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Tuesday Jul 17, 2007
Asian Mid-day Market Report - Wednesday, 18th July, 2007
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Asian Currencies & Euro at our mid-day (previous day's figures in brackets)
Sing Dollar 1.5177 (1.5162) Mal Ringgit 3.4505 (3.4440), Indo Rupiah 9110 (9055), Euro 1.3823 (1.3784) Ind Rup 40.370 (40.350)
Thai Baht : 33.430 (33.340), Phil Pesos : 45.330 (45.250), Japanese Yen 121.79 (121.91), Chinese Yuan 7.5633 (7.5633)
Asian Stock Exchanges at mid-day were mostly lower. (Dow Jones slightly higher - up 20.57 to 13.971.55 points) - .
STI 3,644.23 down 6.82 points, KLCI 1,378.20 up 0.72 points, Jakarta Composite Index 2,291.230 down 10.11 points
Hang Seng Index : 22,990.10 down 67.13 points, Nikkei 225 : 18,009.91 down 207.36 points.
Petroleum Oil Prices
Petroleum oil closed lower overnight, down USD0.13/barrel to USD74.02/barrel August delivery. In Asian trading hours, Light Sweet Crude for August delivery was up USD0.15 to USD74.17/barrel. Brent North Seas Crude for September delivery was flat at USD75.53 per barrel.
General Market Information
Good morning. - CBOT closed lower overnight. August 37.23 -25, september 37.46 -29, October 38.01 -19, December 38.28 -25, January 38.52 -24, March 38.65 -24 and May 38.98 -12 on soybeanoil. The open interest on the MDEX increased to 66,422 lots. E-cbot last traded : August +27, September +16 and October +32 on soybeanoil. Well we are into the weather market. CBOT closed lower but E-cbot traded higher and MDEX naturally followed it up...... Five minutes before the close, MDEX traded off the high and closed almost unchanged from yesterday's settlement. October MDEX traded from RM 2531 down to RM 2513 and closed at RM 2518 (plus one point). Total volume in the morning was 5,951 lots. Very little serious negotiation was reported. OND RBDP Olein was stuck at USD757.50 sellers against buying interest at USD750 to USD752.50/mt fob Malaysian ports. AMJ RBDP Olein traded at USD747.50. Laurics was totally unchanged from yesterday with no good bids reported.
One lot was traded (October at USD732.50) on JADE Singapore exchange this morning. The open interest on JADE Singapore increased to 849 lots
MDEX as at the morning close :
Month Last High Low Volume
August 2007 2620 +0 2630 2618 874 lots
Sept 2007 2551 +1 2566 2549 1,778 lots
October 2007 2518 +1 2531 2513 3,138 lots
Nov 2007 2592 +2 2504 2486 131 lots
December 2007 2472 +2 2472 2472 20 lots
January 2008 untraded
March 2008 untraded
May 2008 2400 -16 2400 2400 10 lots
July 2008 untraded
September 2008 untraded
November 2008 untraded
January 2009 untraded
March 2009 untraded
Volume at 12.30 p.m : 5,951 lots for the morning session
The open interest on the MDEX is at 66,422 lots (65,369 lots on previous day) - one lot = 25 metric tons
RBDP Olein Trades AMJ 747.50 ??/Unitata
RBDP Olein Sellers : Aug 802.50 PKS, 805 PGG, Sept 785s/775b, OND 757.50s, JFM 755s, AMJ 755s PK/PGG - .
Indo RBDP Olein : Aug Belawan - USD ??s
RBDP Oil : Aug 797.50s, Sept 777.50s fob PK/PGG
RBDP Stearin : August 785s PK/PGG - August Indo ports USD 780s
PFAD : August/Sept 630s, OND 630s fob Malaysian ports - August Indo ports USD ??s
CPO - FOB Belawan/Dumai : Aug 770s/760b, Sept 760s OND 740s - fob Belawan/Dumai -
Traded : Nil
CPO - Local in Medan - Rps 7,120s per kg for prompt delivery
Local crude palm oil : South - July RM 2680s
CPKO - FOB Indonesia August 880s, September 880s - fob Dumai/Belawan with f.f.a. adjustment -.
Local CPKO : South - Aug/Sept 188s - July traded RM 188
Central August/Sept RM 188s -
RBDPKO - July/August - USD 995s fob PGG, 995s fob PK - or ??s fob Belawan/Dumai - August
Regards,
Asia Market Trading Desk
www.gatetrade.com
info@gatetrade.com
Tel: 1-415-771-6388 in USA
The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all inclusive and is not guaranteed as to its accuracy, and is not to be construed as a representation by GateTrade or its representatives.
Asia Market Trading Desk
www.gatetrade.com
info@gatetrade.com
Tel: 1-415-771-6388 in USA
The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all inclusive and is not guaranteed as to its accuracy, and is not to be construed as a representation by GateTrade or its representatives.
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Posted at 09:58PM Jul 17, 2007 by MarketReports admin in Asia Mid-Day |
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Posted by Princess Mulata Trading on July 18, 2007 at 12:06 AM PDT #