GateTrade

Free Reports

   
Tuesday Apr 13, 2010



Asia Mid-Day Market Report - Wednesday, April 14th 2010


This report is the property of GateTrade. The scanning, uploading and distributing of this report via the internet or any other means without the permission of GateTrade is illegal and punishable by law.


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

Sin Dollar 1.377 (1.393), Mal Ringgit 3.20 (3.229), Indo Rupiah 9008 (9019), Euro: USD1.365 (USD1.357) Indian Rupee 44.27 (44.66) Thai Baht 32.27 (32.40) Phil Pesos 44.53 (44.83) Japanese Yen 93.19 (92.61), Chinese Yuan 6.8254 (6.8271)

Asian Stock Exchanges at mid-day - Dow Jones closed up 13.45 to 11,019.42 points.

STI 3,003.78 up 32.18 ,  KLCI 1,336.16 up 1.64,  JKT Composite Index  2,889.84 up 5.14,  Hang Seng Index : 22,089.83 down 13.70 ,  Nikkei 225 :  11,176.20 up 14.97

Petroleum Oil Prices   

In US closing Light Sweet Crude for May was down USD0.29 to USD84.05 per barrel.

In Asian trading hours midday May was up USD0.31 to USD84.36 per barrel.

CBOT closing yesterday :

Soybeans   :   May 968 +8, Jul 975.50 +7, Aug 971 +8.75

Soyoil  :  May 39.74 +0.15, Jul 40.19 +0.14, Aug 40.39 +0.13

Mid-day E-CBOT :

Soybeans   :   May 969 +1, Jul 976.75 +1.25

Soyoil  :  May 39.79 +0.05, Jul 40.24 +0.05

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

Soybeans   :   Sep 3907 +9, Jan 3945 +21, May 3942 +21

Soyoil           Sep 7734 +26, Jan 7872 +50

Palm Oil     :   Sep 7008 +30, Jan 6926 +40

1-10 days April Palm Exports vs March 2010 (pmt) :

ITS      291,033           vs        464,889           -37%

SGS    303,423           vs        434,340           -30.14%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Apr 2010              2580     +0           2590           2580                  162 lots

May 2010             2550     +0           2558           2549                  634 lots

Jun 2010              2535     +4           2546           2533                1936 lots

 

 

Volume at 12.30 p.m :    3,196 lots in the morning session

The open interest on the MDEX as at 13/04/10 is 71,576 lots (74,101 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      May 820/810 Jun 817.50/810, JAS 810/805, tdd JAS 802.50+805

RBDP Oil fob PK/PGG   :       May 815

RBDP Stearin    :      May 815 PK/PGG

PFAD    :                   May 685 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  May 790, JAS 785, OND 780

Local Crude Palm Oil :   South – Apr RM 2570/2550

Local CPKO :                 South – MJ  RM 196 per pikul

 

GateTrade Exclusive Reports are available to paid members for a monthly fee of USD50.00.    Interested party can logon to GateTrade’s website at www.gatetrade.com to register and pay by credit card.  After logon click Subscriptions under "Market Reports" and follow the instructions.

 There will be 7 reports for the month - 4 technical reports on BMD CPO Futures and 3 Malaysian Palm Oil Supply & Demand Forecast.

 

Please join our over 1460 members from 106 countries have registered for trading Palm Oil, Coconut Oil and Biodiesel on GateTrade. Please register at www.gatetrade.com to start trading. Registration is free. Only members will be able to post buy/sell positions and to view trades.

 

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.