iBankCoin
Home / 2011 (page 600)

Yearly Archives: 2011

Japan’s Refining Capacity Still Crippled

Refining margins are up 53% since Thursday. Of Japan’s 4.3m b/d of capacity, Morgan Stanley is suggesting just 1.4m b/d is offline. Moreover, because of the extensive damage to the refineries at JX and Cosmo, supply is likely to remain offline for an extended period of time.

At the present, due to Japan’s nuclear power plants turning the Northeast corridor of its country into a wasteland, they will need to import at least 317b b/d of oil and 2.1bcm of gas. They will use said fossil fuels to restart their thermal power plants, now idle at 26% capacity (oil) and 57% (gas). In order to afford their citizens with electricity, and other such luxuries, they will likely bring capacity up to 70% and 65%, respectively.

Hence the need for foreign oil.

Comments »

Crack Spreads Moderating

In Tuesday’s session, crack spreads fell by more than 6%, as investors liquidated any and all commodities. During tonight’s session, thus far, the spreads are working against the interests of the refiners, down 1.3% to $22. With oil rising nearly 1% and gasoline and heating oil up less than 0.3%, the greaseballs over at VLO and WNR will need magic wands and hypnotism machines to keep investors faithful.

Crack spreads hit a high of $25 yesterday.

Comments »

Profit Margins at 18 Year Highs

Despite prognostications of the world ending inside of a nuclear cloud, U.S. corporations are in the midst of a profitable renaissance. Margins are expected to climb by 8.9% in 2011, allowing CEO’s to raise dividends.

However, it’s worth noting, they have little to no interest in hiring lazy Americans to make their cheap goods. They much prefer the slave camps at FOXCONN to man the whip.

New U.S. labor pool, FOXCONN Factory: Shenzen, China

Comments »

How Bad Will the Tech Supply Chain Be Damaged by Japan’s Disaster ?

Companies like MaxLinear, DTS, & Rambus get well over 35% of their revenues from Japan. All sorts of companies producing audio visual components, basic electronic components, automotive,  and about 19% of the semiconductor industry get their supplies from Japan.

Lastly 60% of the worlds silicon supply comes from Japan. This will no doubt raise prices across the board and effect margins.

Article on Global Supply Chains

Semiconductor report

Overview on technology hit by Japan’s quake

Comments »

And Another Chinese Trading Halt: SDTH

I am convinced; they are all scams.

The NASDAQ Stock Market® (Nasdaq:NDAQ) announced today that the trading halt status in ShengdaTech, Inc. (Nasdaq:SDTH) was changed to “additional information requested” from the company. Trading in the company’s stock had been halted on March 15, 2011 at 7:55:20 a.m. Eastern Time for “news pending” at a last sale price of $3.551. Trading will remain halted until ShengdaTech, Inc. has fully satisfied NASDAQ’s request for additional information. “

Comments »

Will Japan Have a Banking Crisis ?

Analysis conducted points to banks like 77Bank which lends to 50% of the property market in the hardest hit city Sendai.

According to Warren Buffet this is a super catastrophe. That comment was in relation to FNM & FRE, but it has come about for Japanese banks…

Full Article

Comments »

Solar Stocks Soar

Based on the newly founded hatred for nuclear bombs posing as power plants, investors are bidding up solar names.

SPWRA +10%

TSL +9%

CSIQ +9%

STP +8%

LDK +8%

YGE +8%

JASO +7%

Comments »

Closing Prices on Commodities

NYMEX Energy Closing Prices

Crude oil settled lower by $4.01 to $97.18, natural gas gained 2.9 cents to close at $3.943, heating oil dropped 11 cents to end at $2.9538 while RBOB gasoline shed 15.53 cents to finish at $2.805 (all April contracts)

CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices; corn and soybeans decline the exchange limit, sugar falls 7.7%

May corn finished down 30 cents (or 4.5%) to $6.36, May wheat fell 54.25 (or 7.5%) cents to close at $6.665, May soybeans lost 70 cents (or 5.2%) to close at $12.70, April ethanol closed higher by 0.122 cents at $2.34, while May world sugar futures closed down 2.14 cents (or 7.7%) to 25.65 cents.

COMEX Metals Closing Prices

April gold ended lower by $32.00 to $1392.90, May silver shed $1.66 cents to close at $34.18, while May copper finished down 4.75 cents to $4.139

Comments »