FCPO : Info & Analysis

[Sony_Boy]

Crude Palm Oil Snaps Three-Day Decline, Buoyed By Crude (24 Dec 2009)

Crude palm oil futures on Malaysia’s derivatives exchange ended higher Thursday, snapping a three-day decline as traders covered short positions in reaction to rising crude oil prices.

The benchmark March contract on the Bursa Malaysia Derivatives ended MYR54, or 2.2%, higher at MYR2,554 after reaching an intraday peak of MYR2,573.

However, a decline in Malaysia's palm oil exports prevented further gains on the BMD. Malaysia's palm oil exports during the Dec. 1-25 period declined 11% compared with Nov. 1-25, to 1.0 million tons on a decline in purchases by China and India, both major buyers of the vegetable oil. Exports to China declined 10% to 277,110 tons while shipments to India fell 46% to 131,000 tons, data from cargo surveyor Intertek Agri Services showed.

Shipping executives and traders said exports during the full month of December will likely decline by 10% on month to around 1.28 million tons. The weak export demand may lead to a slight build in December palm oil stocks, which could result in selling pressure, trade participants said.

As at end-November domestic palm reserves were at 1.93 million tons, the Malaysian Palm Oil Board said recently. "Currently there are more imports from Indonesia compared with palm oil shipments out of Malaysia, and the momentum of exports is weak," said a Pasir Gudang-based shipping executive. On Monday, another cargo surveyor SGS (Malaysia) Bhd. is expected to issue data on Malaysia's Dec. 1-25 palm oil exports.

At 1000 GMT, light, sweet crude for February delivery on the New York Mercantile Exchange was trading 40 cents higher at $77.07 a barrel after settling around 3% higher overnight. January soyoil on the Chicago Board of Trade was trading 35 points higher at 38.43 cents a pound on e-CBOT by the end of trade on the BMD. Cash palm olein for April/May/June was traded at $780/ton, free-on-board Malaysian ports, said a Singapore-based broker. Cash CPO for prompt delivery was offered MYR50 higher at MYR2,500/ton.
Open interest on the BMD was 80,746 lots Thursday, down from 82,890 lots. One lot is equivalent to 25 tons. A total of 8,262 lots of CPO were traded versus 12,065 lots Wednesday.

 

[Sony_Boy]

Crude Palm Oil Futures End Up; Lower Output Negates Lower Exports (28 Dec 2009)

Crude palm oil futures on Malaysia’s derivatives exchange ended higher Monday as lower production helped negate falling exports, said trade participants. Stronger soyoil and crude oil futures in after-hours trade also helped support prices.

The benchmark March contract on the Bursa Malaysia Derivatives ended MYR38 higher at MYR2,592 a metric ton, after trading in a range of MYR2,574-MYR2,605/ton.

Malaysia's palm oil exports during the Dec. 1-25 period fell 14% from the same period a month earlier to 1.01 million tons, according to cargo surveyor SGS (Malaysia) Bhd. Last week, Intertek Agri Services estimated Malaysia's palm oil shipments during the first 25 days of December at 1.0 million tons, down 11% on month. Both sets of data were below market expectations of a 10% fall in shipments. However, palm oil output during the same period was estimated to have fallen by 10%-15%, which would negate the impact of lower exports on CPO prices, said a Singapore-based trader.

CPO prices also found support from stronger soyoil and crude oil futures in after-hours trade. At 0930 GMT, light, sweet crude for February delivery on the New York Mercantile Exchange was trading 21 cents higher at $78.26 a barrel. January soyoil on the Chicago Board of Trade was trading 21 points higher at 38.67 cents a pound on e-CBOT by the end of trade on the BMD.

Cash palm olein for April/May/June was traded at $797.50/ton, free-on-board Malaysian ports, said a Singapore-based broker. Cash CPO for prompt delivery was offered MYR50 higher at MYR2,550/ton. Open interest on the BMD was 83,309 lots, up from 80,746 lots last traded Thursday. One lot is equivalent to 25 tons. A total of 9,020 lots of CPO were traded versus 8,262 lots last traded Thursday.

 

[PuTRa78]

die nk tuju 2650 tuh.. dan sterusnye 2800..

