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valuemind

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valuemind

Re: None

Thursday, 07/21/2005 10:23:28 AM

Thursday, July 21, 2005 10:23:28 AM

Post# of 174024
A way to benefit from Chiense yuan appreciation

Though only apprecated 2.34% from $8.3 to $8.11 as announced this morning, Chinese yuan is on the way to appreciate 10-20% within a few months. It is especially good for Chinese refining firms like jcc and shi as they get revenue in yuan and pay crude oil in us dollar. jcc is slightly better positioned as it gets more local revenue.

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