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Wednesday Feb 24, 2010



Asia Mid-Day Market Report - Thursday, February 25th 2010


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

Sin Dollar 1.412 (1.4069), Mal Ringgit 3.408 (3.3965), Indo Rupiah 9345 (9290), Euro: USD1.346 (USD1.362) Indian Rupee 46.405 (46.16), Thai Baht 33.06 (33.02) Phil Pesos 46.09 (46.16) Japanese Yen 89.61 (91.04), Chinese Yuan 6.8282 (6.829)

Asian Stock Exchanges at mid-day - Dow Jones closed up 91.75 to 10,374.16 points.

STI 2,745.04 down 17.10,  KLCI 1,274.61 up 3.83,  JKT Composite Index  2,543.30 down 36.12,  Hang Seng Index : 20,311.83 down 155.91 ,  Nikkei 225 :  10,111.93 down 86.90

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.14  to USD80.00 per barrel.

In Asian trading hours midday Apr was down USD0.37 to USD79.63 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 955.50 +3, May 963 +3.5, Jul 970.50 +5

Soyoil  :  Mar 39.05 +0.74, May 39.50 +0.72, Jul 39.95 +0.72

Mid-day E-CBOT :

Soybeans   :   Mar 949.25 -6.25, May 957 -6, Jul 964 -6.5

Soyoil  :  Mar 38.75 -0.3, May 39.20 -0.3, Jul 39.65 -0.3

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

Soybeans   :   May 4085 -13, Sep 3847 -11, Jan 3768 -6

Soyoil           May 7348 -22, Sep 7478 -36

Palm Oil     :   May 6792 -52, Sep 6896 -66

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

ITS      1,089,410        vs        1,213,221        -10.2%

 

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Mar 2010              2595     -5           2619           2595                    27 lots

Apr 2010               2598     +8          2620           2594                1589 lots

May 2010             2591     +1            2615           2585                3961 lots

 

Volume at 12.30 p.m :    7,136 lots in the morning session

The open interest on the MDEX as at 24/02/10 is 82,981 lots (82,196 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 805/795, AMJ 802.50/797.50, JAS 795/787.50, tdd JAS 795

RBDP Oil fob PK/PGG   :       Mar 790

RBDP Stearin    :      Mar 750 PK/PGG

PFAD    :                   Mar 695 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 772.50, AMJ 772.50, JAS 767.50

Local Crude Palm Oil :   South – Mar RM 2610/2600

Local CPKO :                 Central – Mar  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.