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Wednesday Mar 17, 2010



Asia Mid-Day Market Report - Thursday, March 18th 2010


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

Sin Dollar 1.392 (1.393), Mal Ringgit 3.299 (3.301), Indo Rupiah 9113 (9105), Euro: USD1.372 (USD1.377) Indian Rupee 45.42 (45.43), Thai Baht 32.29 (32.36) Phil Pesos 45.62 (45.62) Japanese Yen 90.20 (90.27), Chinese Yuan 6.827 (6.8267)

Asian Stock Exchanges at mid-day - Dow Jones closed up 47.69 to 10,733.67 points.

STI 2,914.60 up 18.17,  KLCI 1,303.48 up 1.53,  JKT Composite Index  2,753.26 down 3.0,  Hang Seng Index : 21,418.78 up 34.29 ,  Nikkei 225 :  10,811.02 down 35.96

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.23 to USD82.93 per barrel.

In Asian trading hours midday Apr was down USD0.43 to USD82.50 per barrel.

CBOT closing yesterday :

Soybeans   :   May 959 +14, Jul 966.80 +14, Aug 964 +13.75

Soyoil  :  May 39.83 +0.46, Jul 40.26 +0.47, Aug 40.44 +0.47

Mid-day E-CBOT :

Soybeans   :   May 951.50 -7.5, Jul 958 -8.75, Aug 957.50 -6.5

Soyoil  :  May 39.45 -0.38, Jul 39.87 -0.39

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

Soybeans   :   May 4084 -1, Sep 3842 -6, Jan 3792 -3

Soyoil           May 7308 -38, Sep 7452 -50, Jan 7590 -40

Palm Oil     :   Sep 6854 -46, Jan 6724 -36

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              2605     -19          2605           2597                  228 lots

May 2010             2585     -20          2596           2577                1486 lots

Jun 2010              2574     -21          2587           2565                4047 lots

 

 

Volume at 12.30 p.m :    7,194 lots in the morning session

The open interest on the MDEX as at 17/03/10 is 81,232 lots (84,059 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 810/805, MJ 807.50/800, JAS 802.50/795, tdd JAS 797.50+800

RBDP Oil fob PK/PGG   :       Apr 795

RBDP Stearin    :      Apr 800 PK/PGG

PFAD    :                   Apr 695 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 782.50, MJ 780, JAS 770/765

Local Crude Palm Oil :   South – Mar RM 2610/2590

Local CPKO :                 South – Apr  RM 201 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.