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Thursday Mar 25, 2010



Asia Mid-Day Market Report - Friday, March 26th 2010


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

Sin Dollar 1.4055 (1.4056), Mal Ringgit 3.311 (3.322), Indo Rupiah 9127 (9132), Euro: USD1.3335 (USD1.333) Indian Rupee 45.42 (45.64), Thai Baht 32.44 (32.28) Phil Pesos 45.58 (45.62) Japanese Yen 92.67 (91.92), Chinese Yuan 6.828 (6.8278)

Asian Stock Exchanges at mid-day - Dow Jones closed up 5.06 to 10,841.21 points.

STI 2,901.65 up 13.28,  KLCI 1,313.67 up 1.19,  JKT Composite Index  2,792.93 down 6.22,  Hang Seng Index : 20,858.29 up 79.74 ,  Nikkei 225 :  10,996.83 up 167.98

Petroleum Oil Prices   

In US closing Light Sweet Crude for May was down USD0.08 to USD80.53 per barrel.

In Asian trading hours midday May was up USD0.35 to USD80.88 per barrel.

CBOT closing yesterday :

Soybeans   :   May 942.50 -17.5, Jul 950.50 -17, Aug 945 -16.5

Soyoil  :  May 38.70 -0.38, Jul 39.13 -0.37, Aug 39.30 -0.38

Mid-day E-CBOT :

Soybeans   :   May 946.75 +4.25, Jul 955.25 +4.75

Soyoil  :  May 38.96 +0.26, Jul 39.40 +0.27

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

Soybeans   :   Sep 3843 -22, Jan 3797 -18, May 3792 -15

Soyoil           Sep 7474 -54, Jan 7596 -58

Palm Oil     :   Sep 6852 -40, Jan 6742 -46

1-25 days March Palm Exports vs February (pmt) :

ITS      1,114,035        vs        1,089,410        +2.25%

SGS    1,125,412        vs        1,101,771        +2.1%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2612     -22        2619           2603                    77 lots

May 2010             2574     -25        2579           2562                  449 lots

Jun 2010              2552     -23        2559           2538                3269 lots

 

 

Volume at 12.30 p.m :    4,234 lots in the morning session

The open interest on the MDEX as at 26/03/10 is 78,501 lots (78,414 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 807.50/800, MJ 807.50/800, JAS 792.50/790, tdd JAS 790

RBDP Oil fob PK/PGG   :       Apr 802.50

RBDP Stearin    :      Apr 800 PK/PGG

PFAD    :                   Apr 680 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 780/770, MJ 775/765, JAS 765/760

Local Crude Palm Oil :   South – Mar RM 2600/2580

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.