James Bond - is Hengyuan cracking and enjoying the spreads? Or just blending pending the completion of the projects? And how is domestic volume with the prolonged lock down?
Buy the dip again unfortunately. I think oil companies regardless of Chinese/local will be a better recovery play than Genting/hospitality/airlines. Focusing on oil and consumer discretionary
Right now, we are experiencing a "tech" euphoria. I don't buy the palm oil hype personally because I believe that palm oil futures trading is still not well-regulated. For commodities, I would go in crude and refineries. Oil demand will be back but the political risks and policy in Malaysia is drastically different than other countries. This is a long term hold. Apart from tech, I think oil and consumer discretionary F&B is the place to be. Hotels/airlines/casinos I don't like them
Down trend due to the economy and also very poor governance . 4 CEOs in 5 years. Keep changing. Now put a Piang in charge. All these years must be poor and wrong translation. Very dangerous to put an incompetent translator . All wrong.
The spread of the Delta variant and extreme weather contributed to a larger-than-expected slowdown in China’s economy in July, figures released Monday showed. Indicators of industrial, consumption and investment activity all showed growth retreating faster than expected and decelerating from June’s yearly growth rates.
Source: WSJ | Commodities
The data are a concern for commodity traders because China is the world’s largest importer of oil and a huge consumer of other raw materials such as copper. Weakness in China’s economy can quickly spread around the world, analysts say, particularly when travel patterns and supply chains are being disrupted as they are now due to the coronavirus.
2. Stronger US dollar increases costs of commodities for foreign buyers,
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apple168
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Posted by apple168 > 2021-07-28 14:48 | Report Abuse
天天阴跌一点,糟了!