Fundamental analysis by بورسی های گیلان about Stock شسپا on 11/27/2023

Global analysis of base oil 🔷 The price of FOB Iran base oil was traded at 845 dollars per ton without changing the average price. 🔷 demand in Northeast Asia is extremely weak and the producers have reduced their production and in order to avoid the high accumulation of inventory -and-sell-share-goods' target='_blank'>goods are operating at a low operating rate in the last months of the year. 🔷 In India, we also see a sharp decrease in the price of grade 1. The reason for this is mainly due to the decrease in the price of oil and diesel. The price of grade 3 base oil has also dropped sharply, which is caused by a sharp increase in supply in order to reduce the inventory of manufacturers. 🔷 In the Middle East and Europe, the situation is similar to India and China. Prices have fallen and demand is extremely weak. We also see a very large supply of grade one base oil. 🔷 The lowest price of SN150 grade (Grade 1) FOB Baltic Sea is $630 per ton, and the highest price is N600 grade (Grade 2) FOB Europe at $1374 per ton. #Shespa #Sharanel #Shabehren #Shenft