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Wednesday Jul 07, 2010



Asia Mid-Day Market Report - Thursday, July 8th 2010


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Asian Currencies & Euro to US$ at our mid-day (previous day's figures in brackets)

Sin Dollar 1.383 (1.3914), Mal Ringgit 3.201 (3.2115), Indo Rupiah 9065 (9070), Euro: USD1.265 (USD1.2587), Indian Rupee 46.85 (47.05) Thai Baht 32.35 (32.40), Phil Pesos 46.355 (46.495), Japanese Yen 88.29 (87.45), Chinese Yuan 6.7755 (6.778)

Asian Stock Exchanges at mid-day - Dow Jones closed up 274.66 to 10,018.28 pts.

STI 2,895.75 up 34.72,  KLCI 1,313.32 up 1.57,  JKT Composite Index  2,916.01 up 13.97,  Hang Seng Index : 20,148.36 up 291.29 ,  Nikkei 225 :  9,508.63 up 228.98

Petroleum Oil Prices   

In US closing Light Sweet Crude for August was up USD2.09 to USD74.07 per barrel.

In Asian trading hours midday August was up USD0.53 to USD74.60 per barrel.

CBOT closing yesterday :

Soybeans   :   Aug 967.80 +27.25, Sep 941 +28.5, Nov 932.50 +32.5

Soyoil  :  Aug 36.96 +0.97, Sep 37.12 +0.81, Oct 37.30 +0.82

Mid-day E-CBOT :

Soybeans   :   Aug 963.50 -4.25, Sep 939 -2, Nov 930.50 -2

Soyoil  :  Aug 36.75 -0.21, Sep 36.91 -0.21, Oct 37.09 -0.21

The Dalian Commodity Exchange midday close - one lot equals to 10 metric tons

Soybeans   :   Sep 3756 +11, Jan 3813 +9, May 3832 +17

Soyoil           Sep 7150 +24, Jan 7336 +30, May 7304 +4

Palm Oil     :   Sep 6242 -8, Jan 6214 +18

1-30 days June Palm Exports vs May 2010 (pmt) :

ITS      1,352,603        vs        1,332,026        +1.54%

SGS    1,339,478        vs        1,323,465        +1.2%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Jul 2010              2415    +17             2423           2415                  821 lots

Aug 2010            2336    +31             2349           2336                  353 lots

Sep 2010            2300    +30             2310           2299                3477 lots

 

Volume at 12.30 p.m :   6,704 lots at the close

The open interest on the MDEX as at 07/07/10 is 74,093 lots (74,304 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Aug 770/765, Sep 760/752.50, OND 752.50/745, JFM 750/745, tdd Sep 755, OND 747.50, JFM 747.50

RBDP Oil fob PK/PGG   :       Aug 765

RBDP Stearin    :      Jul 765 PK/PGG

PFAD    :                   Jul 615 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Jul 747.50/740, Aug 737.50/732.50, Sep 725/717.50, OND 720/712.50

Local Crude Palm Oil :   South – Jul RM 2420/2400

Local CPKO :                 South – Jul  RM 203 per pikul

 

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 There will be 7 reports for the month - 4 technical reports on BMD CPO Futures and 3 Malaysian Palm Oil Supply & Demand Forecast.

 

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DISCLAIMER:  GateTrade does not warrant the correctness of any information herein. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy.