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CPO futures rebound to close higher
by Cals Wed 05 Feb 2014, 20:18
CPO futures rebound to close higher
Business & Markets 2014
Written by Bernama
Wednesday, 05 February 2014 19:57
KUALA LUMPUR (Feb 05): Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives, rebounded to close higher today, taking the cue from the firmer soybean oil prices on the Chicago Board of Trade.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the strengthening of the Chicago soybean market overnight, lifted traders' sentiment on the commodity complex.
However, Ng said, gains were capped by lingering concerns over lacklustre export performance of late.
February 2014 rose RM19 to RM2,540 a tonne; March 2014, May 2014 and June 2014 increased by RM15 to RM2,542, RM2,543 and RM2,539 a tonne, respectively; April 2014 surged RM17 to RM2,546 a tonne; and July 2014 edged up RM13 to RM2,532 a tonne.
Turnover declined to 21,861 lots, from Tuesday's 24,585 lots, while open interest decreased to 205,742 contracts, from 210,870 contracts previously.
On the physical market, February South increased RM20, to RM2,560 a tonne.
Business & Markets 2014
Written by Bernama
Wednesday, 05 February 2014 19:57
KUALA LUMPUR (Feb 05): Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives, rebounded to close higher today, taking the cue from the firmer soybean oil prices on the Chicago Board of Trade.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the strengthening of the Chicago soybean market overnight, lifted traders' sentiment on the commodity complex.
However, Ng said, gains were capped by lingering concerns over lacklustre export performance of late.
February 2014 rose RM19 to RM2,540 a tonne; March 2014, May 2014 and June 2014 increased by RM15 to RM2,542, RM2,543 and RM2,539 a tonne, respectively; April 2014 surged RM17 to RM2,546 a tonne; and July 2014 edged up RM13 to RM2,532 a tonne.
Turnover declined to 21,861 lots, from Tuesday's 24,585 lots, while open interest decreased to 205,742 contracts, from 210,870 contracts previously.
On the physical market, February South increased RM20, to RM2,560 a tonne.
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