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CPO futures end lower in thin trade
by hlk Wed 03 Aug 2011, 07:54
CPO FUTURES
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday in thin trading on lack of buying interest, a dealer said.
She said mild profit-taking prevailed throughout the day.
August 2011 fell RM1 to close at RM3,140 a tonne and September 2011 lost RM7 to RM3,121 while, October 2011 went down RM8 to RM3,113 a tonne and November 2011 shed RM11 to RM3,109.
Turnover rose to 20,290 lots from 17,380 lots on Monday while open interest declined to 131,887 contracts from 132,395 previously.
On the physical market, August South was up RM10 to RM3,160 a tonne. - Bernama
OIL
LONDON: Oil fell yesterday on worries about the growth prospects of the US, the world’s largest crude consumer, after weak global manufacturing data that overshadowed a deal to avert a US debt default.
Brent was 54 cents (US$1.00 = RM2.96) lower at US$116.27 a barrel by 1144 GMT, having slipped as low as US$115.53 a barrel earlier in the session.
US crude was 80 cents lower at US$94.09, on news that the world’s manufacturing sector expanded at its weakest pace in two years last month.
Analysts do not expect a relief rally in oil and commodity markets despite the last-minute deal in Washington, as US and European debt problems continue to loom large.
RUBBER
THE rubber market ended mixed yesterday on a lack of supply amid a downtrend on the Tokyo Commodity Exchange, dealers said.
At noon, the Malaysian Rubber Board’s official physical price for the SMR 20 was 1 sen better at 1,387.5 sen a kg while latex-in-bulk shed 1 sen to 884.5 sen a kg.
The unofficial closing price for the tyre-grade SMR 20 fell 3.5 sen to 1,383.5 sen while latex-in-bulk slipped 1.5 sen to 885 sen.
TIN
THE Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday at US$28,100 per tonne in quiet trading as sellers were cautious amid the uncertainty in the market, dealers said.
The London Metal Exchange (LME) tin price, however, rose by US$5 to US$28,105 per tonne.
On the local front, turnover fell to 35 tonnes from 40 tonnes on Monday, with the participation from Japanese, European and local traders.
At the opening bell, buyers bid for 35 tonnes while sellers offered 40 tonnes. The premium between the KLTM and LME narrowed to US$400 per tonne against US$405 per tonne on Monday. — Agencies
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday in thin trading on lack of buying interest, a dealer said.
She said mild profit-taking prevailed throughout the day.
August 2011 fell RM1 to close at RM3,140 a tonne and September 2011 lost RM7 to RM3,121 while, October 2011 went down RM8 to RM3,113 a tonne and November 2011 shed RM11 to RM3,109.
Turnover rose to 20,290 lots from 17,380 lots on Monday while open interest declined to 131,887 contracts from 132,395 previously.
On the physical market, August South was up RM10 to RM3,160 a tonne. - Bernama
OIL
LONDON: Oil fell yesterday on worries about the growth prospects of the US, the world’s largest crude consumer, after weak global manufacturing data that overshadowed a deal to avert a US debt default.
Brent was 54 cents (US$1.00 = RM2.96) lower at US$116.27 a barrel by 1144 GMT, having slipped as low as US$115.53 a barrel earlier in the session.
US crude was 80 cents lower at US$94.09, on news that the world’s manufacturing sector expanded at its weakest pace in two years last month.
Analysts do not expect a relief rally in oil and commodity markets despite the last-minute deal in Washington, as US and European debt problems continue to loom large.
RUBBER
THE rubber market ended mixed yesterday on a lack of supply amid a downtrend on the Tokyo Commodity Exchange, dealers said.
At noon, the Malaysian Rubber Board’s official physical price for the SMR 20 was 1 sen better at 1,387.5 sen a kg while latex-in-bulk shed 1 sen to 884.5 sen a kg.
The unofficial closing price for the tyre-grade SMR 20 fell 3.5 sen to 1,383.5 sen while latex-in-bulk slipped 1.5 sen to 885 sen.
TIN
THE Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday at US$28,100 per tonne in quiet trading as sellers were cautious amid the uncertainty in the market, dealers said.
The London Metal Exchange (LME) tin price, however, rose by US$5 to US$28,105 per tonne.
On the local front, turnover fell to 35 tonnes from 40 tonnes on Monday, with the participation from Japanese, European and local traders.
At the opening bell, buyers bid for 35 tonnes while sellers offered 40 tonnes. The premium between the KLTM and LME narrowed to US$400 per tonne against US$405 per tonne on Monday. — Agencies
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