Posted by probability > 2018-01-09 13:01 | Report Abuse

Excellent data presented by David..

For HY, more than Petrol, it is Diesel margin that matters most due to its higher yield. Any complex refinery can shift 8% of their yield between Diesel & Petrol.

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-09 13:05 | Report Abuse

Time to add more now? Stable at 17 range. Might go up higher to 24??

Posted by probability > 2018-01-09 13:07 | Report Abuse

Q1 Diesel margin is hitting new highs...

Posted by probability > 2018-01-09 13:12 | Report Abuse

Market is still unaware that the Diesel margins will skyrocket by 2020...due to IMO 2020 implementation.

Posted by probability > 2018-01-09 13:15 | Report Abuse

If my judgement is right, PetronM refinery will be closed after its upgrade announcement.

Posted by myongcc5 > 2018-01-09 13:27 | Report Abuse

Propylene is not direct fm refinery but fm petrochemical, so shud not included

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-09 13:31 | Report Abuse

hopefully, RM30 in 2 years time.

Posted by mrtai021 > 2018-01-09 13:38 | Report Abuse

The date of 2020 was agreed in amendments adopted in 2008. When those amendments were adopted, it was also agreed that a review should be undertaken by 2018 in order to assess whether sufficient compliant fuel oil would be available to meet the 2020 date. If not, the date could be deferred to 2025. That review was completed in 2016 and submitted to MEPC 70. The review concluded that sufficient compliant fuel oil would be available to meet the fuel oil requirements.

Posted by aeroguan > 2018-01-09 13:39 | Report Abuse

Thanks for the hardwork and sharing.

Posted by probability > 2018-01-09 14:22 | Report Abuse

The main reason for depressed refinery margins of HY earlier is due to Diesel crack spread which was suppressed by China's exports...not due to the Petrol.

China exports had come to a saturation... and now the steady demand rise is lifting the margins higher.

Posted by HENG YUAN PE 7 IS COMING!! > 2018-01-09 16:17 | Report Abuse

David, how you label hengyuan in your article?

Posted by stockraider > 2018-01-09 17:42 | Report Abuse

Great article David....!!

Posted by YLR33 > 2018-01-09 22:11 | Report Abuse

thanks David

Posted by mmk79 > 2018-01-09 22:37 | Report Abuse

Can't wait to read the other part of the article. Tks David.

Posted by George Leong > 2018-01-10 10:20 | Report Abuse

Thank you so much for sharing :)

Posted by probability > 2018-01-10 11:01 | Report Abuse

air asia growth has to match HY kerosene sales growth ma...

Posted by stockswizard > 2018-01-10 12:58 | Report Abuse

Say goodbye to HENGYUAN... Similar to Bitcoin, HENGYUAN will collapse soon.

U want LIMIT UP stock? Here we go: https://klse.i3investor.com/blogs/sridge/143765.jsp

Posted by 360Capitalist > 2018-01-10 14:00 | Report Abuse

Thank you for sharing

Posted by cuticuti > 2018-01-10 15:43 | Report Abuse

Good writeup. Thanks. Looking forward for the rest.

Posted by newbie5354 > 2018-01-10 20:57 | Report Abuse

Can show spread for Q3 QR?

Posted by newbie5354 > 2018-01-10 20:57 | Report Abuse

Why HRC down today despite David blog?

Posted by Babihutanding > 2018-01-10 20:58 | Report Abuse

Wait 15.50 first. Will rebound

Posted by stockraider > 2018-01-10 22:29 | Report Abuse

Don be a pondan loh.....!!

General Raider said the current normal trading range of Hengyuan is Rm 15.98 to Rm 18.98 loh.....!!

So today down Rm 0.08 is very normal....it is still under consolidation mah..!!

The TP of hengyuan is Rm 22.00 to Rm 42.00 loh....!!

If u r panicky...raider advice u this loh....if hengyuan drop below Rm 16.00, u lari kuat kuat loh...!!
If hengyuan by 31-3-2018.. still cannot exceed rm 19.00, u also lari kuat kuat loh..!!

Other than these conditions, u just dumb dumb hold....it will exceed rm 20.00 to reach rm 22.00 to rm 42.00 loh....!!

Trust the china fund buying power loh....!!

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-10 22:32 | Report Abuse

Why can't up? They waiting all idiots to sell

Posted by stockraider > 2018-01-10 22:52 | Report Abuse

Hengyuan average monthly future crack spread until dec 2018 still quite strong about USD 9 per barrel....about 2017 level or even slightly better loh...!!

So do not be mislead loh......!!

Posted by newbie5354 > 2018-01-13 17:05 | Report Abuse

Why no update after Jan'18 Brent Crude reach USD 70 but Ron 95 down 3 sen?

Posted by newbie5354 > 2018-01-13 17:19 | Report Abuse

sifus how to verify spread data is true? Can provide CME website link?

Posted by newbie5354 > 2018-01-13 17:26 | Report Abuse

How to relate 3 spread avg 11.232 to Q4 QR?

Posted by newbie5354 > 2018-01-15 10:43 | Report Abuse

No answer but selling how can?

Posted by jackfruit > 2018-01-15 11:32 | Report Abuse

Price fall because refinering margin had plunge to about 6 dollar a barrel.

Posted by andrewong > 2018-01-17 00:12 | Report Abuse

good article