Posted by newbie8080 > 2018-05-03 22:41 | Report Abuse

Tun Dr M in ads(after 5th min)
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https://www.youtube.com/watch?v=VIwZ2RV9Iak

Posted by probability > 2018-05-03 23:08 | Report Abuse

The Next Big Threat For Chinese Oil Demand
By Matt Smith - Apr 30, 2018,

https://oilprice.com/Energy/Energy-General/The-Next-Big-Threat-For-Chinese-Oil-Demand.html

Posted by probability > 2018-05-03 23:09 | Report Abuse

A Bloomberg article about electric buses in China is getting a good amount of mileage (sorry), and rightly so, given its detrimental impact on product demand (hark, ~70kbd this year). While China increases its focus on electric vehicles and takes aim at fuel emissions, it is also becoming a bigger player in the global fuels market, as exports increase amid higher domestic refining activity.

China has been a net exporter of refined products for the past seven consecutive months, with a record pace of refinery runs leaving more available for export.

Here at the good ship Clipper, we have a partnership with Ursa, combining our flows data and their monitoring of inventories via satellite imagery to estimate Chinese refinery runs. We saw refinery runs hitting a record last month, and correspondingly net exports also reached a record:

Posted by probability > 2018-05-03 23:09 | Report Abuse

Subsequently, official Chinese data affirmed this record pace; based on our data, we expect April's rate to be similarly impressive.

The vast majority of product exports (~85 percent) remain within Asia, but we are seeing consistent deliveries further afield. The U.S. is one such destination, with jet fuel delivered to the U.S. West Coast in twelve of the last sixteen months. Deliveries to the Atlantic Coast are more rare, but we have seen a few deliveries of kerosene.

Our ClipperData show that the vast majority of Chinese refined products into the U.S. are middle distillates, although 302,000 bbls of CBOB was discharged at BP's Portland terminal in Oregon late last month.

Posted by probability > 2018-05-03 23:10 | Report Abuse

While refining activity and product exports rise, China is increasingly trying to keep domestic fuel emissions at bay. This recent article from The Economist highlights one way the Chinese government is using to cut down on pollution: license plates.

License plate lotteries exist across a number of Chinese cities, aimed at reining in both pollution and congestion. But the odds ain't good. In Beijing, the chance of winning one of the bi-monthly lotteries has dropped from 6 percent in 2011 to just 0.2 percent this year, given rising participation.
Related: China’s Oil Futures Are Gaining Momentum

Shanghai has been particularly shrewd, splitting its license plate allocations betwixt a lottery and an online auction. The city raised 12 billion yuan from auctions last year - accounting for 2 percent of its total revenues. With winning bids averaging 88,176 yuan ($14,022), in some instances, license plates ended up costing more than the cars themselves.

Posted by probability > 2018-05-03 23:10 | Report Abuse

Back to them buses, and it is estimated that electric buses are displacing around 70,000 bpd of global fuel demand this year, with that number set to rise in the coming years as the fleet grows.

China is leading the charge, accounting for about 99 percent of the 385,000 electric buses on the roads worldwide last year. Chinese cities are adding 9,500 buses every five weeks, the equivalent of London’s entire working fleet. Given the buses consume ~30 times more fuel than a car, their impact on fuel demand is much greater than individual vehicles.

On this basis, electrification of the transportation sector is going to continue nibbling away at global product demand, taking increasingly bigger bites.

Posted by qqq3 > 2018-05-03 23:10 | Report Abuse

so many questions, and by the end of the AGM so many answers.....


by one question still remains at end of AGM that is beyond the control of the BOD......then how come, no IB analyst is brave enough or interested enough to cover Hengyuan and no IB analyst is brave enough or interested enough to issue a strong buy on a company that is trading at PE 3?

Posted by qqq3 > 2018-05-03 23:15 | Report Abuse

probability > May 3, 2018 11:10 PM | Report Abuse

Back to them buse
==================


not a good answer because demand of petrol is still growing at 1 -5% pa for the forseeable future.

