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Sunday Feb 28, 2010



Asia Mid-Day Market Report - Monday, March 1st 2010


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

Sin Dollar 1.404 (1.412), Mal Ringgit 3.387 (3.408), Indo Rupiah 9320 (9345), Euro: USD1.3608 (USD1.346) Indian Rupee 45.95 (46.405), Thai Baht 33.04 (33.06) Phil Pesos 46.20 (46.09) Japanese Yen 89.09 (89.61), Chinese Yuan 6.8257 (6.8282)

Asian Stock Exchanges at mid-day - Dow Jones closed up 4.23 to 10,325.26 points.

STI 2,771.05 up 20.19,  KLCI 1,283.31 up 12.53,  JKT Composite Index  2,555.78 up 6.75,  Hang Seng Index : 21,000.12 up 391.42 ,  Nikkei 225 :  10,201.22 up 74.50

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.49  to USD79.66 per barrel.

In Asian trading hours midday Apr was up USD0.51 to USD80.17 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 951 +9.5, May 961 +11, Jul 969 +11.5

Soyoil  :  Mar 39.29 +0.76, May 39.70 +0.73, Jul 40.13 +0.72

Mid-day E-CBOT :

Soybeans   :   Mar 950.25 -0.75, May 962.50 +1.5, Jul 970.75 +1.75

Soyoil  :  Mar 39.36 +0.07, May 39.76 +0.06, Jul 40.20 +0.07

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

Soybeans   :   May 4102 +33, Sep 3893 +60, Jan 3808 +42

Soyoil           May 7382 +52, Sep 7524 +64

Palm Oil     :   May 6836 +54, Sep 6950 +60

February Palm Exports vs January (pmt) :

ITS      1,206,859        vs        1,496,805        -19.4%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Mar 2010              2640     +45         2640           2595                    97 lots

Apr 2010               2641     +51         2642           2622                1242 lots

May 2010             2636     +41          2638           2617                4319 lots

 

Volume at 12.30 p.m :    7,090 lots in the morning session

The open interest on the MDEX as at 25/02/10 is 82,428 lots (82,981 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 807.50/795, AMJ 807.50/800, JAS 800/795

RBDP Oil fob PK/PGG   :       Mar 792.50

RBDP Stearin    :      Mar 770 PK/PGG

PFAD    :                   Mar 700 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 780, AMJ 780/770, JAS 770

Local Crude Palm Oil :   South – Mar RM 2650/2635

Local CPKO :                 Central – Mar  RM 185 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.