Author Topic: CRUDE PALM OIL  (Read 20763 times)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #600 on: November 15, 2017, 10:52:44 AM »




2717

14/11/17

Malaysia's Biggest Investment Forum

Re: CRUDE PALM OIL
« Reply #600 on: November 15, 2017, 10:52:44 AM »

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #601 on: November 16, 2017, 11:01:14 AM »



2713

15/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #602 on: November 16, 2017, 11:22:29 AM »




MALAYSIA
Technicals
Palm oil may consolidate in RM2,729-2,761 range
Reuters
/
Reuters

November 16, 2017 10:59 am +08

-A+A
SINGAPORE (Nov 16): The palm oil February contract may consolidate in a range of RM2,729-2,761 per tonne, as its correction from the Oct 30 high of RM2,868 could have temporarily completed.

The completion is indicated by the failure of the contract to break the support at RM2,729, the 138.2% projection level of a downward wave c.

The correction has also been controlled by a set of retracements of the uptrend from the Oct 2 low of RM2,660 to RM2,868.

[X] CLOSE
Advertisement
 
Apparently, palm oil is trying to stabilise around the 61.8% level of RM2,739. Most likely, it will continue to hover above this level or bounce towards RM2,761.

A break below RM2,729 could cause a loss to RM2,708.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #603 on: November 16, 2017, 04:36:02 PM »



Commodities
Sime Darby sees palm oil prices holding at RM2,600-2,700/T until yr-end
Reuters
/
Reuters

November 16, 2017 16:18 pm +08

-A+A
KUALA LUMPUR (Nov 16): Sime Darby Bhd, the world's largest oil palm planter by land size, sees crude palm oil prices holding at RM2,600 to RM2,700 per tonne until year-end, a company official said on Thursday.

The company's fresh fruit bunch production for the 2018 financial year is estimated to grow 6-7% from the previous year, plantations managing director Franki Anthony Dass told reporters following the release of Sime Darby's earnings

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #604 on: November 16, 2017, 04:37:39 PM »



MALAYSIACORPORATE
Palm oil seen easing to average RM2,500 / ton in 2018: Rabobank
Bloomberg
/
Bloomberg

November 16, 2017 16:16 pm +08

-A+A
KUALA LUMPUR (Nov 16): Prices forecast to average at RM2,600 / ton in 4Q before declining to RM2,500 in 1Q next year, according to Rabobank.

* Global production of edible oil will exceed global consumption in 2017/18, Oscar Tjakra, senior analyst at RaboResearch Food & Agribusiness says at Kuala Lumpur industry conference on
Thursday

* No significant impact on palm oil from La Nina expected at this moment: Tjakra

[X] CLOSE
Advertisement
 
** La Nina most likely to be short with weak-to-moderate intensity

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #605 on: November 20, 2017, 11:29:47 AM »




2714

17/11/17

Offline zuolun

  • Baronet
  • ****
  • Posts: 1,530
Re: CRUDE PALM OIL
« Reply #606 on: November 20, 2017, 03:58:01 PM »
Palm hits near 2-month low as India raises import tax on edible oils ~ 20 Nov 2017
https://in.reuters.com/article/asia-vegoils/vegoils-palm-hits-near-2-month-low-as-india-raises-import-tax-on-edible-oils-idINL3N1NQ1ZE
Palm oil support at RM2,650 and RM2,600, Resistance at RM2,850 and RM2,800.

Indian soyoil, crude palm oil jump 4% on import duty hike ~ 20 Nov 2017
https://timesofindia.indiatimes.com/business/india-business/indian-soyoil-crude-palm-oil-jump-4-percent-on-import-duty-hike/articleshow/61720379.cms

Top palm oil growers go on defensive against Europe curb threat ~ 20 Nov 2017
https://www.bloomberg.com/news/articles/2017-11-20/top-palm-oil-growers-go-on-defensive-against-europe-curb-threat
  • Palm oil industry an economic lifeline for farmers: Malaysia
  • EU flags deforestation risk, may limit palm-biofuels by 2021

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #607 on: November 20, 2017, 08:41:02 PM »




MALAYSIA
Vegoils
Palm drops 3% as India raises import tax on edible oils
Reuters
/
Reuters

November 20, 2017 19:57 pm +08

-A+A
SINGAPORE (Nov 20): Malaysian palm oil futures fell to their lowest in three months on Monday evening as sentiment took a hit from India's move to raise import tax on edible oils to its highest in over a decade.

