul><li>The SET initially attempted to rebound, following the positive momentum of most Asian bourses, which benefited from lower- than-expected US. CPI data.</li><li>However, concerns over Trump-era tariffs and ongoing trade tensions between the US and other nations weighed on sentiment, leading to retreats in both the Tokyo and Hong Kong markets.</li><li>This also put pressure on the SET Index, despite gains in stocks like DELTA, ADVANC, GULF, INTUCH, and tourism-related shares.</li></ul>

The SET initially attempted to rebound, following the positive momentum of most Asian bourses, which benefited from lower- than-expected US. CPI data.However, concerns over Trump-era tariffs and ongoing trade tensions between the US and other nations weighed on sentiment, leading to retreats in both the Tokyo and Hong Kong markets.This also put pressure on the SET Index, despite gains in stocks like DELTA, ADVANC, GULF, INTUCH, and tourism-related shares.

<ul><li>The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.</li><li>Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.</li><li>Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.</li></ul>

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.

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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PTT PCL (PTT TB)

Asia base oils demand outlook: Week of 17 March

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March. Typical slowdown in...

Base Oil News

Technical Analysis - MARCH 17, 2025

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving...

Krungthai XSpring

Thailand Short Interest Weekly (Mar 14th): Advanced Info Service, Carabao

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

Ke Yan, CFA, FRM

Technical Analysis - MARCH 14, 2025

The SET initially attempted to rebound, following the positive momentum of most Asian bourses, which benefited from lower- than-expected US. CPI data.

Krungthai XSpring

Technical Analysis - MARCH 13, 2025

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.

Krungthai XSpring

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