I am not worry too much because I believe oil palm stocks will not be like gloves last year even if Ukraine surrenders to Russia by negotiation in coming days or months.
Exports of Malaysian palm oil products for May jumped more than 20% to around 1,361,634 tonnes from 1,112,578 tonnes shipped during April, according to independent inspection company AmSpec Agri Malaysia.
Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!
Same thing is applicable for refinery loh! Why Refinery Crack Spread at stubbornly high price leh ??
This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!
Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!
As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!
Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!
Posted by CharlesT > 1 minute ago | Report Abuse
Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good
Lets c if dreams can come true n all will be hand in hand laughing to the banks
Predictive pattern show pullback is between 61 n 78 fib retr(weekly) Price have crossed below 61 fib - 10 to 30 sen near zone area To buy - wait MAcd crossover (hourly) Scalping?
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Posted by tinojuan71 > 2022-05-31 19:56 | Report Abuse
Backside pain every night, cannot sleep well