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 prices mostly fall relative to feedstock/competing fuel prices, with export values under more pressure.</li><li>Even at lower levels, price-differentials mostly hold at levels that sustain incentive for refiners to maintain output of most base oils grades.</li><li>FOB Asia base oils cargo prices hold steady versus Singapore gasoil.</li></ul>

Global base oils prices mostly fall relative to feedstock/competing fuel prices, with export values under more pressure.Even at lower levels, price-differentials mostly hold at levels that sustain incentive for refiners to maintain output of most base oils grades.FOB Asia base oils cargo prices hold steady versus Singapore gasoil.

Global base oils margins outlook: Week of 4 August

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 analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 61.4% as of Aug 1st.</li>
<li>The average A-H premium changed by 3.6ppt week-on-week, led by real estate, consumer staples, health care and offset by materials.</li>
<li>We highlight weekly changes in A-H premium for China Telecom, CIMC, Anjoy Food, China Everbright Bank, Zhengzhou Coal Mining Machinery, BYD.</li>
</ul>


We analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 61.4% as of Aug 1st.
The average A-H premium changed by 3.6ppt week-on-week, led by real estate, consumer staples, health care and offset by materials.
We highlight weekly changes in A-H premium for China Telecom, CIMC, Anjoy Food, China Everbright Bank, Zhengzhou Coal Mining Machinery, BYD.


A-H Premium Weekly (Aug 1st): China Telecom, CIMC, Anjoy Food, China Everbright Bank

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine.</li>
<li>We tabulate the top stocks by inflows, outflows, and holding by mainland investors.</li>
<li>We highlight flows of CCB, China Life, SMIC, Meituan, China Mobile.</li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine.
We tabulate the top stocks by inflows, outflows, and holding by mainland investors.
We highlight flows of CCB, China Life, SMIC, Meituan, China Mobile.


Hong Kong Connect Flows (July): Near $15bn Inflows

<ul><li>Asia’s heavy-grade base oils prices hold at elevated levels vs Singapore gasoil, even if lower than in Q2 2025.</li><li>Firm heavy-grade margins sustain incentive for refiners to maintain output, even amid signs of pick-up in surplus supplies.</li><li>Asia’s Group II heavy-grade prices hold at levels that keep open arbitrage from US and keep shut arbitrage to Americas.</li></ul>

Asia’s heavy-grade base oils prices hold at elevated levels vs Singapore gasoil, even if lower than in Q2 2025.Firm heavy-grade margins sustain incentive for refiners to maintain output, even amid signs of pick-up in surplus supplies.Asia’s Group II heavy-grade prices hold at levels that keep open arbitrage from US and keep shut arbitrage to Americas.

Asia base oils supply outlook: Week of 28 July

<ul><li>India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025.</li><li>India’s rising price-differential for Group I SN 500 follows drop in availability of the supplies from Iran especially in recent months.</li><li>India’s imports of Group I heavy neutrals fall to eighteen-month low in June 2025, mostly because of drop in supplies from Middle East.</li></ul>

India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025.India’s rising price-differential for Group I SN 500 follows drop in availability of the supplies from Iran especially in recent months.India’s imports of Group I heavy neutrals fall to eighteen-month low in June 2025, mostly because of drop in supplies from Middle East.

Global base oils arb outlook: Week of 28 July

China

Sinopec Oilfield Service Corporation provides oilfield services. The services include geophysics, drilling engineering, logging and mud logging, special downhole operations, engineering construction, oil field service and offshore oil projects.

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Sinopec Oilfield Service H (1033 HK)

Global base oils margins outlook: Week of 4 August

Global base oils prices mostly fall relative to feedstock/competing fuel prices, with export values under more pressure. Even at lower levels,...

Base Oil News

A-H Premium Weekly (Aug 1st): China Telecom, CIMC, Anjoy Food, China Everbright Bank

We analyzed A-H premium changes in the past week and highlight A-H premium changes for China Telecom, CIMC, Anjoy Food, China Everbright Bank,...

Ke Yan, CFA, FRM

Hong Kong Connect Flows (July): Near $15bn Inflows

We estimate inflows to the HK shares from mainland investors amount to US$14.5bn in July. We highlight flows for CCB, China Life, SMIC, Meituan,...

Ke Yan, CFA, FRM

Asia base oils supply outlook: Week of 28 July

Asia’s heavy-grade base oils prices hold at elevated levels vs Singapore gasoil, even if lower than in Q2 2025. Firm heavy-grade margins sustain...

Base Oil News

Global base oils arb outlook: Week of 28 July

India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025. India’s rising...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)