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Wednesday Apr 07, 2010



Asia Mid-Day Market Report - Thursday, April 8th 2010


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

Sin Dollar 1.3966 (1.395), Mal Ringgit 3.21 (3.194), Indo Rupiah 9055 (9036), Euro: USD1.332 (USD1.337) Indian Rupee 44.63 (44.35), Thai Baht 32.34 (32.34) Phil Pesos 44.85 (44.78) Japanese Yen 93.21 (94.16), Chinese Yuan 6.8262 (6.826)

Asian Stock Exchanges at mid-day - Dow Jones closed down 72.47 to 10,897.52 points.

STI 2,963.35 down 24.75,  KLCI 1,332.70 down 12.39,  JKT Composite Index  2,853.30 down 45.28,  Hang Seng Index : 21,891.59 down 37.18 ,  Nikkei 225 :  11,174.46 down 119.37

Petroleum Oil Prices   

In US closing Light Sweet Crude for May was down USD0.96 to USD85.88 per barrel.

In Asian trading hours midday May was down USD0.15 to USD85.73 per barrel.

CBOT closing yesterday :

Soybeans   :   May 952.50 +8, Jul 961.50 +8, Aug 957.80 +7.5

Soyoil  :  May 40.03 +0.26, Jul 40.50 +0.26, Aug 40.71 +0.27

Mid-day E-CBOT :

Soybeans   :   May 952.75 +0.25, Jul 961.50 +0.25

Soyoil  :  May 40.04 +0.01, Jul 40.49 -0.01

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

Soybeans   :   Sep 3901 +10, Jan 3881 +29, May 3861 +21

Soyoil           Sep 7712 +20, Jan 7832 +24

Palm Oil     :   Sep 6996 +36, Jan 6892 +28

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              untraded

May 2010             2563     +13          2563           2555                  484 lots

Jun 2010              2550     +11          2555           2543                2514 lots

 

 

Volume at 12.30 p.m :    4,392 lots in the morning session

The open interest on the MDEX as at 07/04/10 is 78,915 lots (78,794 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      May 820/812.50, Jun 817.50/810, JAS 810/805, OND 807.50/800, tdd JAS 807.50

RBDP Oil fob PK/PGG   :       May 815

RBDP Stearin    :      May 795 PK/PGG

PFAD    :                   May 690 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  May 782.50/775, Jun 782.50, JAS 790/775

Local Crude Palm Oil :   South – Apr RM 2580/2560

Local CPKO :                 South – Apr  RM 197 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.