Fundamental analysis by بورسی های گیلان about Stock شسپا on 12/4/2023

Global analysis of base oil 🔷 The price of FOB Iran base oil was traded at $790 per ton with an average price reduction. 🔷 in eastern and northeastern regions Asia< /a>, we see a decrease in the price of various grades of base oil. Of course, grades 2 and 3 experienced a smaller price drop due to the decrease in imports and the subsequent decrease in supply. 🔷 In India, we also see a sharp reduction in the price of all grades. Grade 1 due to the increase in domestic production and grades 2 and 3 due to the increase in imported supply and decrease in demand in all grades are on the downward path of price. 🔷 Demand is also weak in the Middle East. Grade 1 and 3 experienced a price decrease and grade 2 base oil experienced a smaller price decrease and was relatively stable due to lack of inventory. 🔷 The lowest price of SN150 grade (Grade 1) FOB Baltic Sea is $625 per ton, and the highest price is N600 grade (Grade 2) FOB Europe at $1374 per ton. #Shespa #Sharanel #Shabehren #Shenft