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Thread: World Sneezes, China's Just Fine???
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[quote=MARRIE,277663]((I guess that the SINOPEC wants the government to allow them to raise the oil prices. This is impossible. A week ago, PetrolChina and SINOPEC submit their application to NDRC to lower the import tax on refined oil. It seems that they can't meet the domestic demand on oil. )) I read that with u$ rally, the pricing of oil future contracts is sliding. it's true government is asked lower import tarrrif in Korea and China. the question is if oil is in shortage or not, or if it's a fight between long side and short side in commody speculative mkt.[/quote]
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