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Wednesday Mar 03, 2010



Asia Mid-Day Market Report - Thursday, March 4th 2010


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

Sin Dollar 1.399 (1.399), Mal Ringgit 3.369 (3.373), Indo Rupiah 9270 (9285), Euro: USD1.368 (USD1.363) Indian Rupee 45.79 (45.86), Thai Baht 32.67 (32.65) Phil Pesos 45.98 (46.08) Japanese Yen 88.45 (88.75), Chinese Yuan 6.8271 (6.8265)

Asian Stock Exchanges at mid-day - Dow Jones closed down 9.22 to 10,396.76 points.

STI 2,775.31 down 7.48,  KLCI 1,285.66 down 0.44,  JKT Composite Index  2,572.22 up 5.13,  Hang Seng Index : 20,766.25 down 110.54 ,  Nikkei 225 :  10,180.21 down 72.93

Petroleum Oil Prices   

In US closing Light Sweet Crude for Apr was up USD1.19  to USD80.87 per barrel.

In Asian trading hours midday Apr was down USD0.23 to USD80.64 per barrel.

CBOT closing yesterday :

Soybeans   :   May 963.50 -0.5, Jul 971 +0.25, Aug 966.80 +1

Soyoil  :  May 40.40 +0.2, Jul 40.83 +0.2, Aug 40.99 +0.2

Mid-day E-CBOT :

Soybeans   :   May 957.50 -6, Jul 964 -7, Aug 961.50 -5.25

Soyoil  :  May 40.09 -0.31, Jul 40.54 -0.29, Aug 40.70 -0.29

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

Soybeans   :   May 4091 -10, Sep 3849 -45, Jan 3779 -33

Soyoil           May 7330 -44, Sep 7470 -54

Palm Oil     :   May 6788 -26, Sep 6896 -62

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              2636     -8          2641           2631                  156 lots

Apr 2010               2636     -7          2645           2630                  567 lots

May 2010             2630     -5           2642           2622                2934 lots

 

Volume at 12.30 p.m :    5,208 lots in the morning session

The open interest on the MDEX as at 03/03/10 is 80,556 lots (80,375 lots on previous day) - one lot = 25 metric tons

Physical Oil Prices :   

RBDP Olein fob PK/PGG :      Mar 817.50/810, AMJ 815/807.50, JAS 805/797.50, tdd JAS 802.50+800

RBDP Oil fob PK/PGG   :       Mar 802.50

RBDP Stearin    :      Mar 775 PK/PGG

PFAD    :                   Mar 700 fob PK/PGG  

CPO - FOB Belawan/Dumai  :  Mar 780/770, AMJ 785/780, JAS 775/765

Local Crude Palm Oil :   South – Mar RM 2645/2630

Local CPKO :                 Central – Apr  RM 190 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.