India, the world's largest importer of edible oils, said it would raise import tax on crude palm oil to 30% from 15% and increase import tax on refined palm oil imports to 40% from 25%.

Weaker export data from a cargo surveyor and a stronger ringgit, palm's currency of trade, also weighed on the market, traders said.

Gains in the ringgit usually make the edible oil more expensive for foreign buyers. The ringgit rose to 4.1470 against the dollar on Monday evening, its strongest level for more than a year. It was last up 0.3% at 4.1480 per dollar at the close of trade.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange dropped 3.2% to RM2,628 (US$633.56) a tonne by the end of the trading day, its sharpest daily drop since mid-February.

It earlier touched RM2,626, the weakest price since Aug. 16.

Traded volume stood at 54,764 lots of 25 tonnes each.

"The market reacted largely to India's import tax hike, which is quite steep, and then the ringgit also caused a downside," one Kuala Lumpur trader said.

Palm oil shipments from Malaysia for Nov. 1-20 fell 6.2% compared with the same period last month, according to data from cargo surveyor Intertek Testing Services before the market's midday break.

Another cargo surveyor, Societe Generale de Surveillance, reported in the evening that exports for the same period fell 8.8%.

In related edible oils, the December soybean oil contract on the Chicago Board of Trade was down as much as 1.6%, while the January soybean oil contract on the Dalian Commodity Exchange fell by up to 1.1%.

The January palm olein contract slid 1%.

Palm oil prices are affected by movements in other edible oils competing for a share of the global vegetable oils market.

Palm, soy and crude oil prices at 1059 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2592    -88.00      2590      2659       758
MY PALM OIL         JAN8       2607    -88.00      2606      2670      8942
MY PALM OIL         FEB8       2630    -86.00      2626      2683     24024
CHINA PALM OLEIN    JAN8       5434    -56.00      5402      5496    258516
CHINA SOYOIL        JAN8       5914    -68.00      5884      5974    345548
CBOT SOY OIL        DEC7      33.88     -0.56     33.84     34.42     16138
INDIA PALM OIL      NOV7     568.90    +21.80    553.40     568.9       128
INDIA SOYOIL        NOV7      693.3    +14.20       690    698.95      1450
NYMEX CRUDE         DEC7      56.42     -0.13     56.41     56.76      2949
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1480)
(US$1 = 65.0900 Indian rupees)
(US$1 = 6.6300 Chinese yuan)

Offline zuolun

  • Baronet
  • ****
  • Posts: 1,530
Re: CRUDE PALM OIL
« Reply #608 on: November 22, 2017, 09:04:29 AM »
Wilmar announces deal to buy Cargill's edible oil facilities in Kuantan​ ~ 20 Nov 2017
https://www.reuters.com/article/brief-wilmar-announces-deal-to-buy-cargi/brief-wilmar-announces-deal-to-buy-cargills-edible-oil-facilities-in-kuantan-idUSFWN1NQ085

Malaysian palm oil prices seen dropping further on India import duty increase from 15% to 30% ~ 21 Nov 2017
https://in.investing.com/news/commodities-news/update-1malaysian-palm-oil-prices-seen-dropping-further-on-india-import-duty-mistry-738174
Crude Palm Oil future: Resistance at 2,850 and 2,800, support at 2,650 and 2,600.


Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #609 on: November 22, 2017, 05:09:30 PM »




2622

21/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #610 on: November 23, 2017, 10:20:50 AM »




2644

22/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #611 on: November 23, 2017, 03:57:45 PM »



Palm falls on stronger ringgit, higher production outlook
Reuters
/
Reuters

November 23, 2017 15:10 pm +08

-A+A
KUALA LUMPUR (Nov 23): Malaysian palm oil futures fell in early trade on Thursday, and looked set for a fourth decline in five sessions, as the edible oil was weighed down by a stronger ringgit and prospects of rising production, traders said.

