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Sunday Mar 21, 2010



Asia Mid-Day Market Report - Monday, March 22nd 2010


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

Sin Dollar 1.398 (1.394), Mal Ringgit 3.317 (3.304), Indo Rupiah 9107 (9115), Euro: USD1.351 (USD1.362) Indian Rupee 45.50 (45.45), Thai Baht 32.34 (32.33) Phil Pesos 45.50 (45.58) Japanese Yen 90.46 (90.44), Chinese Yuan 6.8274 (6.8272)

Asian Stock Exchanges at mid-day - Dow Jones closed down 37.19 to 10,741.98 points.

STI 2,905.74 down 9.96,  KLCI 1,295.62 down 0.98,  JKT Composite Index  2,734.59 down 8.38,  Hang Seng Index : 21,009.10 down 361.72 ,  Nikkei 225 :  10,824.72 closed

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was down USD1.52 to USD80.68 per barrel.

In Asian trading hours midday Apr was down USD0.44 to USD80.24 per barrel.

CBOT closing yesterday :

Soybeans   :   May 961.80 +2.25, Jul 969.50 +2, Aug 966 +2.25

Soyoil  :  May 39.30 +0.05, Jul 39.73 +0.05, Aug 39.91 +0.05

Mid-day E-CBOT :

Soybeans   :   May 960 -1.75, Jul 967.75 -1.75

Soyoil  :  May 39.30 -0.01, Jul 39.72 -0.01

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

Soybeans   :   May 4081 -9, Sep 3858 -4, Jan 3809 -1

Soyoil           May 7340 +18, Sep 7502 +36, Jan 7632 +28

Palm Oil     :   Sep 6914 +42, Jan 6776 +36

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

ITS      873,931           vs        844,865           +3.44%

SGS    638,548           vs        607,660           +5.1%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2627     +7          2627           2592                  147 lots

May 2010             2595     +12        2597           2568                  842 lots

Jun 2010              2580     +3          2583           2554                3261 lots

 

 

Volume at 12.30 p.m :    5,846 lots in the morning session

The open interest on the MDEX as at 19/03/10 is 79,157 lots (81,225 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 812.50, MJ 810/795, JAS 800/795

RBDP Oil fob PK/PGG   :       Apr 790

RBDP Stearin    :      Apr 800 PK/PGG

PFAD    :                   Apr 685 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 785/775, MJ 782.50/767.50, JAS 770/760

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

Local CPKO :                 South – Apr  RM 200 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.