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Wednesday Mar 10, 2010



Asia Mid-Day Market Report - Thursday, March 11th 2010


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

Sin Dollar 1.398 (1.399), Mal Ringgit 3.319 (3.342), Indo Rupiah 9190 (9195), Euro: USD1.364 (USD1.368) Indian Rupee 45.46 (45.48), Thai Baht 32.68 (32.62) Phil Pesos 45.73 (45.90) Japanese Yen 90.36 (90.37), Chinese Yuan 6.8256 (6.8257)

Asian Stock Exchanges at mid-day - Dow Jones closed up 2.95 to 10,567.33 points.

STI 2,862.14 down 0.15,  KLCI 1,323.73 down 4.49,  JKT Composite Index  2,670.79 up 0.57,  Hang Seng Index : 21,134.22 down 74.07 ,  Nikkei 225 :  10,664.95 up 101.03

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD0.60 to USD82.09 per barrel.

In Asian trading hours midday Apr was down USD0.52 to USD81.57 per barrel.

CBOT closing yesterday :

Soybeans   :   May 958 +10.5, Jul 965.50 +9.5, Aug 962.50 +9.5

Soyoil  :  May 41.02 +0.72, Jul 41.46 +0.72, Aug 41.64 +0.72

Mid-day E-CBOT :

Soybeans   :   May 952.75 -5.25, Jul 961 -4.5, Aug 958.75 -3.75

Soyoil  :  May 40.73 -0.29, Jul 41.10 -0.36, Aug 41.36 -0.28

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

Soybeans   :   May 4082 -16, Sep 3832 -10, Jan 3774 -18

Soyoil           May 7352 -96, Sep 7498 -90

Palm Oil     :   May 6850 -94, Sep 6904 -154

1-10 days March Palm Exports vs February (pmt) :

ITS       464,889           vs        370,727           +25%

SGS    434,340           vs        410,459           +5.8%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume       

Mar 2010              2690     -39          2730           2690                  305 lots

Apr 2010               2677     -32         2712           2666                1081 lots

May 2010             2665     -20          2704           2654                6237 lots

 

Volume at 12.30 p.m :    9,952 lots in the morning session

The open interest on the MDEX as at 10/03/10 is 81,554 lots (81,795 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Apr 830, MJ 830, JAS 817.50/810, tdd JAS 815

RBDP Oil fob PK/PGG   :       Mar 815

RBDP Stearin    :      Apr 820 PK/PGG

PFAD    :                   Apr 705 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Apr 810, MJ 807.50, JAS 785

Local Crude Palm Oil :   South – Mar RM 2700/2680

Local CPKO :                 South – Apr  RM 206 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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