AI
Wednesday, August 26, 2009 6:47:06 AM
CCGY: diesel price hike this Thursday
When the 'rumor' starts to emanate from w/in China, it's really not a rumor anymore. It's a fact that hasn't had official confirmation yet.
http://www.marketwatch.com/story/china-may-hike-gasoline-diesel-prices-thursday-report-2009-08-25
"China may raise gasoline and diesel prices by CNY500 a metric (ton) effective Thursday in response to gains in crude oil prices, domestic energy information portal C1 Energy reported Wednesday, quoting unnamed officials with the nation's major refiners."
Note that CCGY average selling price for biodiesel in the 2q09 was 3870/ton. So 500 CNY is material.
When the 'rumor' starts to emanate from w/in China, it's really not a rumor anymore. It's a fact that hasn't had official confirmation yet.
http://www.marketwatch.com/story/china-may-hike-gasoline-diesel-prices-thursday-report-2009-08-25
"China may raise gasoline and diesel prices by CNY500 a metric (ton) effective Thursday in response to gains in crude oil prices, domestic energy information portal C1 Energy reported Wednesday, quoting unnamed officials with the nation's major refiners."
Note that CCGY average selling price for biodiesel in the 2q09 was 3870/ton. So 500 CNY is material.
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