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Monday Mar 22, 2010



Asia Mid-Day Market Report - Tuesday, March 23rd 2010


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

Sin Dollar 1.3986 (1.398), Mal Ringgit 3.315 (3.317), Indo Rupiah 9105 (9107), Euro: USD1.3557 (USD1.351) Indian Rupee 45.50 (45.50), Thai Baht 32.33 (32.34) Phil Pesos 45.60 (45.50) Japanese Yen 90.26 (90.46), Chinese Yuan 6.8269 (6.8274)

Asian Stock Exchanges at mid-day - Dow Jones closed up 43.91 to 10,785.89 points.

STI 2,905.87 up 16.69,  KLCI 1,302.93 up 9.28,  JKT Composite Index  2,740.73 up 38.33,  Hang Seng Index : 21,149.39 up 216.14 ,  Nikkei 225 :  10,786.77 down 37.95

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD0.63 to USD81.60 per barrel.

In Asian trading hours midday Apr was up USD0.57 to USD81.25 per barrel.

CBOT closing yesterday :

Soybeans   :   May 968.50 +6.75, Jul 976.80 +7.25, Aug 973.30 +7.25

Soyoil  :  May 39.72 +0.42, Jul 40.15 +0.42, Aug 40.33 +0.42

Mid-day E-CBOT :

Soybeans   :   May 969 +0.5, Jul 978.50 +1.75

Soyoil  :  May 39.64 -0.08, Jul 40.06 -0.09

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

Soybeans   :   May 4078 -10, Sep 3875 +8, Jan 3829 +11

Soyoil           Jul 7332 +0, Sep 7502 +4, Jan 7642 +10

Palm Oil     :   Sep 6904 -6, Jan 6788 +14

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

ITS      873,931           vs        844,865           +3.44%

SGS    844,474           vs        865,593           -2.4%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2630     -5          2640           2625                    88 lots

May 2010             2598     +8         2613           2593                1012 lots

Jun 2010              2582     +12       2597           2576                2681 lots

 

 

Volume at 12.30 p.m :    4,806 lots in the morning session

The open interest on the MDEX as at 22/03/10 is 78,158 lots (79,157 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 812.50/807.50, MJ 810/805, JAS 800/795

RBDP Oil fob PK/PGG   :       Apr 807.50

RBDP Stearin    :      Apr 805 PK/PGG

PFAD    :                   Apr 685 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 785/780, MJ 782.50/775, JAS 775/770

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

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.