market misunderstanding of poo and biodiesel price T4P,
I'm surprised that even you as a sophisticated investor fail to understand the fundamentals driving the price of Biodiesel.
The market is linking the value of Biodiesel stocks to the fall in the oil price from above $70 to around $60 currently. The fact is that while this oil price has fallen the net biodiesel price has actually risen over the same period from US$820/t to US$840/t.
- This stability in the biodiesel price is driven by the demand for biodiesel being underpinned by environmental issues and European Government mandates to increase the use of biodiesel to 5.75% by 2010. That would mean around 11.7m tonnes of biodiesel will be required in 2010 up from 3.18m tonnes in 2005. Therefore the market is incorrect in making a direct comparison of the value of JBF to the fluctuations in the oil price as the underlying drivers of the two are different.
- Forums
- ASX - By Stock
- my theory on recent weakness
market misunderstanding of poo and biodiesel price T4P,I'm...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JPR (ASX) to my watchlist
|
|||||
Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $29.29M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.2¢ | $271 | 12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 126999 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 7883 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 126999 | 0.022 |
3 | 474000 | 0.021 |
3 | 750000 | 0.020 |
2 | 226350 | 0.019 |
1 | 25000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 7883 | 1 |
0.028 | 13334 | 1 |
0.030 | 100214 | 1 |
0.039 | 580000 | 1 |
0.045 | 22000 | 1 |
Last trade - 12.02pm 26/06/2024 (20 minute delay) ? |
Featured News
JPR (ASX) Chart |