The ringgit rose to its strongest level in over a year on Thursday morning. It earlier gained as much as 0.4% at 4.0950 against the dollar, but was last slightly down 0.1% at 4.1120 around noon.

Gains in the ringgit, palm's currency of trade, usually make the vegetable oil more expensive for foreign buyers.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.7% at RM2,626 (US$638.62) a tonne at the midday break, its sharpest decline since Monday.

Traded volumes stood at 17,730 lots of 25 tonnes each at noon.

The market fell on the ringgit's strength, said a futures trader from Kuala Lumpur, adding that production is also key to market movements now.

"November output could increase or see only a marginal decline," he said.

Malaysia, the world's second largest producer, last saw monthly output gains of 12.9% in October, according to data from an industry regulator.

Palm output typically declines towards the year-end after peaking in August or September, but the lingering effects of the dry weather El Nino phenomenon in 2015 could have delayed seasonal patterns this year.

In other related edible oils, the January soybean oil contract on the Dalian Commodity Exchange declined 0.1%, while the January palm olein contract was down 0.6%.

The December soybean oil contract on the Chicago Board of Trade was not traded as the exchange was closed for a national holiday on Thursday.

Palm oil is impacted by movements in other edible oils as they compete for a share of the global vegetable oils market.

Palm, soy and crude oil prices at 0432 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2530    -55.00      2530      2563       298
MY PALM OIL         JAN8       2600    -21.00      2592      2616      1536
MY PALM OIL         FEB8       2626    -18.00      2617      2635      8071
CHINA PALM OLEIN    JAN8       5394    -30.00      5384      5438    141014
CHINA SOYOIL        JAN8       5912     -8.00      5906      5944    146420
CBOT SOY OIL        DEC7      34.05     +0.00         0   0   0
INDIA PALM OIL      NOV7     587.50     -2.90    586.60     588.1        23
INDIA SOYOIL        DEC7          0     +0.00   0   0   0
NYMEX CRUDE         JAN8      57.90     -0.12     57.85     58.06     14624
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1120)
(US$1 = 64.8775 Indian rupees)
(US$1 = 6.5926 Chinese yuan)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #612 on: November 23, 2017, 03:58:47 PM »




Flash
FGV expects CPO price to be between RM2,500 and RM2,700 in 1H18
theedgemarkets.com
/
theedgemarkets.com

November 23, 2017 15:12 pm +08

-A+A
Flash: FGV expects CPO price to be between RM2,500 and RM2,700 in 1H18

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #613 on: November 24, 2017, 12:27:13 PM »



2609

23/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #614 on: November 24, 2017, 02:19:43 PM »



Technicals
Palm oil to retest resistance at 2,649 ringgit
Reuters
/
Reuters

November 24, 2017 12:47 pm +08

-A+A
SINGAPORE (Nov 24): The palm oil third month contract may retest a resistance at 2,649 ringgit per tonne, as it has not completed a bounce from the Nov 21 low of 2,586 ringgit.

The bounce may consist of three waves. So far, only two have unfolded. The third wave labelled c is expected to start around 2,605 ringgit and travel towards 2,649 ringgit.

A bullish engulfing pattern forming on Nov 21 suggests a reversal of the downtrend. Further suggestion is given by a Fibonacci retracement analysis on the trend from the Oct 30 high of 2,855 ringgit.

A break below 2,605 ringgit could cause a loss limited to 2,586 ringgit. Only a further drop below 2,586 ringgit could confirm the continuation of the downtrend towards 2,540 ringgit, which is indicated by a falling trendline. - by Wang Tao, Reuters

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

(US$1 = 4.4430 ringgit)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #615 on: November 27, 2017, 02:21:55 PM »



2630

24/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #616 on: November 27, 2017, 04:25:19 PM »



MALAYSIA
Vegoils
Palm drops to 1-week low on weaker related edible oils
Reuters
/
Reuters

November 27, 2017 15:27 pm +08

-A+A
KUALA LUMPUR (Nov 27): Malaysian palm oil futures fell to their lowest in a week during early trade on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 1.4% to 2,594 ringgit (US$630.68) a tonne at the midday break. It earlier fell to 2,592 ringgit, its lowest since Nov 21.   

Traded volumes stood at 13,839 lots of 25 tonnes each at noon.

