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There is a difference between a business run by oil refinery and petrochemical companies which use feedstock like naptha. Petrochemical companies profit margains are being squeezed due to high feedstock prices for naptha and other oil by products which are produced by oil refineries.
yunglee ( Date: 30-May-2008 22:32) Posted:
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US and EU had proped into the possibility of CO manupulation in open market???? What next??? Should dump all holdings now before too late???? AK may consider to do that next week, though not many left. Your choice leow.
Potential people buy low for it. Hence, what you choice, u decide leow.
Margins hit as petrochem sector mourns end of boom - May 28, 2008 (SINGAPORE) Singapore's huge petrochemical industry has started to feel the pinch of a cyclical downturn in the past few months. And it's expected to drag on for four....
this thing was in the business time front page 2 days ago...
I call it "Peak Fall" movement in process.
L....., rising c/o px DOES NOT squeeze spc's margin n falling c/o px also DOES NOT increase spc's margin cos spc gets paid refining based on the nbr of barrels IRRESPECTIVE of the px of c/o.......divy (40 cts.... expected same as last yr wud b announced in july n another 20 cts also expected same as last yr, wud b announed in jan next yr) totalling expected same as last yr wud b 60cts.......based on px of, say $7, yield is 8.66% p.a.......so y not keep for such good yield.......just suggestion......decision is urs, of course.
L..... ( Date: 30-May-2008 18:27) Posted:
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SPC's upstream is v limited... mainly refining .. and if CO is down.. shldnt it be better for SPC? cos supply side is cheaper...
i thought rising CO squeeze SPC margin
.. with CO going down.. SPC go down is not acceptable using this analysis...
i think im giving up on SPC soon.... movement makes no sense..
once i see some green... im throwing it out and wait for lower to enter
maybe 5.5
u r right.........spc's profit is from refinering c/o, nothing 2 do with px of c/o...tt's y 2day tis counter good 4 shortists cos many ppl think c/o px down then spc's profit bcomes lower...knowledge is power n vice-versa....cheers.
L..... ( Date: 30-May-2008 09:46) Posted:
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A summary for today.
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DAMN i'm accurate..keke..
good money made for the weekend.. :)
ozone2002 ( Date: 30-May-2008 15:55) Posted:
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good qns.... dun think any1 can ans it correctly haha..... if drop below 6.90... the next aqns will be will it drop below 6.80.... well.... if CO price drop... won't it be better off for SPC since their raw material will be cheaper.... and STI will definitely be in Green
$6.90 broken. How much lower will it go?
Will it drop to below $6.90?
investor buy CO down tonite at DJ, if that happened, Next Mon will see more green in STI leow.
U may try to q 7 bits lower at last 30 secs, ref to near cloing price. If sway sway kena during preclosed time, but what happen next Mon this burger diarrhoea, lately this burger really weird, as L.... said. AK can't wait until that timing to see show, as friend invited me to attend her farewel function at my old workplace. Not retirement one, got promoted perhaps.
congrats, shortists of spc.
good entry??? or will it fall further???
as expected :)
ozone2002 ( Date: 30-May-2008 09:20) Posted:
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i think it is a mess now... shortist in action, whenver 1 bid down, there would be 100 lots on the buy up price to scare away the "contra"..
Very quiet today...
mrng ak
i seriously dont think spc moves in tandem with co lehhhh
we have seen many times co rocket and spc plunge.. spc is weird
till now i still dont know its trading pattern...