Posted by probability > 2018-05-03 23:35 | Report Abuse

""The vast majority of product exports (~85 percent) remain within Asia""

Posted by probability > 2018-05-03 23:39 | Report Abuse

""China has been a net exporter of refined products for the past seven (7) consecutive months, with a record pace of refinery runs leaving more available for export. ""

Posted by probability > 2018-05-03 23:43 | Report Abuse

http://www.xinhuanet.com/english/2018-04/29/c_137145177.htm

BEIJING, April 29 (Xinhua) -- China's commercial crude oil stocks fell 2.39 percent by the end of March, compared with a month earlier, while stocks of refined oil products edged down 0.55 percent.

The drop was a result of increasing processing volume, despite rises in imports and output, according to data compiled by Xinhua News Agency.

..............................................................

In March, China's exports of gasoline jumped 104.5 percent from the previous month.

Demand for diesel picked up as construction activities accelerated after winter ended. During the period, exports of diesel surged 150.7 percent.

Posted by qqq3 > 2018-05-04 02:38 | Report Abuse

probability


others have dug up statistics leading to the opposite conclusions.

goes to show...there are statistics and there are statistics.


depends on what you want.

Posted by joekit > 2018-05-04 07:22 | Report Abuse

dont worry dont worry...agm is coming...the board of hengyuan is very professional and knowledgeable. they can answer all your queries and doubts....no need overpanlai sendiri korek minyak....hhhhhh

Posted by joekit > 2018-05-04 08:06 | Report Abuse

aunty dragon no need so kancheong....BN sure win geh.....ok, now big problem is how to go back kampong voting? can i tumpang the kampong telor delivery van back home?

Posted by joekit > 2018-05-04 08:07 | Report Abuse

aunty dragon...aiyoyo....yamage...yapage...can i tumpang ur dragon fly me back kampong voting?

Posted by joekit > 2018-05-04 08:10 | Report Abuse

dragon is big pakatan saporter...ady korek almost 50 saporter....but never giv service Fly-me-back-free to give real support to voter? ur dragon backside so big...wing so big....can fly ma....

Posted by kentwoon > 2018-05-04 08:16 | Report Abuse

55-ph ,45-bn

Posted by joekit > 2018-05-04 08:23 | Report Abuse

smart kid kentwoon! welldone! u revive the members...

Dark Blue with dacing flag
1. Joekitkat
2. Lee Yo Yo
3. Dragonslayer (not a dragon is slay dragon one...likes to smell ms heng kuek kuek....and take freebies...)
4. Dragon ball
5. Dragonoid
6. Dragonslave
7. Dragonfruit
8. Dragonova
9. Dragonla
10. Dragonzila
11. Brapa banyak dragon laaaa
12. Suria perkasa hitam
13. Mighty Morphin Power Rangers
14. Professor Xavier from X men
15. Wolverine
16. Cyclops
17. Donald Trunk
18. Gaban Z potong dua
19. Nangka Santiaploi
20. Chee Ku Tinh
21. Lau Lean Wong
22. Kong Jiu Shu
23. Tai Look Muk
24. Santok Singh Ryder
25. Ah Loong Mat Sui aka Sui Gor
26. Cheng Tong Fun
27. Pang Chin Fei
28. Jun Yong
29. Sania Mirza
30. Thor
31. Wonder Woman
32. Robin Hood
33. Hang Bertuah
34. Hang Lekiu
35. Hang Lekir
36. Hang Li Po (puteri)
37. Hang pi mana!
38. Gorilla
39. Godzilla
40. Mozilla Firefox
41. Zilla Bakarin
42. (Nanti kalau ada idea)
43. Mok Kam Pei
44. Sally Wong Lai Yeh
45. Fok Hor Song
45. Ooi Chee Peng



100.

(Hehehe)

Posted by Tongkarat > 2018-05-04 08:42 | Report Abuse

Come come come.... Support light blue eye...

Posted by Tongkarat > 2018-05-04 08:46 | Report Abuse

Tough fight in Ayer Hitam Johor....my team and I need to work harder in Semarang areas....need to convert as many as possible to light blue eye.... Yong Peng areas strongly support light blue eye....