 

[Sony_Boy]

die nk tuju 2650 tuh.. dan sterusnye 2800..

aim dah ada, cuma tunggu isi peluru dulu.. pastuh boleh tekan trigger

 

[Sony_Boy]

CPO Futures Ends Little Changed; Likely Lower Output Caps Fall (29 Dec 2009)

Crude palm oil futures on Malaysia’s derivatives exchange ended little changed Tuesday despite long liquidation as support from outside markets such as crude oil prevented a sharp fall in prices, said trade participants. Prices moved higher in the early session, rising to an intraday high of MYR2,632 as investors took cues from an overnight rise in crude and soyoil futures to cover short positions. But trade was volatile toward the end of the afternoon session, with prices falling to an intraday low of MYR2,586

The benchmark March contract on the Bursa Malaysia Derivatives ended MYR2 lower at MYR2,590 a metric ton.

Some investors had set up long positions, which were liquidated at short intervals in today's trade to take profits, said a trading executive in Malaysia. Prices did ease off their highs, but projections of lower palm oil output in December also prevented further declines on the BMD as weaker production may cap palm inventories from rising as export demand wanes. Trade participants said an increase in soymeal feeding to livestock amid cold weather in the U.S. was also positive for prices.

Most trade participants and planters expect December output to have declined by 10%-15% on month, which is positive for CPO prices. The state-owned Malaysian Palm Oil Board put Malaysia's November output at 1.60 million tons, with domestic palm reserves at 1.93 million tons.

At 1000 GMT, light, sweet crude for February delivery on the New York Mercantile Exchange was trading 17 cents higher at $78.94 a barrel. January soyoil on the Chicago Board of Trade was trading 20 points lower at 39.43 cents a pound on e-CBOT by the end of trade on the BMD.

Cash palm olein for January was traded at $755/ton and April/May/June at $800/ton, free-on-board Malaysian ports, said a Singapore-based trader. Cash CPO for prompt delivery was offered unchanged at MYR2,550/ton. Open interest on the BMD was 78,620 lots, down from 83,309 lots Monday. One lot is equivalent to 25 tons. A total of 9,629 lots of CPO were traded versus 9,020 lots last traded Monday.

 

[Sony_Boy]

Asian CPO Ends Off Highs; Market Expects Lower Exports (30 Dec 2009)

Crude palm oil futures on Malaysia's derivatives exchange ended up Wednesday, but gains were trimmed amid expectations that palm oil exports for December may be 15%-16% lower on month, trade participants said.

The benchmark March contract on the Bursa Malaysia Derivatives ended MYR5 higher at MYR2,595 a metric ton, after reaching an intraday high of MYR2,609, tracking modest gains on crude oil futures during Asian trading hours.

At 1000 GMT, light, sweet crude for February delivery on the New York Mercantile Exchange was trading 6 cents higher at $78.93 a barrel.

Traders said that Malaysia's palm oil exports in December may be 200,000 tons lower than November's 1.42 million-1.46 million tons. "Exports are likely around 1.2 million tons, with purchases to India likely to be much lower, as the country made aggressive purchases in the last two months--when (benchmark futures) prices were hovering around MYR2,400-MYR2,500," said a Malaysia-based vegetable oil exporter.

Malaysia's palm oil exports to India were at 124,510 tons and 181,500 tons for October and November, respectively, according to data from cargo surveyor SGS (Malaysia) Bhd. showed--around double the usual monthly volume of 65,000-80,000 tons. Cargo surveyors are expected to issue estimates of December palm oil shipments Thursday.

In the cash market, cash palm olein for January was traded at $780/ton, while April/May/June was traded at $800/ton, free-on-board Malaysian ports, said a Singapore-based trader. Cash CPO for prompt delivery was offered MYR10 lower at MYR2,540/ton. Open interest on the BMD was 79,032 lots, up from 78,620 lots Tuesday. One lot is equivalent to 25 tons. A total of 6,414 lots of CPO were traded versus 9,629 lots traded Tuesday.

 

[PuTRa78]

byk betul news berguna dari SONY.. thanks a lot bro..

 

[pjakesmith]

Thanks a lot for the post!

 

[Sony_Boy]

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Selamat Tahun Baru utk semua warga CG dan FCPO traders.. Semoga tahun depan hidup lebih makmur dan banyak untung..

 

[PuTRa78]

kan dh ckp, tgk, die dh touch 2650.. Pokcik kayo..