"Palm is down on weaker U.S. soyoil and (other oils on) the Dalian Commodity Exchange," said a futures trader from Kuala Lumpur.

Another trader said palm prices could see further declines on prospects of higher-than-forecast output in Malaysia, the world's second largest producer after Indonesia. Production rose 12.9% at end-October, according to industry regulator data.

Weakening exports could also further weigh on palm prices.

Shipments from Malaysia fell 8.4% for the Nov 1-25 period, according to cargo surveyor Intertek Testing Services on Saturday. 

In other related edible oils, the December soybean oil contract on the Chicago Board of Trade was down 0.4%, while the January soybean oil contract on the Dalian Commodity Exchange fell 1%.

Dalian's January palm olein contract dropped 1.9%. Palm oil is impacted by movements in other edible oils, as they compete for a share of the global vegetable oils market.Palm oil may fall into a range of 2,519-2,555 ringgit per tonne, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0542 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   DEC7   2500   -45.00   2500   2525   61
MY PALM OIL   JAN8   2561   -39.00   2561   2580   950
MY PALM OIL   FEB8   2594   -36.00   2592   2612   6027
CHINA PALM OLEIN   MAY8   5404   -92.00   5394   5514   276490
CHINA SOYOIL   JAN8   5872   -58.00   5868   5944   182438
CBOT SOY OIL   JAN8   33.97   -0.12   33.91   34.3   9244
INDIA PALM OIL   NOV7   588.10   -2.10   586.40   588.8   195
INDIA SOYOIL   DEC7   733.15   -0.40   731.95   733.7   4810
NYMEX CRUDE   JAN8   58.70   -0.25   58.62   58.99   35627
 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.1130 ringgit)
(US$1 = 64.7450 Indian rupees)
(US$1 = 6.5998 Chinese yuan)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #617 on: November 27, 2017, 08:54:39 PM »



Vegoils
Palm drops to four-month low on weaker related edible oils
Reuters
/
Reuters

November 27, 2017 19:44 pm +08

-A+A
KUALA LUMPUR (Nov 27): Malaysian palm oil futures fell to a four-month low on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Higher-than-forecast production growth and technical selling also contributed to the fall, traders said on Monday evening.

The benchmark palm oil contract for February delivery  on the Bursa Malaysia Derivatives Exchange was down 1.6% at RM2,589 (US$629.47) a tonne at the close of trade. It fell to RM2,565, its lowest in four months and matching the lowest daily levels of July 25.     

Traded volumes stood at 47,399 lots of 25 tonnes each at the close of trade.

"The market was under pressure on the sharp drop in Dalian palm olein," said a futures trader from Kuala Lumpur, adding that a positive production outlook also weighed.

Production in Malaysia, the world's second largest producer after Indonesia, last rose 12.9% by the end of October, according to industry regulator data.

Another trader said palm also weakened on a technical selling.

Falling exports could further weigh. Shipments from Malaysia fell 8.4% for the Nov 1-25 period, according to cargo surveyor Intertek Testing Services on Saturday.   

Another cargo surveyor Societe Generale de Surveillance had reported a decline of 8.6% in Malaysian exports during the same time period.

In other related edible oils, the December soybean oil contract on the Chicago Board of Trade was down 0.4%, while the January soybean oil contract on the Dalian Commodity Exchange fell 0.8%.

Dalian's January palm olein contract dropped 1.7%. Palm oil is impacted by movements in other edible oils as they compete for a share of the global vegetable oils market.

Palm oil may fall into a range of RM2,519-2,555 per tonne, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 1048 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2495    -50.00      2475      2525       389
MY PALM OIL         JAN8       2551    -47.00      2531      2580      4310
MY PALM OIL         FEB8       2585    -41.00      2565      2612     20093
CHINA PALM OLEIN    MAY8       5402    -94.00      5394      5514    329704
CHINA SOYOIL        JAN8       5882    -48.00      5868      5944    215216
CBOT SOY OIL        JAN8      33.94     -0.12     33.83      34.3     16890
INDIA PALM OIL      NOV7     588.40     -1.80    586.40     590.4       365
INDIA SOYOIL        DEC7     734.65     +1.10    731.95     736.9     14850
NYMEX CRUDE         JAN8      58.57     -0.38     58.34     58.99    112772
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1130)
(US$1 = 64.5825 Indian rupees)
(US$1 = 6.6010 Chinese yuan)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #618 on: November 28, 2017, 12:07:34 PM »



