2008 started on a soft note with COE rising marginally although Lunar New Year is just around the corner. The stock market has also volatile in these few weeks and crude oil price hitting the US$100 mark. So all these news infer SLOW demand of COE and I believe that the quota premium will just stay at the current level.
Prediction on January 16: Category A: $14,000-15,000 Category B: $15,000-16,000
Verdict on January 23: Category A: $12,001 Category B: $13,289