FCPO : Info & Analysis

[Sony_Boy]

CPO futures extend retreat

CRUDE palm oil futures dropped 0.6 per cent yesterday, extending a retreat from a five-week peak hit on Monday, pressured by a slide in crude oil price, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled down RM12 at RM2,168 a tonne. Overall volume was 18,028 lots of 25 tonnes each.

"The pullback is expected. The rise was driven by the crude oil rally so when oil dropped, the market just followed," said a local trader. Energy prices tend to hold some sway over vegetable oil markets as petroleum diesel competes with biodiesel.

US crude futures fell US$1.02 to US$78.10 (US$1.00 = RM3.41) a barrel yesterday ahead of US government weekly oil data forecast to show a rise in oil inventories. Traders said palm fundamentals actually pointed to a bearish outlook for prices after cargo surveyors reported exports for the first 20 days of October.

Exports of Malaysian palm oil products for Oct. 1-20 rose 1.8 per cent to 812,095 tonnes, from 797,929 tonnes tonnes shipped between Sept. 1 and 20, cargo surveyor Intertek Testing Services said on Tuesday.

But another cargo surveyor, Societe Generale de Surveillance, said Oct. 1-20 exports fell 1.4 per cent to 825,626 tonnes from 837,656 tonnes shipped between Sept. 1 and 20. - Agencies

 

[Sony_Boy]

CRUDE Palm Oil (CPO) futures prices on Bursa Malaysia Derivatives improved yesterday after two days of losses as traders chased for cheaper stocks amid a weaker ringgit, a dealer said.

According to the dealer, the local unit which has been on a downtrend since Wednesay, had attracted traders to build up stocks due to the cheaper CPO price.

At close, the October 2009 and November 2009 contracts each added RM25 to settle at RM2,197 and RM2,193 a tonne respectively.
January 2010 rose RM42 to RM2,210, while February 2010 advanced RM33 to RM2,204 a tonne.

Turnover was higher at 20,622 lots compared with the 18,028 lots recorded on Wednesday while open interests increased to 91,642 contracts from 90,048 contracts previously.

On the physical market, October South went up RM30 to be at RM2,210 a tonne. - Bernama

 

[thetu5]

CRUDE Palm Oil (CPO) futures prices on Bursa Malaysia Derivatives improved yesterday after two days of losses as traders chased for cheaper stocks amid a weaker ringgit, a dealer said.

According to the dealer, the local unit which has been on a downtrend since Wednesay, had attracted traders to build up stocks due to the cheaper CPO price.

At close, the October 2009 and November 2009 contracts each added RM25 to settle at RM2,197 and RM2,193 a tonne respectively.
January 2010 rose RM42 to RM2,210, while February 2010 advanced RM33 to RM2,204 a tonne.

Turnover was higher at 20,622 lots compared with the 18,028 lots recorded on Wednesday while open interests increased to 91,642 contracts from 90,048 contracts previously.

On the physical market, October South went up RM30 to be at RM2,210 a tonne. - Bernama

aii..pagi2 bg news, x tdo ke?plik btol aku..aku pkul 10 lbih dh masuk tdo..

nkmatnya tidooo

 

[kawecool]

xreti la menda nie..forex bolehla sket2...

xder tutorial ke..hehehe

 

[thetu5]

xreti la menda nie..forex bolehla sket2...

xder tutorial ke..hehehe

ape yg bezanye bang..same jer..cme underlaying jer yg beza..forex trade currencies,FCPO trade crude palm oil under futures market..sma jugak equity/stock..yg tu kita trade share/equity/stock pada satu2 company..IPO plak initial public offering yg mane dorg ade offer awl pada public sblum listed kt Bursa Malaysia (clearing house)..

jgn peningkan kepala..klu dah tau psl forex smaada TA/FA,dh boleh masuk mne2 market..xde hal pnyer..

 

[Sony_Boy]

aii..pagi2 bg news, x tdo ke?plik btol aku..aku pkul 10 lbih dh masuk tdo..

nkmatnya tidooo

hehehe, time ko dah bangun pagi, time aku pulak nak masuk tido.. tu pasal ler..

 

[Sony_Boy]

xreti la menda nie..forex bolehla sket2...

xder tutorial ke..hehehe

ala, dah leh trade forex, boleh jer masuk futures.. modal 1 lot jer beza..

 

[Sony_Boy]

Asian CPO Ends Off Highs On Ample Stocks; Support From Soyoil

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher in rangebound trade Friday, capped by ample inventories, trade participants said. The benchmark January contract on the Bursa Malaysia Derivatives ended MYR28 higher at MYR2,238 a metric ton, after rising to a seven-week high at MYR2,250 during afternoon session.

"Prices eased off on intraday profit-taking as there are ample stocks in October. That's why the market isn't moving much," says Singapore-based trading executive. Traders are expecting Malaysia's end-October palm oil stocks to be higher than September's end-stock level of 1.58 million tons, as there's no indication of a pick-up in export demand.

Most traders are expecting export demand to fall further if the Oct. 1-25 period export data stays low, confirming the trend. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will issue data on Malaysia's palm oil exports on Monday.

Despite weak supply-demand fundamentals and Indonesia's move to cut its base export price for CPO to $595/ton from $617/ton, BMD CPO prices are holding above MYR2,200 levels as "funds are still holding on to their longs," said a Kuala Lumpur-based trading executive. If crude continues to trade around $81 a barrel or move higher, crude palm oil may move to MYR2,300 in the near term, the executive said.

Gains made in soyoil and crude oil prices during Asian trading hours supported CPO futures, traders say. At 1017 GMT, New York Mercantile Exchange light, sweet crude oil for December delivery was trading 12 cents higher at $81.31 a barrel.

December soyoil finished 26 points lower Thursday on the Chicago Board of Trade at 38.30 cents a pound, but rose 30 points to 38.60 cents/pound in electronic Asian trade. Traders and producers are also tracking weather oil palm regions in Malaysia, where rains may cause some disruption to harvesting activities on some oil palm estates.

The Malaysian meteorological bureau said tropical rains and thunderstorms may persist until Sunday, and it issued a heavy rain alert earlier this evening for Perak, Johor and Pahang areas. Thunderstorms and heavy rains with strong winds are likely to continue tonight in several areas, it said.

A total of 13,687 lots of CPO were traded on the BMD, versus 17,535 lots Thursday. Open interest stood at 83,313 lots Friday, down from 84,718 lots. One lot is equivalent to 25 tons. Closing BMD CPO futures prices in MYR/ton at 1000 GMT:

Month Close Previous Change High Low
Nov 09 2,232 2,197 +35 2,245 2,231
Dec 09 2,232 2,193 +39 2,245 2,224
Jan 10 2,238 2,210 +28 2,250 2,227
Feb 10 2,239 2,204 +35 2,253 2,232

 

[thetu5]

cepat betul reporter tu tulis news..mentang2lh futures laju, news pon skjap je kluar ..

 

[taufic]

tgh kumpul duit
tak lama dah