Since HengYuan is not going up alot my mother and pang72 mother went to squat in chow kit trying to earn some money. Our mothers ham ka leng as they were knocked down by a runaway lorry.This is our bad karma for disturbing some sifus.
that's why they can't handle slightest heat fools shorting an upward trend maybe they don't even have the fund to buy 100 shares only here being envious of you cant take it when you blackgold77 earn some money a bucket of crabs
I think crack dropped to 26$/brl now... its a volatile instrument. Always remember we only need $13/brl to give TP RM 24 at PE 5. Even it drops to $13, it will continue delivering more than RM 1 eps every quarter.... relax and look forward for Q2
Asia gasoline crack slides as S-Oil says Ulsan unit back online Refined Products
12 min ago
Asian gasoline cracks retreated from record highs at the start of the week after South Korea’s S-Oil announced it had resumed production at the No.2 residue fluidised catalytic cracking (RFCC) unit at its Onsan refinery after an explosion and fire last week.
The world’s fifth-largest refinery, a Thursday explosion at the 580,000 bpd site in Ulsan killed one and injured at least nine more. Investigations are underway as to its cause.
The incident meant gasoline cracks in Asia rocketed on Friday after S-Oil said that operations at several processing units had been suspended, but without providing details of which units may have been damaged.
Quantum data has showed the regional 92 RON spot crack to Brent hitting an all-time high of +$38.74/b on Friday.
However, the refining margin collapsed $8.64/b on Monday to +$30.10/b FOB Singapore after news of the restart emerged.
Sources said that if the blast had occurred in the RFCC, it would likely take months of repair work, creating a squeeze on gasoline supplies. The RFCC converts heavy fuels into lighter products, including gasoline.
But the prompt restart suggests there has been little damage to core units, hence Monday’s correction in Singapore gasoline cracks.
In addition to supplying domestic demand, the Saudi-operated plant also exports to Japan and southeast Asia, along with the Australian market, which is increasingly reliant on imports of gasoline and diesel after closing much of its refining capacity.
S-Oil said in the filing it plans to resume production at its No.1 paraxylene (PX) unit following scheduled maintenance between June 8 and July 15. It did not say if the petrochemicals processor had been damaged by the blast.
NIAMA!Who are typing with Curse mother/father/family, better watchout yea,do you believe karma? Just earning some pocket money needed to curse family? Please respect your ownself and think that you have mother/family too....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....