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Thursday Apr 01, 2010



Asia Mid-Day Market Report - Friday, April 2nd 2010


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

Sin Dollar 1.396 (1.397), Mal Ringgit 3.245 (3.256), Indo Rupiah 9065 (9064), Euro: USD1.356 (USD1.3503) Indian Rupee 44.70 (44.90), Thai Baht 32.28 (32.32) Phil Pesos 45.05 (45.20) Japanese Yen 93.75 (93.43), Chinese Yuan 6.826 (6.827)

Asian Stock Exchanges at mid-day - Dow Jones closed up 70.44 to 10,927.07 points.

STI 2,918.74 up 31.28,  KLCI 1,331,69 up 11.12,  JKT Composite Index  2,823.30 up 46,  Hang Seng Index : 21,433.44 up 194.09 ,  Nikkei 225 :  11,195.81 up 105.87

Petroleum Oil Prices   

In US closing Light Sweet Crude for May was up USD1.11 to USD84.87 per barrel.

In Asian trading hours midday May was up USD1.11 to USD84.87 per barrel.

CBOT closing yesterday :

Soybeans   :   May 942 +1, Jul 951.30 +1.25, Aug 946.30 +2.5

Soyoil  :  May 38.98 +0.67, Jul 39.45 +0.68, Aug 39.79 +0.7

Mid-day E-CBOT :

Closed for Good Friday

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

Soybeans   :   Sep 3878 +15, Jan 3825 +12, May 3818 +7

Soyoil           Sep 7594 +28, Jan 7690 +20

Palm Oil     :   Sep 6868 +34, Jan 6768 +26

1-31 days March Palm Exports vs February (pmt) :

ITS      1.35mln           vs        1.2mln             +12%

SGS    1,345,124        vs        1,249,390        +7.7%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2595     +1          2595           2593                    11 lots

May 2010             2566     +11        2577           2564                    96 lots

Jun 2010              2555     +12        2569           2550                1903 lots

 

 

Volume at 12.30 p.m :    2,750 lots in the morning session

The open interest on the MDEX as at 01/04/10 is 83,116 lots (77,494 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 815, MJ 810/800, JAS 797.50/795,

RBDP Oil fob PK/PGG   :       Apr 810

RBDP Stearin    :      MJ 805 PK/PGG

PFAD    :                   MJ 680 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  May 780, Jun 777.50, JAS 770

Local Crude Palm Oil :   South – Apr RM 2590/2585

Local CPKO :                 South – Apr  RM 197.50 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.