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Thursday Jul 29, 2010



Asia Mid-Day Market Report - Friday, July 30th 2010


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

Sin Dollar 1.361 (1.3639), Mal Ringgit 3.184 (3.193), Indo Rupiah 8949 (9010), Euro: USD1.3065 (USD1.2998), Indian Rupee 46.465 (46.73) Thai Baht 32.21 (32.14), Phil Pesos 45.59 (45.75), Japanese Yen 86.34 (87.74), Chinese Yuan 6.7723 (6.7798)

Asian Stock Exchanges at mid-day - Dow Jones closed down 30.72 to 10,467.16 pts.

STI 2,981.44 up 2.06,  KLCI 1,354.08 up 1.85,  JKT Composite Index  3,053.84 up 12.16,  Hang Seng Index : 21,082.05 up 108.66 ,  Nikkei 225 :  9,708.85 up 212

Petroleum Oil Prices   

In US closing Light Sweet Crude for Sep was up USD1.37 to USD78.36 per barrel.

In Asian trading hours midday Sep was down USD0.19 to USD78.17 per barrel.

CBOT closing yesterday :

Soybeans   :   Aug 1026.80 +16.25, Sep 992.80 +7.75, Nov 988 +10

Soyoil  :  Aug 39.27 +0.43, Sep 39.41 +0.41, Oct 39.59 +0.41

Mid-day E-CBOT :

Soybeans   :   Aug 1034 +7.25, Sep 998.75 +6, Nov 994.50 +6.5

Soyoil  :  Aug 39.22 -0.05, Sep 39.28 -0.13, Oct 39.51 -0.08

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

Soybeans   :   Jan 3901 +18, May 3975 +27, Sep 3963 +24

Soyoil           Sep 7460 +32, Jan 7690 +34, May 7698 +36

Palm Oil     :   Sep 6742 +60, Jan 6752 +44

1-25 days July Palm Exports vs June 2010 (pmt) :

ITS      1,074,329        vs        1,120,563        -4.1%

SGS    1,103,439        vs        1,113,923        -0.9%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Aug 2010            2593    +8             2610           2591                    57 lots

Sep 2010            2552    +10           2567           2549                  863 lots

Oct 2010             2524    +10           2539           2520                3984 lots

 

Volume at 12.30 p.m :   7,480 lots at the close

The open interest on the MDEX as at 29/07/10 is 68,905 lots (69,238 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Aug 855/847.50, Sep 837.50/832.50, OND 822.50/817.50

RBDP Oil fob PK/PGG   :       Aug 850

RBDP Stearin    :      Sep 810 PK/PGG

PFAD    :                   Aug 620 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Aug 810/800, Sep 802.50/795, OND 792.50/785

Local Crude Palm Oil :   South – Aug RM 2600/2590

Local CPKO :                 South – Aug  RM 208 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.