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Tuesday Mar 02, 2010



Asia Mid-Day Market Report - Wednesday, March 3rd 2010


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

Sin Dollar 1.399 (1.405), Mal Ringgit 3.373 (3.385), Indo Rupiah 9285 (9275), Euro: USD1.363 (USD1.353) Indian Rupee 45.86 (46.03), Thai Baht 32.65 (32.82) Phil Pesos 46.08 (46.25) Japanese Yen 88.75 (89.35), Chinese Yuan 6.8265 (6.8272)

Asian Stock Exchanges at mid-day - Dow Jones closed up 2.19 to 10,455.78 points.

STI 2,769.75 down 2.45,  KLCI 1,285.89 down 2.18,  JKT Composite Index  2,579.99 up 3.40,  Hang Seng Index : 20,911.97 up 5.86 ,  Nikkei 225 :  10,239.69 up 17.85

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD0.98  to USD79.68 per barrel.

In Asian trading hours midday Apr was down USD0.01 to USD79.56 per barrel.

CBOT closing yesterday :

Soybeans   :   May 963.50 +1, Jul 970.80 +0.25, Aug 965.80 -0.5

Soyoil  :  May 40.20 +0.3, Jul 40.63 +0.29, Aug 40.79 +0.28

Mid-day E-CBOT :

Soybeans   :   May 962.75 -0.75, Jul 970 -0.75, Aug 967 +1.25

Soyoil  :  May 40.15 -0.05, Jul 40.56 -0.07

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

Soybeans   :   May 4094 -1, Sep 3887 +5, Jan 3808 +5

Soyoil           May 7374 +22, Sep 7522 +28

Palm Oil     :   May 6814 -22, Sep 6962 +32

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              2621     -28         2632           2611                  222 lots

Apr 2010               2629     +10       2636           2628                  571 lots

May 2010             2623     +11        2630           2618                1659 lots

 

Volume at 12.30 p.m :    3,125 lots in the morning session

The open interest on the MDEX as at 02/03/10 is 80,375 lots (82,710 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 812.50/807.50, AMJ 810/805, JAS 802.50/797.50, tdd AMJ 807.50

RBDP Oil fob PK/PGG   :       Mar 797.50

RBDP Stearin    :      Mar 780 PK/PGG

PFAD    :                   Mar 695 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 780, AMJ 780/775, JAS 772.50

Local Crude Palm Oil :   South – Mar RM 2635/2625

Local CPKO :                 Central – Apr  RM 186 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.