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Tuesday Feb 16, 2010



Asia Mid-Day Market Report - Wednesday, February 17th 2010


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

Sin Dollar 1.402 (1.411), Mal Ringgit 3.384 (3.419), Indo Rupiah 9280 (9355), Euro: USD1.377 (USD1.366) Indian Rupee 45.99 (46.46), Thai Baht 33.12 (33.16) Phil Pesos 46.08 (46.29) Japanese Yen 90.29 (89.58), Chinese Yuan 6.8336 (6.8317)

Asian Stock Exchanges at mid-day - Dow Jones closed up 169.67 10,244.62 points.

STI 2,794.54 up 35.64,  KLCI 1,263.94 up 10.55,  JKT Composite Index  2,575.52 up 17.02,  Hang Seng Index : 20,627.72 up 359.03 ,  Nikkei 225 :  10,306.83 up 272.58

Petroleum Oil Prices   

In US closing Light Sweet Crude for Mar was up USD2.88  to USD77.01 per barrel.

In Asian trading hours midday Mar was up USD0.30 to USD77.31 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 965.50 +20.5, May 974.50 +20.5, Jul 981.80 +21

Soyoil  :  Mar 38.95 +1.11, May 39.43 +1.11, Jul 39.89 +1.11

Mid-day E-CBOT :

Soybeans   :   Mar 962 -3.5, May 971 -3.5, Jul 978 -3.75

Soyoil  :  Mar 38.75 -0.2, May 39.24 -0.19, Jul 39.74 -0.15

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

Soybeans   :   May 4090 -2, Sep 3776 -31, Jan 3714 -18

Soyoil           May 7272 -50, Sep 7400 -40

Palm Oil     :   May 6694 -46, Sep 6782 -50

1-15days February Palm Exports vs January (pmt) :

ITS      565,114           vs        669,758           -15.62%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Mar 2010              2622     +36           2625           2609                  702 lots

Apr 2010               2617     +38           2625           2609                1803 lots

May 2010             2618     +38            2623           2606                3420 lots

 

Volume at 12.30 p.m :    7,425 lots in the morning session

The open interest on the MDEX as at 12/02/10 is 79,210 lots (78,551 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 815/805, AMJ 810/800, JAS 805/795,

RBDP Oil fob PK/PGG   :       Mar 800

RBDP Stearin    :      Mar 760 PK/PGG

PFAD    :                   Mar 700 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  unquoted

Local Crude Palm Oil :   South – Mar RM 2630/2620

Local CPKO :                 Central – Mar/Apr RM 183 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.