Posted by Tongkarat > 2018-05-04 08:47 | Report Abuse

Light blue eye.... Light blue eye.... Light blue eye

Posted by Tongkarat > 2018-05-04 08:48 | Report Abuse

Let support all the way for light blue eye... Ini Kali lahhhhh

Posted by Lee Yih Yeong > 2018-05-04 08:48 | Report Abuse

lawan tetap lawan.. after 509 masuk penjara again..why ...play back side

Posted by mneo > 2018-05-04 08:59 | Report Abuse

Actually on the contrary.... Shandong Hengyuan Petrochemical Co plan to trim the Shandong plant and turn it from refinery to chemical plant... If one read properly... HY Shandong want to expand higher-value chemicals business at its plant in China and not the refinery....



Chinese teapot refiner using Shell tie-up to launch overseas push

BEIJING (Reuters) - A Chinese private refiner that agreed to buy a stake in Royal Dutch Shell's (RDSa.L) Malaysia oil refinery will focus on expanding overseas while limiting domestic investment, the company's chairman told Reuters in an interview on Thursday

Shandong Hengyuan Petrochemical Co last month agreed to buy a 51 percent stake in Shell Refining Co Malaysia for $66.3 million, becoming one of China's few non-major refining firms that own an overseas refinery asset. Shell Refining's main asset is the 156,000 barrels-per-day refinery at Port Dickson that mainly provides fuel to the domestic market.

Facing a surplus in Chinese refining capacity, the Shandong firm wants to boost the trading of oil products by working with Shell, and also expand the higher-value chemicals business at its plant in the eastern province of Shandong, said Wang Youde, chairman of Hengyuan Petrochemical.
....

The firm will also apply for a refined fuel export quota, hoping to work with Shell to ship Chinese oil products abroad.

"Our first choice will be Shell, both for crude oil procurement and fuel exports," said Wang, adding Hengyuan is also considering expanding the crude terminal at Port Dickson.

Its Shandong plant, which now relies on trucks moving crude from ports to the refinery, will lean on chemicals instead of oil refining for future expansion, he said.

"On refining, we'll further trim the capacity...We may eventually stop as a refiner if our chemical part of the business becomes more established."


https://finance.yahoo.com/news/chinese-teapot-refiner-using-shell-075022009.html

Posted by mneo > 2018-05-04 09:10 | Report Abuse

ya...it is outdated but it is a fact....

Do you have the latest one from HY Shangdong which say that HY will plan to turn the PD port to storage facilities and export the oil from China to Malaysia? The new conspiracy theory is really just fantasy... if no new proven information....old news is still valid....

Posted by kentwoon > 2018-05-04 09:11 | Report Abuse

PH bull-55 vs BN bear 45.

Posted by mneo > 2018-05-04 09:14 | Report Abuse

Reading the following news below...

Beijing 'installs missiles' on South China Sea islands
Read more at https://www.channelnewsasia.com/news/asia/beijing--installs-missiles--on-south-china-sea-islands-10199684

can I come out with new hypothesis that China is going to invade South East Asia countries? LOL...

Posted by mneo > 2018-05-04 09:19 | Report Abuse

rare mineral..... are also rich in South China Sea...

Posted by mneo > 2018-05-04 09:22 | Report Abuse

Agreed...

dragonslayer posted 04/05/2018 09:18
Aiyo mneo..china Shandong refined oil cheaper than msia mah...theorectically...cannot export refine oil from PD to China also mah....cost wise...and ...Euro std in china is higher also mah....how to export to china....you tell me lah...wakakaka....kikiki

Posted by Lee Yih Yeong > 2018-05-04 09:51 | Report Abuse

hidup pakatan harapan....

Posted by Lee Yih Yeong > 2018-05-04 09:53 | Report Abuse

Teng Chang Yeow buy hengyuan share just now.

Posted by gsi723 > 2018-05-04 09:55 | Report Abuse

Nobody fry, become a boring stk now

Posted by Tongkarat > 2018-05-04 09:59 | Report Abuse

Thank you @titus @Lee Yih Yeong....

We would fight till the end.... Never say never... Light blue eye all the way....

Dragon should update the list...

Posted by Tongkarat > 2018-05-04 10:02 | Report Abuse

We would never give up.... We do not want Tun M efforts together with LKS to go down to waste.... They are working tirelessly to save the nation....

Light blue eye...

Posted by Lee Yih Yeong > 2018-05-04 10:07 | Report Abuse

alamak...last minute see the ceramah all full at pakatan harapan ..better jump before loss bet

Posted by GoodBoy > 2018-05-04 10:12 | Report Abuse

Go all out support Pakatan Harapan ... vote for PH in GE14 ... We want a democratic nation ...

