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Wednesday Apr 21, 2010



Asia Mid-Day Market Report - Thursday, April 22nd 2010


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

Sin Dollar 1.3721 (1.3720), Mal Ringgit 3.199 (3.192), Indo Rupiah 9017 (9007), Euro: USD1.3392 (USD1.3407) Indian Rupee 44.475 (44.425) Thai Baht 32.17 (32.03) Phil Pesos 44.48 (44.61) Japanese Yen 92.81 (93.16), Chinese Yuan 6.8269 (6.8257)

Asian Stock Exchanges at mid-day - Dow Jones closed up 7.86 to 11,124.92 points.

STI 2,966.77 down 0.93 ,  KLCI 1,332.86 down 0.78,  JKT Composite Index  2,892.58 down 20.25,  Hang Seng Index : 21,365.26 down 145.67 ,  Nikkei 225 :  10,956.62 down 133.43

Petroleum Oil Prices   

In US closing Light Sweet Crude for Jun was up USD0.72 to USD83.85 per barrel.

In Asian trading hours midday Jun was down USD0.11 to USD83.57 per barrel.

CBOT closing yesterday :

Soybeans   :   May 995.50 +11.5, Jul 1006 +12, Aug 1001.80 +12.5

Soyoil  :  May 38.90 -0.17, Jul 39.36 -0.18, Aug 39.55 -0.19

Mid-day E-CBOT :

Soybeans   :   May 995.25 -0.25, Jul 1005.50 -0.5

Soyoil  :  May 39.08 +0.18, Jul 39.53 +0.17

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

Soybeans   :   Sep 3903 +10, Jan 3988 +19, May 4028 +35

Soyoil           Sep 7644 +8, Jan 7862 +30

Palm Oil     :   Sep 6912 -8, Jan 6926 +6

1-20 days April Palm Exports vs March 2010 (pmt) :

ITS      724,499           vs        873,931           -17.1%

SGS    767,251           vs        844,474           -9.1%

 

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

May 2010             2499     +3           2500           2494                  122 lots

Jun 2010              2490     +7           2492           2478                  743 lots

Jul 2010               2483     +12          2483           2467                1686 lots

 

 

 

Volume at 12.30 p.m :    2,567 lots in the morning session

The open interest on the MDEX as at 21/04/10 is 66,281 lots (67,525 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      May 807.50/802.50, Jun 805/800, JAS 802.50/797.50

RBDP Oil fob PK/PGG   :       May 802.50

RBDP Stearin    :      May 807.50 PK/PGG

PFAD    :                   May 675 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  MJ 775/770, JAS 775/767.50, OND 772.50/767.50

Local Crude Palm Oil :   South – May RM 2500/2480

Local CPKO :                 South – May  RM 190 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.