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Thursday Mar 18, 2010



Asia Mid-Day Market Report as at 11.30am - Friday, March 19th 2010


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

Sin Dollar 1.394 (1.392), Mal Ringgit 3.304 (3.299), Indo Rupiah 9115 (9113), Euro: USD1.362 (USD1.372) Indian Rupee 45.45 (45.42), Thai Baht 32.33 (32.29) Phil Pesos 45.58 (45.62) Japanese Yen 90.44 (90.20), Chinese Yuan 6.8272 (6.827)

Asian Stock Exchanges at mid-day - Dow Jones closed up 45.50 to 10,779.17 points.

STI 2,921.32 up 7.38,  KLCI 1,295.67 down 6.27,  JKT Composite Index  2,732.86 down 4.38,  Hang Seng Index : 21,297.38 down 33.29 ,  Nikkei 225 :  10,815.52 up 71.49

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was down USD0.73 to USD82.20 per barrel.

In Asian trading hours midday Apr was down USD0.28 to USD81.92 per barrel.

CBOT closing yesterday :

Soybeans   :   May 959.50 +0.5, Jul 967.50 +0.75, Aug 963.80 -0.25

Soyoil  :  May 39.25 -0.58, Jul 39.68 -0.58, Aug 39.86 -0.58

Mid-day E-CBOT :

Soybeans   :   May 958 -1.5, Jul 965.25 -2.25

Soyoil  :  May 39.25 +0.03, Jul 39.73 +0.05

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

Soybeans   :   May 4088 +3, Sep 3860 +18, Jan 3810 +22

Soyoil           May 7310 +0, Sep 7448 -12, Jan 7586 -10

Palm Oil     :   Sep 6856 +0, Jan 6724 -2

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              2576     +7          2582           2576                  148 lots

May 2010             2553     +3          2565           2548                  941 lots

Jun 2010              2539     +4          2552           2536                1855 lots

 

 

Volume at 12.30 p.m :    3,057 lots in the morning session

The open interest on the MDEX as at 18/03/10 is 81,225 lots (81,232 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 805, MJ 802.50/795, JAS 797.50/790

RBDP Oil fob PK/PGG   :       Apr 790

RBDP Stearin    :      Apr 800 PK/PGG

PFAD    :                   Apr 695 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 780, MJ 777.50, JAS 770/760

Local Crude Palm Oil :   South – Mar RM 2590/2560

Local CPKO :                 South – Apr  RM 198 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.