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 advanced against declines in other Asian markets, which were pressured by concerns over the ongoing Middle East conflict.</li><li>Gains were driven by DELTA’s surge to a new high and a rebound in the PTT group, lifting the index closer to the 1,500 level. However, the overall outlook remains relatively stable.</li><li>We expect the index to test the 1,500-point resistance, supported by a strong bullish price pattern. We therefore recommend selective speculation.</li></ul>

The SET advanced against declines in other Asian markets, which were pressured by concerns over the ongoing Middle East conflict.Gains were driven by DELTA’s surge to a new high and a rebound in the PTT group, lifting the index closer to the 1,500 level. However, the overall outlook remains relatively stable.We expect the index to test the 1,500-point resistance, supported by a strong bullish price pattern. We therefore recommend selective speculation.

Krungthai XSpring Technical Eng. April 10, 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>Americas demand rose year on year for a seventh month as surging US consumption offset a drop in Latin America demand for a third month.</li><li>Rising demand contrasted with a fall in Americas supply.</li><li>Europe’s lubricants demand fell for a third month, but at a slower pace than the fall in base oils supply.</li></ul>

Americas demand rose year on year for a seventh month as surging US consumption offset a drop in Latin America demand for a third month.Rising demand contrasted with a fall in Americas supply.Europe’s lubricants demand fell for a third month, but at a slower pace than the fall in base oils supply.

Global Base Oils Supply-Demand Balance Tightens In January

<ul><li>Asia’s January base oils supply, including China, rose to the highest in more than five years, with the December volume the second highest during that period.</li><li>Americas’ base oils supply fell to a five-month low as US output dipped.</li><li>Europe’s base oils supply rose to a four-month high but fell by more than 10% year on year and for a fifth straight month.</li></ul>

Asia’s January base oils supply, including China, rose to the highest in more than five years, with the December volume the second highest during that period.Americas’ base oils supply fell to a five-month low as US output dipped.Europe’s base oils supply rose to a four-month high but fell by more than 10% year on year and for a fifth straight month.

Global Base Oils Supply Near Multi-Year High In January

<ul><li>Middle East supply disruptions begin to feed through, with Singapore's exports falling to a two-year low in the month to 8 April</li><li>Last pre-disruption Middle East cargoes reach the US Gulf coast, with no new Group III loadings since late February</li><li>Spain and Indonesia's steady Group III flows point to limited capacity to fill the Middle East supply gap</li></ul>

Middle East supply disruptions begin to feed through, with Singapore's exports falling to a two-year low in the month to 8 AprilLast pre-disruption Middle East cargoes reach the US Gulf coast, with no new Group III loadings since late FebruarySpain and Indonesia's steady Group III flows point to limited capacity to fill the Middle East supply gap

Base Oils and Lubricants: Weekly Global Market Review - 10 Apr '26

<ul><li>Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April.</li><li>Taiwan’s cargo-loadings remained relatively steady through first-half April, in line with the same period in March.</li><li>Singapore’s base oils exports over the past week fell to the second lowest level in more than a year, following an even steeper weekly drop at end-March.</li></ul>

Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April.Taiwan’s cargo-loadings remained relatively steady through first-half April, in line with the same period in March.Singapore’s base oils exports over the past week fell to the second lowest level in more than a year, following an even steeper weekly drop at end-March.

Global Base Oils Cargo Flows: Week To 10 April

India

Savita Oil Technologies is an Indian manufacturer of specialty petroleum products, including transformer oils, white oils, liquid paraffins, and automotive and industrial lubricants. The company also operates a renewable energy division with wind power plants. It is headquartered in Mumbai, Maharashtra, India, and was founded in 1961.

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Savita Oil Technologies (STEC IN)

Krungthai XSpring Technical Eng. April 10, 2026

The SET advanced against declines in other Asian markets, which were pressured by concerns over the ongoing Middle East conflict.

Krungthai XSpring

Global Base Oils Supply-Demand Balance Tightens In January

Americas demand rose year on year for a seventh month as surging US consumption offset a drop in Latin America demand for a third month. Rising...

Base Oil News

Global Base Oils Supply Near Multi-Year High In January

Asia’s January base oils supply, including China, rose to the highest in more than five years, with the December volume the second highest during...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 10 Apr '26

Middle East supply disruptions begin to feed through, with Singapore's exports falling to a two-year low in the month to 8 April Last...

Base Oil News

Global Base Oils Cargo Flows: Week To 10 April

Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April. Taiwan’s...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)