Palm oil for Feb. delivery on Bursa Malaysia
Derivatives little changed at 2,292 ringgit/mt by 12:15pm in
Kuala Lumpur.
* Contract w/ most vol. earlier gains as much as 0.2%,
declines as much as 0.8%; futures -0.3% Tuesday
* Jan. palm oil, contract w/ most open interest, unchanged
at 2,224 ringgit/mt
* “Investors are at the cross-roads waiting to see further
market development,” says Hiro Chai, associate director at
CIMB Futures in Kuala Lumpur. Markets weighing weakening
Malaysian ringgit, oil prices and demand, he says
* NOTE: Brent crude -2.2% on Tuesday to lowest close since
Aug. 26; prices +0.9% Wednesday
* India Boosts Palm Oil Imports to Record on Festivals,
Price
* NOTE: Malaysia’s Nov. 1-15 palm oil exports +3.9% m/m to
724,992 mt: Intertek
* Jan. soybean oil -0.4% to 27.67c/lb on CBOT; Jan. soybeans
-0.2% to $8.62 1/2/bu
* Soybean oil’s premium over palm at ~$89/mt vs avg of ~$98
over past yr: data compiled by Bloomberg
* Palm oil’s premium over gasoil at ~$99/mt vs avg of ~$54
over past yr: data compiled by Bloomberg
* Jan. refined palm oil on Dalian Commodity Exchange -0.5% to
4,144 yuan/mt; soybean oil -0.4% to 5,470 yuan/mt
No comments:
Post a Comment