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Thursday Apr 15, 2010



Asia Mid-Day Market Report - Friday, April 16th 2010


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

Sin Dollar 1.377 (1.3727), Mal Ringgit 3.206 (3.1855), Indo Rupiah 9013 (9003), Euro: USD1.354 (USD1.364) Indian Rupee 44.56 (44.29) Thai Baht 32.23 (32.23) Phil Pesos 44.46 (44.31) Japanese Yen 92.73 (93.38), Chinese Yuan 6.8268 (6.8264)

Asian Stock Exchanges at mid-day - Dow Jones closed up 21.46 to 11,144.57 points.

STI 3,001.49 down 15.45 ,  KLCI 1,333.02 down 5.81,  JKT Composite Index  2,876.66 down 23.87,  Hang Seng Index : 21,872.64 down 285.18 ,  Nikkei 225 :  11,114.53 down 159.26

Petroleum Oil Prices   

In US closing Light Sweet Crude for May was down USD0.33 to USD85.51 per barrel.

In Asian trading hours midday May was down USD0.69 to USD84.82 per barrel.

CBOT closing yesterday :

Soybeans   :   May 984 +15, Jul 993 +16, Aug 988.80 +17

Soyoil  :  May 40.07 +0.21, Jul 40.53 +0.22, Aug 40.74 +0.21

Mid-day E-CBOT :

Soybeans   :   May 980.25 -3.75, Jul 989.50 -3.5

Soyoil  :  May 39.94 -0.13, Jul 40.40 -0.13

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

Soybeans   :   Sep 3905 +10, Jan 3957 +20, May 3955 +23

Soyoil           Sep 7716 +8, Jan 7884 +40

Palm Oil     :   Sep 6990 +8, Jan 6944 +22

1-15 days April Palm Exports vs March 2010 (pmt) :

ITS      480,966           vs        669,227           -28.13%

SGS    502,182           vs        638,548           -21%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

May 2010             2532     +1            2534           2528                  394 lots

Jun 2010              2521     +1            2523           2512                1309 lots

Jul 2010               2512     +2            2516           2504                1952 lots

 

 

 

Volume at 12.30 p.m :    3,897 lots in the morning session

The open interest on the MDEX as at 15/04/10 is 72,632 lots (72,358 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      May 817.50/810, JAS 810/802.50, OND 802.50/797.50

RBDP Oil fob PK/PGG   :       May 812.50

RBDP Stearin    :      May 815 PK/PGG

PFAD    :                   May 685 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  May 782.50/775, JAS 782.50/770, OND 777.50/765

Local Crude Palm Oil :   South – Apr RM 2550/2530

Local CPKO :                 South – May  RM 195 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.