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Wednesday Jul 18, 2007
Asian Mid-day Market Report - Thursday, 19th July, 2007
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Asian Currencies & Euro at our mid-day (previous day's figures in brackets)
Sing Dollar 1.5160 (1.5177) Mal Ringgit 3.4410 (3.4505), Indo Rupiah 9115 (9110), Euro 1.3799 (1.3823) Ind Rup 40.430 (40.370)
Thai Baht : 33.490 (33.430), Phil Pesos : 45.130 (45.330), Japanese Yen 121.91 (121.79), Chinese Yuan 7.5640 (7.5633)
Asian Stock Exchanges at mid-day were slightly higher. (Dow Jones slightly lower - down 53.33 to 13.918.22 points) - .
STI 3,587.46 up 3.49 points, KLCI 1,374.01 up 4.78 points, Jakarta Composite Index 2,299.020 up 4.43 points
Hang Seng Index : 22,906.09 up 65.05 points, Nikkei 225 : 18,042.50 up 26.92 points.
Petroleum Oil Prices
Petroleum oil closed higher overnight, up USD1.03/barrel to USD75.05/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 higher overnight. August 37.80 +57, September 38.09 +63, October 38.59 +58, December 38.88 +60, January 39.13 +61, March 39.30 +65 and May 39.57 +59 on soybeanoil. The open interest on MDEX increased to 67,987 lots. E-cbot last traded : August +8, September +5 and October +16 on soybeanoil. It truely was a very peaceful morning (i.e. we brokers had nothing to do yet again....). MDEX followed E-cbot so closely. Volume traded on the MDEX was small and the trading range was narrow. The next fundamental news will be tomorrow where we will have the 1-20th July exports from ITS and SGS. Production in Malaysia for July 2007 for crude palm oil is estimated at up 10 percent from June 2007. So expect a small increase in end-month carryover stocks, if exports are low.. October MDEX traded from RM 2550 down to RM 2532 and closed at RM 2536 (plus 8 points). Total volume for the morning was just 2,147 lots. OND RBDP Olein traded at USD762.50 and then USD760. Further sellers were at USD762.50/mt fob Malaysian ports. Buyers were quiet this morning. Laurics was totally unchanged from yesterday with no close bids.
No trade was reported on JADE Singapore exchange this morning. The open interest on JADE Singapore : 843 lots (849 lots yesterday)
MDEX as at the morning close :
Month Last High Low Volume
August 2007 2630 -3 2641 2629 242 lots
Sept 2007 2567 +3 2581 2566 457 lots
October 2007 2536 +8 2550 2532 1,240 lots
Nov 2007 2510 +6 2524 2508 168 lots
December 2007 untraded
January 2008 untraded
March 2008 untraded
May 2008 untraded
July 2008 untraded
September 2008 untraded
November 2008 untraded
January 2009 2340 -28 2340 2340 40 lots
March 2009 untraded
Volume at 12.30 p.m : 2,147 lots for the morning session
The open interest on the MDEX is at 67,987 lots (66,422 lots on previous day) - one lot = 25 metric tons
RBDP Olein Trades OND 762.50 NCH/ISF and then 760 ?/ISF
RBDP Olein Sellers : Aug 815 PGG, 812.50 PKS/805b, Sept 792.50s/787.50b, OND 765s/760b, JFM 760s, AMJ 760s PK/PGG - .
Indo RBDP Olein : Aug Belawan - USD ??s
RBDP Oil : Aug 805s, Sept 785s fob PK/PGG
RBDP Stearin : August 780s PK/PGG - August Indo ports USD 770s
PFAD : August/Sept 630s, OND 630s fob Malaysian ports - August Indo ports USD 620s
CPO - FOB Belawan/Dumai : Aug 770s/760b, Sept 760s OND 740s - fob Belawan/Dumai -
Traded : Nil
CPO - Local in Medan - Rps 7,135s 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 -
Central August/Sept RM 188s -
RBDPKO - July/August - USD 995s fob PGG, 995s fob PK - or ??s fob Belawan/Dumai - August
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Posted at 09:54PM Jul 18, 2007 by MarketReports admin in Asia Mid-Day |
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