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Monday Mar 01, 2010



Asia Mid-Day Market Report - Tuesday, March 2nd 2010


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

Sin Dollar 1.405 (1.404), Mal Ringgit 3.385 (3.387), Indo Rupiah 9275 (9320), Euro: USD1.353 (USD1.3608) Indian Rupee 46.03 (45.95), Thai Baht 32.82 (33.04) Phil Pesos 46.25 (46.20) Japanese Yen 89.35 (89.09), Chinese Yuan 6.8272 (6.8257)

Asian Stock Exchanges at mid-day - Dow Jones closed up 78.53 to 10,403.79 points.

STI 2,781.41 up 7.35,  KLCI 1,287.85 up 4.45,  JKT Composite Index  2,570.79 up 16.12,  Hang Seng Index : 20,882.99 down 173.94 ,  Nikkei 225 :  10,197.66 up 25.60

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was down USD0.96  to USD78.70 per barrel.

In Asian trading hours midday Apr was down USD0.02 to USD78.68 per barrel.

CBOT closing yesterday :

Soybeans   :   Mar 952.50 +1.5, May 962.50 +1.5, Jul 970.50 +1.5

Soyoil  :  Mar 39.50 +0.21, May 39.90 +0.2, Jul 40.34 +0.21

Mid-day E-CBOT :

Soybeans   :   Mar 950 -2.5, May 959.75 -2.75, Jul 968 -2.5

Soyoil  :  May 39.86 -0.04, Jul 40.29 -0.05

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

Soybeans   :   May 4095 -4, Sep 3884 +4, Jan 3804 +6

Soyoil           May 7352 -22, Sep 7498 -16

Palm Oil     :   May 6800 -16, Sep 6930 -8

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              2611     -28         2632           2611                  222 lots

Apr 2010               2615     -22         2642           2614                  925 lots

May 2010             2600     -30          2635           2600                3120 lots

 

Volume at 12.30 p.m :    5,169 lots in the morning session

The open interest on the MDEX as at 01/03/10 is 82,710 lots (82,428 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 810, AMJ 805/795, JAS 797.50/790

RBDP Oil fob PK/PGG   :       Mar 795

RBDP Stearin    :      Mar 770 PK/PGG

PFAD    :                   Mar 690 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 780, AMJ 780/770, JAS 770

Local Crude Palm Oil :   South – Mar RM 2630/2610

Local CPKO :                 Central – Mar  RM 185 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.