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Sunday Mar 07, 2010



Asia Mid-Day Market Report - Monday, March 8th 2010


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

Sin Dollar 1.399 (1.4007), Mal Ringgit 3.342 (3.365), Indo Rupiah 9195 (9260), Euro: USD1.368 (USD1.359) Indian Rupee 45.48 (45.79), Thai Baht 32.62 (32.64) Phil Pesos 45.90 (46.05) Japanese Yen 90.37 (89.22), Chinese Yuan 6.8257 (6.8275)

Asian Stock Exchanges at mid-day - Dow Jones closed up 122.06 to 10,566.20 points.

STI 2,825.62 up 35.33,  KLCI 1,322.11 up 22.33,  JKT Composite Index  2,599.03 up 20.26,  Hang Seng Index : 21,186.09 up 398.12 ,  Nikkei 225 :  10,555.25 up 186.29

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.55 to USD81.76 per barrel.

In Asian trading hours midday Apr was up USD0.50 to USD82.00 per barrel.

CBOT closing yesterday :

Soybeans   :   May 942.80 +0.75, Jul 950.50 -0.5, Aug 947.80 -0.25

Soyoil  :  May 40.05 +0.05, Jul 40.48 +0.05, Aug 40.66 +0.07

Mid-day E-CBOT :

Soybeans   :   May 945.25 +2.5, Jul 952.50 +2, Aug 951 +3.25

Soyoil  :  May 40.07 +0.02, Jul 40.45 -0.03

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

Soybeans   :   May 4095 +13, Sep 3839 +17, Jan 3791 +31

Soyoil           May 7398 +40, Sep 7542 +54

Palm Oil     :   May 6872 +50, Sep 7024 +58

February Palm Exports vs January (pmt) :

ITS      1,206,859        vs        1,496,805        -19.4%

SGS    1,249,390        vs        1,478,739        -16%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Mar 2010             untraded

Apr 2010               2695     +18        2699           2694                  227 lots

May 2010             2686     +16         2693           2675                1182 lots

 

Volume at 12.30 p.m :    2,088 lots in the morning session

The open interest on the MDEX as at 05/03/10 is 81,795 lots (81,079 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 840, AMJ 835, JAS 830

RBDP Oil fob PK/PGG   :       Mar 825

RBDP Stearin    :      Apr 810 PK/PGG

PFAD    :                   Apr 705 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  AMJ 810, JAS 800

Local Crude Palm Oil :   South – Mar RM 2700/2690

Local CPKO :                 South – Apr  RM 200 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.

 

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.

 

 


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