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Thursday, May 20, 2010 4:56:33 AM
System mentioned here
China has now adjusted prices nine times since introducing a mechanism in December 2008 that allows the government to revise prices when crude-oil costs change more than 4 percent over 22 working days.
Can't see news stories that prices in china are changing - perhaps good news isn't news worthy?
http://www.businessweek.com/news/2010-04-13/china-raises-diesel-gasoline-prices-4-6-on-crude-update1-.html
Personally, not bothered as we're not, exactly, priced for perfection. We're halfway thorough Q4 so they can try and minimise the inventory.
rich
China has now adjusted prices nine times since introducing a mechanism in December 2008 that allows the government to revise prices when crude-oil costs change more than 4 percent over 22 working days.
Can't see news stories that prices in china are changing - perhaps good news isn't news worthy?
http://www.businessweek.com/news/2010-04-13/china-raises-diesel-gasoline-prices-4-6-on-crude-update1-.html
Personally, not bothered as we're not, exactly, priced for perfection. We're halfway thorough Q4 so they can try and minimise the inventory.
rich
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