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>US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.</li><li>US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.</li><li>US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.</li></ul>

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.

Global base oils arb outlook: Week of 20 October

<ul>
<li>Global base oils margins rise in response to increasingly lower crude oil prices.</li>
<li>Mostly-steady outright prices magnify impact of lower crude oil prices.</li>
<li>Firmer margins and steady outright prices point to stronger-than-usual fundamentals for the time of year.</li>
</ul>


Global base oils margins rise in response to increasingly lower crude oil prices.
Mostly-steady outright prices magnify impact of lower crude oil prices.
Firmer margins and steady outright prices point to stronger-than-usual fundamentals for the time of year.


Global base oils margins outlook: Week of 20 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 analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 61.1% as of Oct 17th.</li>
<li>The average A-H premium changed by 3.0ppt week-on-week, led by information technology, real estate, materials.</li>
<li>We highlight weekly changes in A-H premium for Hua Hong Semiconductor, Sinotrans, Shanghai Junshi Biosciences, China Southern Airlines.</li>
</ul>


We analyse the changes of A-H premium on 157 stocks over the last week. The average A-H premium was 61.1% as of Oct 17th.
The average A-H premium changed by 3.0ppt week-on-week, led by information technology, real estate, materials.
We highlight weekly changes in A-H premium for Hua Hong Semiconductor, Sinotrans, Shanghai Junshi Biosciences, China Southern Airlines.


A-H Premium Weekly (Oct 17th): Hua Hong Semiconductor, Sinotrans, Shanghai Junshi Biosciences

<ul><li>Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy.</li><li>Any need to move surplus supplies to markets beyond Asia could put pressure on adjustment in prices to make those shipments more feasible.</li><li>Any such moves, and the subsequent prospect of additional price-pressure, could add to attraction of procuring smaller volumes more frequently.</li></ul>

Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy.Any need to move surplus supplies to markets beyond Asia could put pressure on adjustment in prices to make those shipments more feasible.Any such moves, and the subsequent prospect of additional price-pressure, could add to attraction of procuring smaller volumes more frequently.

Asia base oils demand outlook: Week of 13 October

<ul><li>Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range.</li><li>Firm gasoil premium to crude oil puts more pressure on refiners to trim light-grade supply rather than heavy grades, despite persistent surplus availability of heavy grades.</li><li>Asia’s base oils supply-surplus could face more upward pressure over coming months, even with firmer gasoil premium to crude, amid lighter round of plant-maintenance and start-up of new base oils units.</li></ul>

Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range.Firm gasoil premium to crude oil puts more pressure on refiners to trim light-grade supply rather than heavy grades, despite persistent surplus availability of heavy grades.Asia’s base oils supply-surplus could face more upward pressure over coming months, even with firmer gasoil premium to crude, amid lighter round of plant-maintenance and start-up of new base oils units.

Asia base oils supply outlook: Week of 13 October

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 arb outlook: Week of 20 October

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year. US Group II base...

Base Oil News

Global base oils margins outlook: Week of 20 October

Global base oils margins rise in response to increasingly lower crude oil prices. Mostly-steady outright prices magnify impact of lower crude oil...

Base Oil News

A-H Premium Weekly (Oct 17th): Hua Hong Semiconductor, Sinotrans, Shanghai Junshi Biosciences

We analyzed A-H premium changes in the past week and highlight A-H premium changes for Hua Hong Semiconductor, Sinotrans, Shanghai Junshi...

Ke Yan, CFA, FRM

Asia base oils demand outlook: Week of 13 October

Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy. Any need to move surplus...

Base Oil News

Asia base oils supply outlook: Week of 13 October

Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range. Firm gasoil premium to crude oil puts more pressure on refiners...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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