M.C.S. Steel Public Company Limited (MCS) announced that the company has signed a newly contracted project with Kajima Corporation Co., Ltd. with 11,350 ton (addition work exclusive). The period of work is August 2020 March 2021. 【อ่านข้อความเต็ม】
Oil price downside risk Upside is limited after the oil price has increased by more than 65% from the end of 1Q20 due to expectations of a recovery of demand and a reduction in production capacity. AWS estimates that the trend of crude oil prices will return to be risky due to (1) Saudi Arabia attitude which expects to return to increase production after reducing the production capacity beyond the quota, especially in June that they reduced production by an additional 1.18 million barrels per day, (2) The increase in oil prices which persuade Shale oil producers in the U.S. to resume production, and (3) the refinery utilization rate in U.S. refineries that have not recovered. The refining rate between April-May was 71%, lower than the 5-year average of 91%, reflecting the recovery of oil prices. As a result of speculation rather than fundamental factors, AWS recommends taking profit on stocks in Theme Investment that benefit from rebounded crude oil prices. 【อ่านข้อความเต็ม】