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Monday Feb 22, 2010



Asia Mid-Day Market Report - Tuesday, February 23rd 2010


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

Sin Dollar 1.4069 (1.407), Mal Ringgit 3.3965 (3.398), Indo Rupiah 9290 (9285), Euro: USD1.362 (USD1.363) Indian Rupee 46.16 (46.15), Thai Baht 33.02 (33.12) Phil Pesos 46.16 (46.28) Japanese Yen 91.04 (91.64), Chinese Yuan 6.829 (6.827)

Asian Stock Exchanges at mid-day - Dow Jones closed down 18.97 to 10,383.38 points.

STI 2,761.30 up 3.84,  KLCI 1,266.60 up 0.16,  JKT Composite Index  2,559.20 down 5.06,  Hang Seng Index : 20,629.51 up 252.24 ,  Nikkei 225 :  10,341.66 down 58.81

Petroleum Oil Prices   

In US closing Light Sweet Crude for Mar was up USD0.35  to USD80.16 per barrel.

In Asian trading hours midday Apr was down USD0.23 to USD80.08 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 961.50 +16.5, May 969 +14.5 Jul 975.30 +13.25

Soyoil  :  Mar 38.83 +0.31, May 39.30 +0.3, Jul 39.75 +0.29

Mid-day E-CBOT :

Soybeans   :   Mar 961 -0.5, May 968 -1, Jul 973.75 -1.5

Soyoil  :  Mar 38.84 +0.01, May 39.31 +0.01, Jul 39.76 +0.01

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

Soybeans   :   May 4098 -18, Sep 3855 +39, Jan 3779 +46

Soyoil           May 7394 +34, Sep 7530 +34

Palm Oil     :   May 6826 +18, Sep 6966 +44

1-20days February Palm Exports vs January (pmt) :

ITS      844,865           vs        924,003           -8.6%

SGS    865,593           vs        945,311           -8.4%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Mar 2010              2642     -3           2648           2640                    27 lots

Apr 2010               2638     -36         2650           2630                1819 lots

May 2010             2634     +3           2642           2622                3984 lots

 

Volume at 12.30 p.m :    5,948 lots in the morning session

The open interest on the MDEX as at 22/02/10 is 82,196 lots (81,398 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 807.50, AMJ 807.50/802.50, JAS 800/795

RBDP Oil fob PK/PGG   :       Mar 792.50

RBDP Stearin    :      Mar 750 PK/PGG

PFAD    :                   Mar 700 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 780/770, AMJ 777.50/772.50, JAS 770/765

Local Crude Palm Oil :   South – Mar RM 2640/2620

Local CPKO :                 Central – Mar  RM 184 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.