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Thursday Sep 02, 2010



Asia Mid-Day Market Report - Friday, September 3rd 2010


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

Sin Dollar 1.3465 (1.3482), Mal Ringgit 3.121 (3.13), Indo Rupiah 8997 (9007), Euro: USD1.2819 (USD1.279), Indian Rupee 46.67 (46.81) Thai Baht 31.00 (31.02), Phil Pesos 44.785 (45.05), Japanese Yen 84.29 (84.16), Chinese Yuan 6.8029 (6.8111)

Asian Stock Exchanges at mid-day - Dow Jones closed up 50.63 to 10,320.10 pts.

STI 2,991.63 up 8.8,  KLCI 1,434.61 up 2.65 ,  JKT Composite Index  3,122.06 down 13.26,  Hang Seng Index : 20,886.11 up 262.28 ,  Nikkei 225 :  8,985.58 up 58.56

NYMEX Petroleum Oil Prices   

In US closing Light Sweet Crude for Oct was up USD1.11 at USD75.02 per barrel.

In Asian trading hours midday Oct was down USD0.29 to USD74.73 per barrel.

Closing CBOT Prices yesterday:

Soybeans   :   Sep 1007.50 +3, Nov 1009 +3.5, Jan 1018.50 +3.5

Soyoil  :  Sep 39.66 +0.11, Oct 39.82 +0.09, Dec 40.20 +0.08

Mid-day E-CBOT :

Soybeans   :   Sep 1013.75 +6.25, Nov 1014.75 +5.75, Jan 1025 +6.5

Soyoil  :  Oct 40.04 +0.22, Dec 40.40 +0.2, Jan 40.73 +0.24

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

Soybeans   :   Jan 3883 +16, May 4017 +21, Sep 4042 +16

Soyoil           Jan 7952 +16, May 8034 +16

Palm Oil     :   Jan 7054 +52, May 7266 +60

1-31 days August Palm Exports vs July 2010 (pmt) :

ITS      1,219,886        vs        1,412,300        -13.62%

SGS    1,152,411        vs        1,402,317        -18%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Sep 2010             2695     +5          2698           2695                  380 lots

Oct 2010              2604     +11       2610           2602                  423 lots

Nov 2010             2556     +14       2566           2546                3119 lots

 

Volume at 12.30 p.m :   4,753 lots at the close

The open interest on the MDEX as at 02/09/10 is 69,764 lots (66,548 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Sep 920, Oct 892.50/885, ND 855/845, JFM 845/840

RBDP Oil fob PK/PGG   :       Sep 910

RBDP Stearin    :      Sep 865 PK/PGG

PFAD    :                   Sep 660 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Sep 865/857.50, Oct 837.50/830, ND 817.50/805

Local Crude Palm Oil :   South – Sep RM 2720

Local CPKO :                 South – Sep  RM 214 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.