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168, now u are right, its 7.06. this morning's shortists horsey leow.
SPC going ballistic!! 7.3!
7.24...giddy up horsey!
Singapore complex refining margins rebounded to a 4-week high in the week ended Jul 4, partly due to strong middle distillates prices, a report released by Merrill Lynch showed Mon.
Complex refining margins in Singapore rose by US$1.54 to a 4-week high of US$12.63 a barrel, while simple refining margins were up US$2.41 at minus US$6.99 a barrel, the highest in 4 weeks, according to the report.
Middle distillates' refining margins rose sharply, especially for jet and kerosene.
"Despite signs of increasing supplies in Asia, the arbitrage window to Northwest Europe is wide open, given low supplies in the region," helping push up jet and kerosene's refining margins, the report said.
Jet and kerosene's refining margins rose US$5.11 to a 6-week high of US$41.11 a barrel, while gasoil's margins were up US$2.95 at US$40.68 a barrel.
Fuel oil's refining margins rebounded sharply, up US$4.53 at minus US$26.40 a barrel, the highest in 9 weeks, partly because "demand for fuel oil in the northern part of China looked healthy" as independent refiners boosted operating rates after the government raised domestic fuel prices, the report said.
Refining margins for light distillates, however, remained weak, partly due to ample supply and sluggish regional demand.
Gasoline's refining margins fell US$3.16 to US$7.90 a barrel, the lowest level in more than 18 months, while naphtha's spot margins were down US$2.58 at minus US$4.02 a barrel.
Complex refining margins in Singapore rose by US$1.54 to a 4-week high of US$12.63 a barrel, while simple refining margins were up US$2.41 at minus US$6.99 a barrel, the highest in 4 weeks, according to the report.
Middle distillates' refining margins rose sharply, especially for jet and kerosene.
"Despite signs of increasing supplies in Asia, the arbitrage window to Northwest Europe is wide open, given low supplies in the region," helping push up jet and kerosene's refining margins, the report said.
Jet and kerosene's refining margins rose US$5.11 to a 6-week high of US$41.11 a barrel, while gasoil's margins were up US$2.95 at US$40.68 a barrel.
Fuel oil's refining margins rebounded sharply, up US$4.53 at minus US$26.40 a barrel, the highest in 9 weeks, partly because "demand for fuel oil in the northern part of China looked healthy" as independent refiners boosted operating rates after the government raised domestic fuel prices, the report said.
Refining margins for light distillates, however, remained weak, partly due to ample supply and sluggish regional demand.
Gasoline's refining margins fell US$3.16 to US$7.90 a barrel, the lowest level in more than 18 months, while naphtha's spot margins were down US$2.58 at minus US$4.02 a barrel.
logical, so got chance do not miss boat 2morrow [at 7.00].
idesa168 ( Date: 07-Jul-2008 23:22) Posted:
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Today, I sold 2 liulian to an unknown bangali for $7.09. Wonder tomolo can buy back from him below $7.00 or not...hehehe!!! I dun mind collect a little profit from liulian to buy rambutan tomolo.
SPC is the only oil play in SGX, some say oil proxy, but I do not know exactly what it means. I felt that if CO trades slightly down, there are possibilities that SPC goes up the next day. However if CO is traded down very deep, like tonight, it's quite certain SPC will open lower. But all depends on the mkt sentiment tomolo. I am betting it's going down tomolo...my view.
can kindly give more of ur knowledge on "there is more to it n not as simple as it may seem", thks.
Livermore ( Date: 07-Jul-2008 23:10) Posted:
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What matters is not the cost of inputs (crude oil), or the revenues from their outputs (petrol, diesel etc) - it's always about the profit MARGINS.
Look back at its past yr annual reports... and watch the price action. Voila.
tis means spc's px wud go up even oil px down 2night, thks.
Applet123 ( Date: 07-Jul-2008 23:05) Posted:
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This everybody knows - SPC buy oil to make oil products
But there is more to it and not as simple as it may seem. Anyway the same applies to most companies who buy feedstock and make products
Applet123 ( Date: 07-Jul-2008 23:05) Posted:
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SPC buy oil to make oil products. If the price of oil goes down, it can buy oil cheaply and sell petrol based on the old oil price. All the refinery stocks in US has insider trades since June in anticipation of the drop in oil price.
C/O down 5.00/barrel, now at 140/barrel........so will spc px go down 2morrow???
Livermore ( Date: 07-Jul-2008 22:14) Posted:
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Don't end up eating rambutan huh
shall we wait??? result wud b out ard 21st. tis mth...still hv 2 wks.
will the liulian drop tomorrow, CO is down $2.50. I squatting for too long liao. Feel like buying these liulian but $7.00 a kg seems expensive and furthermore, not many ppl are buying leh, low volume.
lewlian songsong gao jurong..
cheong ah!!
Heard result out on 29 July
Can get to $8 or not?
Livermore ( Date: 07-Jul-2008 19:21) Posted:
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What's the target price to sell ? or hold for dividend, at Aug right ?
"Wu buay liew lian bo? Tan ku ku tan bo liao". Liew lian power!