Posted by JokerT > 2018-05-04 10:13 | Report Abuse

good news... i think can break 8.50 tp today

Posted by joekit > 2018-05-04 10:24 | Report Abuse

aiya....not many in hy now...alot goto play petronm ady becoz got dividend....after dividend they maybe come back hy lar...

Posted by titus > 2018-05-04 10:55 | Report Abuse

dragoon...i woke up long time ago...even b4 ur list......only u din realise...

Posted by GENERAL Raider > 2018-05-04 11:00 | Report Abuse

BN BN BN BN BN BN

Posted by apolloang > 2018-05-04 11:02 | Report Abuse

PH PH PH PH PH PH

Posted by stockraider > 2018-05-04 11:05 | Report Abuse

Market is falling in preparation of high chance of PH wins loh...!!

Posted by itch > 2018-05-04 11:09 | Report Abuse

Tongkarat,

Yesterday was at Lembah Pantai ceramah at Kerinchi... the heart of the working class malays. The turn out and support for Tun Mahathir was amazing! The tide is really turning. Semestinya...ini kali lah!!!

Posted by GoodBoy > 2018-05-04 11:10 | Report Abuse

Our Mother (Malaysia) is terribly sick now ... Our Mother is infected with disease now ... Our beloved anank2 Malaysia pls contribute your precious time, effort n money to take care of our Mother ... Pakatan Harapan is the specialist to cure the infectious disease ... support PH ... vote PH ... convince others to vote PH ... a little effort from everyone means a lot to our Mother n our beloved future generation ... cheers ...

Posted by apolloang > 2018-05-04 11:12 | Report Abuse

what BN does,PH can do better for the country.if u no believe just vote PH for a change

Posted by GENERAL Raider > 2018-05-04 11:14 | Report Abuse

why said i fake 1 ?????? kns

Posted by itch > 2018-05-04 11:14 | Report Abuse

dragon will soon be added to the light blue list soon... 5 more days...what are u waiting for ??? Kikiki

Posted by GoodBoy > 2018-05-04 11:25 | Report Abuse

Dragon ... keep up the good work ... u hv great integrity ... U can be the next chief of MACC SPR IGP n etc ... cheers ...

Posted by titus > 2018-05-04 11:26 | Report Abuse

dragoon not want t be neutral. Only scared later kena tangkap. if the gomen come into power, the above list will become rebel list like in those chinese movies. Will get hunted down. So dragoon got no balls to put his name there loh.

Posted by joekit > 2018-05-04 11:30 | Report Abuse

smart kid kentwoon! welldone! u revive the members...

Dark Blue with dacing flag
1. Joekitkat
2. Lee Yo Yo
3. Dragonslayer (not a dragon is slay dragon one...likes to smell ms heng kuek kuek....and take freebies...)
4. Dragon ball
5. Dragonoid
6. Dragonslave
7. Dragonfruit
8. Dragonova
9. Dragonla
10. Dragonzila
11. Brapa banyak dragon laaaa
12. Suria perkasa hitam
13. Mighty Morphin Power Rangers
14. Professor Xavier from X men
15. Wolverine
16. Cyclops
17. Donald Trunk
18. Gaban Z potong dua
19. Nangka Santiaploi
20. Chee Ku Tinh
21. Lau Lean Wong
22. Kong Jiu Shu
23. Tai Look Muk
24. Santok Singh Ryder
25. Ah Loong Mat Sui aka Sui Gor
26. Cheng Tong Fun
27. Pang Chin Fei
28. Jun Yong
29. Sania Mirza
30. Thor
31. Wonder Woman
32. Robin Hood
33. Hang Bertuah
34. Hang Lekiu
35. Hang Lekir
36. Hang Li Po (puteri)
37. Hang pi mana!
38. Gorilla
39. Godzilla
40. Mozilla Firefox
41. Zilla Bakarin
42. (Nanti kalau ada idea)
43. Mok Kam Pei
44. Sally Wong Lai Yeh
45. Fok Hor Song
45. Ooi Chee Peng
46. Ta Lah Gon
47. Dragonathan s/o Sivabalam
48. Nagamala d/o Sivabalam



100.

(Hehehe)