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Thursday Jan 28, 2010



Asia Mid-Day Market Report - Friday, January 29th 2010


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

Sin Dollar 1.406 (1.403), Mal Ringgit 3.415 (3.41), Indo Rupiah 9360 (9390), Euro: USD1.393 (USD1.401) Indian Rupee 46.38 (46.23), Thai Baht 33.15 (33.06) Phil Pesos 46.67 (46.44) Japanese Yen 89.90 (90.30), Chinese Yuan 6.8279 (6.8276)

Asian Stock Exchanges at mid-day - Dow Jones closed down 115.70 to 10,120.46 points.

STI 2,741.23 down 16.45,  KLCI 1,255,69 down 8.82,  JKT Composite Index  2,588.15 down 31.42,  Hang Seng Index : 20,198.19 down 158.18 ,  Nikkei 225 :  10,268.71 down 145.58

Petroleum Oil Prices   

In US closing Light Sweet Crude for Mar was down USD0.03  to USD73.64 per barrel.

In Asian trading hours midday Mar closed up USD0.08 to USD73.72 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 931.80 +2.75, May 941.50 +3, Jul 948.50 +3

Soyoil  :  Mar 36.15 -0.17, May 36.61 -0.16, Jul 37.04 -0.16

Mid-day E-CBOT :

Soybeans   :   Mar 935 +3.25, May 945 +3.5, Jul 952 +3.5

Soyoil  :  Mar 36.27 +0.12, May 36.73 +0.12, Jul 37.16 +0.12

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

Soybeans   :   May 4044 +8, Sep 3876 +11, Jan 3799 +3

Soyoil           May 7220 +44, Sep 7358 +38

Palm Oil     :   May 6598 +60, Sep 6754 +70

1-25days January Palm Exports vs December (pmt) :

ITS      1,213,221        vs        1,002,828        +21%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Feb 2010              2450     -5             2450           2450                    10 lots

Mar 2010              2442     +2            2469           2442                  562 lots

Apr 2010              2436     -15            2467           2436                3045 lots

 

Volume at 12.30 p.m :    5,363 lots in the morning session

The open interest on the MDEX as at 28/01/10 is 75,930 lots (74,951 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Feb 755, Mar 755/750, AMJ 757.50/752.50, JAS 750/745,

RBDP Oil fob PK/PGG   :       Feb 740

RBDP Stearin    :      Feb 705 PK/PGG

PFAD    :                   Feb 670 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Feb 725/710, Mar 730/715, AMJ 732.50/717.50, JAS 730

Local Crude Palm Oil :   South – Jan RM 2460/2435

Local CPKO :                 Central – Feb RM 170 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.