2589

27/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #619 on: November 29, 2017, 02:29:01 PM »



2587

28/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #620 on: November 30, 2017, 10:17:09 AM »



2563

29/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #621 on: November 30, 2017, 03:33:27 PM »



Highlight
SD Plantation MD sees CPO prices ending year at RM2,500 to RM2,600 per tonne
Supriya Surendran & Neily Syafiqah Eusoff
/
theedgemarkets.com

November 30, 2017 14:38 pm +08

-A+A
KUALA LUMPUR (Nov 30): Sime Darby Plantation Bhd (SD Plantation) executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh said the group expects the price of crude palm oil (CPO) to range between RM2,500 to RM2,600 per tonne in the near term.

"As far as we are concerned, we are looking at a price range of RM2,500 to RM2,600 [per tonne] in the near term which is right up till end of the year, and moving into 2018 we expect the price band to move higher... this is because we are going into the low cropping months, and the fundamentals of the business is something very much grounded on very long-term demand," he told reporters at a news conference in conjunction with the listing of SD Plantation, Sime Darby Property Bhd and Sime Darby Bhd as three pure plays today.

Bakke shared that the present gearing ratio of SD Plantation stood at 60%.

"We expect the gearing level to reduce by 1% to 2% by the end of the financial year [ending June 30, 2018]," he said.

Bakke was the former president and group chief executive officer of Sime Darby before its de-merger exercise.

On whether there would be a change in management style at SD Plantations compared to the old Sime Darby that housed the property, logistics, motors and healthcare businesses, Bakke said no as most of the key management of the plantations business is mostly unchanged.

"We have the same line-up of individuals. It's just looking at the focus of the business now that would be the big shift.

"Other than that, I think it is important to try to get the most out of everyone [on the team] that is important, and everybody understands his or her individual role," he said.

SD Plantation shares were down 58 sen (10.4%) to RM5.01 at noon market close today, with 11.1 million shares traded and for a market capitalisation of RM34.07 billion.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #622 on: December 04, 2017, 02:22:30 PM »



2603

30/11/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #623 on: December 05, 2017, 10:52:39 AM »



2588

4/12/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #624 on: December 05, 2017, 02:42:30 PM »



MALAYSIA
Technicals
Palm oil may fall into 2,519-2,555 ringgit range
Reuters
/
Reuters

December 05, 2017 11:40 am +08

-A+A
SINGAPORE (Dec 5): The palm oil third-month contract may fall into a range of 2,519 ringgit to 2,555 ringgit per tonne, as suggested by its wave pattern and a Fibonacci projection analysis.

The downtrend from the Oct 30 high of 2,855 ringgit consists of five waves. So far, only four have completed. The fifth wave could be travelling towards a range of 2,462 ringgit-2,519 ringgit, formed by the 161.8% and the 138.2% projection levels of a bigger wave C.

Strategically, the target zone of 2,519-2,555 ringgit will be confirmed, when palm oil breaks the support at 2,577 ringgit. Resistance is at 2,612 ringgit, a break above which could lead to a gain to 2,645 ringgit. - by Wang Tao, Reuters

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

(US$1 = 4.4430 ringgit)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #625 on: December 06, 2017, 10:18:19 AM »



2563

5/12/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #626 on: December 07, 2017, 12:25:52 PM »



2535

6/12/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #627 on: December 07, 2017, 04:24:19 PM »



MALAYSIA
Vegoils
Palm falls for fourth session, tracking weakness in related oils
Reuters
/
Reuters

December 07, 2017 14:36 pm +08

-A+A
KUALA LUMPUR (Dec 7): Malaysian palm oil futures extended falls into a fourth session on Thursday and hit their lowest in nearly five months, tracking weakness in related edible oils.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.4% at RM2,525 (US$618.72) a tonne at the midday break.

Earlier in the session, it dropped as much as 1.1% to its lowest since July 19 at RM2,506. It has shed about 3% so far this week, heading for a sixth straight weekly fall, and declined about 10% since Nov. 1.

