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Monday May 31, 2010



Asia Mid-Day Market Report - Tuesday, June 1st 2010


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

Sin Dollar 1.4030 (1.4006), Mal Ringgit 3.279 (3.25), Indo Rupiah 9210 (9157), Euro: USD1.227 (USD1.233),  Indian Rupee 46.63 (46.37), Thai Baht 32.51 (32.41), Phil Pesos 46.23 (46.23), Japanese Yen 91.07 (91.53), Chinese Yuan 6.8292 (6.8279)

Asian Stock Exchanges at mid-day - Dow Jones closed down 122.36 to 10,136.63 pts.

STI 2,731.48 down 21.12,  KLCI 1,277.28 down 7.73,  JKT Composite Index  2,761.16 down 35.80,  Hang Seng Index : 19,634.39 down 130.80 ,  Nikkei 225 :  9,691.95 down 76.75

Petroleum Oil Prices   

In US closing Light Sweet Crude for July was down USD0.58 to USD73.97 per barrel.

In Asian trading hours midday July was down USD0.07 to USD73.90 per barrel.

CBOT closing yesterday :

Soybeans   :   Jul 937.80 -14, Aug 927.80 -13.75, Sep 914.80 -11.5

Soyoil  :  Jul 37.61 -0.57, Aug 37.84 -0.57, Sep 38.07 -0.56

Mid-day E-CBOT :

Soybeans   :   Jul 934.50 -3.25, Aug 924.50 -3.25, Sep 910.75 -4

Soyoil  :  Jul 37.55 -0.06, Aug 37.79 -0.05, Sep 38.00 -0.07

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

Soybeans   :   Sep 3732 -15, Jan 3816 -28, May 3824 -28

Soyoil           Sep 7314 -30, Jan 7498 -32

Palm Oil     :   Sep 6640 -36, Jan 6568 -36

1-31 days May Palm Exports vs April 2010 (pmt) :

ITS      1,332,026        vs        1,178,159        +13.05%

SGS    1,323,465        vs        1,219,041        +8.6%

MDEX as at the morning close : 

Month                      Last                High           Low                Volume      

Jun 2010             2515     +16         2524           2515                    13 lots

Jul 2010              2484     +9           2493           2474                  233 lots

Aug 2010            2446     +10         2457           2430                1557 lots

 

 

 

Volume at 12.30 p.m 2,518 lots in the morning session

The open interest on the MDEX as at 31/05/10 is 68,982 lots (70,020 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Jun 800/790, JAS 785/782.50, OND 775/772.50, tdd July 787.50, OND 772.50

RBDP Oil fob PK/PGG   :       Jun 795

RBDP Stearin    :      Jun 780 PK/PGG

PFAD    :                   Jun 660 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Jun 767.50/760, JAS 757.50/750, OND 750/740

Local Crude Palm Oil :   South – Jun RM 2560/2540

Local CPKO :                 Central – Jun  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.

 

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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.

 


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