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Tuesday Mar 16, 2010



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


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

Sin Dollar 1.393 (1.3959), Mal Ringgit 3.301 (3.322), Indo Rupiah 9105 (9145), Euro: USD1.377 (USD1.3695) Indian Rupee 45.43 (45.37), Thai Baht 32.36 (32.52) Phil Pesos 45.62 (45.65) Japanese Yen 90.27 (90.01), Chinese Yuan 6.8267 (6.8268)

Asian Stock Exchanges at mid-day - Dow Jones closed up 43.83 to 10,685.98 points.

STI 2,914.60 up 18.17,  KLCI 1,302 up 3.14,  JKT Composite Index  2,727.51 up 57.90,  Hang Seng Index : 21,353.62 up 330.69 ,  Nikkei 225 :  10,796.34 up 74.63

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.90 to USD81.70 per barrel.

In Asian trading hours midday Apr was up USD0.38 to USD82.08 per barrel.

CBOT closing yesterday :

Soybeans   :   May 945 +15, Jul 952.80 +15.25, Aug 950.30 +14.75

Soyoil  :  May 39.37 +0.62, Jul 39.79 +0.61, Aug 39.97 +0.6

Mid-day E-CBOT :

Soybeans   :   May 946.25 +1.25, Jul 954 +1.25, Aug 952 +1.75

Soyoil  :  May 39.45 +0.08, Jul 39.90 +0.11

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

Soybeans   :   May 4088 +21, Sep 3851 +31, Jan 3794 +20

Soyoil           May 7360 +68, Sep 7514 +62, Jan 7642 +78

Palm Oil     :   Sep 6912 +78, Jan 6772 +72

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

ITS      669,227           vs        565,114           +18.42%

SGS    638,548           vs        607,660           +5.1%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2620     +15          2627           2611                    21 lots

May 2010             2604     +18          2612           2590                2193 lots

Jun 2010              2592     +23          2600           2576                4602 lots

 

 

Volume at 12.30 p.m :    7,770 lots in the morning session

The open interest on the MDEX as at 16/03/10 is 84,059 lots (82,407 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 815/810, MJ 817.50/812.50, JAS 810/805

RBDP Oil fob PK/PGG   :       Apr 800

RBDP Stearin    :      Apr 805 PK/PGG

PFAD    :                   Apr 700 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 795/785, MJ 792.50, JAS 782.50/77.50

Local Crude Palm Oil :   South – Mar RM 2630/2610

Local CPKO :                 South – Apr  RM 202 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.