Traded volumes stood at 11,960 lots of 25 tonnes each at Thursday noon.

"We're seeing some spillover from the overnight drop in soyoil on the Chicago Board of Trade," said a Kuala Lumpur-based trader.

Heavy losses on Dalian may extend palm's downside, said another trader.

Palm oil prices are affected by movements in other edible oils as they compete for a share of the global vegetable oils market.

The January soybean oil contract on the Chicago Board of Trade fell 1% in the previous session, in line with a broad downturn seen in many commodities, as the US dollar strengthened.

It was last down 0.03% at 0430 GMT on Thursday.

In other related oils, the January soybean oil contract on the Dalian Commodity Exchange fell 1.2%, while the Dalian January palm olein contract declined 1.3%.

Palm oil may test a support at RM2,519 per tonne, a break below which could cause a loss to the next support at RM2,491, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0433 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2440     +5.00      2435      2441        70
MY PALM OIL         JAN8       2497    -10.00      2478      2501       336
MY PALM OIL         FEB8       2525    -10.00      2506      2530      5950
CHINA PALM OLEIN    MAY8       5336    -68.00      5292      5388    292570
CHINA SOYOIL        MAY8       5920    -70.00      5876      5990    290058
CBOT SOY OIL        JAN8      33.16     +0.00     33.01     33.23      3376
INDIA PALM OIL      DEC7     574.00     -0.30    574.00     574.9        10
INDIA SOYOIL        DEC7          0     +0.00    0   0   0
NYMEX CRUDE         JAN8      56.17     +0.21     55.99     56.19     19502
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.0810)
(US$1 = 64.5050 Indian rupees)
(US$1 = 6.6132 Chinese yuan)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #628 on: December 07, 2017, 08:36:20 PM »



Vegoils
Palm hits five-month low on weakness in related oils
Reuters
/
Reuters

December 07, 2017 19:55 pm +08

-A+A
KUALA LUMPUR (Dec 7): Malaysian palm oil futures extended falls into a fourth session on Thursday, hitting their lowest in nearly five months in the evening, tracking weakness in related edible oils.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed 1.3% down at 2,502 ringgit (US$612.33) a tonne, having touched its lowest since July 19 at 2,499 ringgit.

Palm oil has shed about 3.9% so far this week, heading for a sixth weekly fall, and is down by about 10% since Nov 1.

Traded volumes stood at 32,052 lots of 25 tonnes each by Thursday evening.

"Palm fell in the evening in line with sharper declines seen in soyoil on the Chicago Board of Trade," one Kuala Lumpur-based trader said, adding heavy losses on China's Dalian Commodity Exchange could extend palm's downside.

"I'm also worried about the stock levels in the country," another trader said.

November's palm oil inventory levels are expected to come in at 2.44 million tonnes, up 11.4% from the previous month, a Reuters poll showed. Official data from the Malaysian Palm Oil Board is scheduled for release on Dec 12.

That would be Malaysia's highest stock level in two years.

In related oils, the January soybean oil contract on the Chicago Board of Trade fell 0.6% and the January soybean oil contract on the Dalian Commodity Exchange retreated by 2%.

The Dalian January palm olein contract declined by 1.7%.

Palm oil prices are affected by movements in other edible oils competing in the global vegetable oils market.

Palm oil could test support at 2,519 ringgit a tonne, a break below which could cause a loss to the next support at 2,491 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals.
   
 Palm, soy and crude oil prices at 1052 GMT
 Contract          Month    Last   Change     Low   High  Volume
 MY PALM OIL       DEC7     2438   -25.00    2418   2441      94
 MY PALM OIL       JAN8     2473   -32.00    2471   2501    1061
 MY PALM OIL       FEB8     2500   -33.00    2499   2530   16126
 CHINA PALM OLEIN  MAY8     5316   -88.00    5292   5388  364918
 CHINA SOYOIL      MAY8     5880  -110.00    5860   5990  379818
 CBOT SOY OIL      JAN8    32.97    +0.00   32.93  33.23    7326
 INDIA PALM OIL    DEC7   568.40    -5.90  568.00  574.9    1325
 INDIA SOYOIL      DEC7      717    -4.65     715  722.8    8360
 NYMEX CRUDE       JAN8    56.25    +0.29   55.82  56.30   95582

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.0860 ringgit)
(US$1 = 64.5700 Indian rupees)
(US$1 = 6.6152 Chinese yuan)

Offline zuolun

  • Baronet
  • ****
  • Posts: 1,530
Re: CRUDE PALM OIL
« Reply #629 on: December 08, 2017, 10:13:03 AM »
U.S. confirms duties on Argentine, Indonesian biofuel ~ 6 Dec 2017
https://www.reuters.com/article/us-usa-biodiesel/u-s-confirms-duties-on-argentine-indonesian-biofuel-idUSKBN1DZ2NF
Argentina’s foreign ministry in Nov said the anti-subsidy duties that were as high as 72.28% made their biodiesel too expensive for the U.S. market. Its biodiesel exports in the third quarter fell 30%, due in part to the duties.

Palm drops to near 5-month low on rising stocks, slow demand outlook ~ 6 Dec 2017
https://finance.yahoo.com/news/vegoils-palm-drops-near-5-105924762.html
Palm oil futures for February delivery was down 1.1% at RM2,535 a tonne. It earlier fell to an intraday low of RM2,530 a tonne.

Malaysian palm oil prices seen dropping further on India import duty increase from 15% to 30% ~ 21 Nov 2017
https://in.investing.com/news/commodities-news/update-1malaysian-palm-oil-prices-seen-dropping-further-on-india-import-duty-mistry-738174

Argentine, Indonesian biodiesel face U.S. dumping penalty ~ 24 Oct 2017
https://www.bloomberg.com/news/articles/2017-10-23/argentine-biodiesel-faces-u-s-dumping-rates-of-up-to-70-percent
The U.S. Commerce Department set preliminary import duties of as much as 70.05% on Argentine imports and set a 50.71% rate on biodiesel from Indonesia.

Malaysia raises palm oil export tax to 6.5% for Nov from 6% in Oct ~ 12 Oct 2017
https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-Raises-Palm-Oil-Export-Tax-To-6.5-For-November-From-6.0-In-October
Malaysia has a multi-tier tax rate of between 4.5% and 8.5% for exports of crude palm oil that kicks in when prices exceed RM2,250 a ton.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #630 on: Yesterday at 10:12:57 AM »



2535

8/12/17

Online king

  • King
  • ***********
  • Posts: 68,663
Re: CRUDE PALM OIL
« Reply #631 on: Yesterday at 02:27:27 PM »



MALAYSIA
Vegoils
Palm in line for sixth consecutive decline on bearish data outlook
Reuters
/
Reuters

December 11, 2017 13:55 pm +08

-A+A
KUALA LUMPUR (Dec 11): Malaysian palm oil futures slid to fresh lows in early trade on Monday, hitting their lowest in five and a half months, as traders were cautious ahead of official data from the Malaysian Palm Oil Board (MPOB) scheduled for release on Tuesday.

Palm oil stockpiles in Malaysia, the world's second-largest producer after Indonesia, are seen rising in November as export volumes fall faster than output, weighing on prices.     

A Reuters poll forecast that inventories at end-November will rise 11.4% to 2.44 million tonnes on-month, its highest levels in about two years, while output is pegged to drop 3% to 1.95 million tonnes.

Exports are forecast to fall 6% from October to 1.45 million tonnes in November.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell 0.5% to RM2,467 (US$604.66) a tonne at the midday break, in line for a sixth day of declines.

It earlier fell to RM2,465, its lowest since June 29.     

Trading volumes at the midday break stood at 14,974 lots of 25 tonnes each.

"Palm oil futures are trading cautiously ahead of November supply and demand data from MPOB," said a futures trader from Malaysia, adding expectations of a decline in exports for the first 10 days of December also contributed to falling prices.

Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance are scheduled to release Dec. 1-10 export data for Malaysian palm oil shipments on Monday afternoon.

Palm oil may fall to RM2,462 per tonne, a break below which could cause a loss to RM2,426, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related oils, the January soybean oil contract on the Chicago Board of Trade was down 0.6%, while the January soybean oil contract on the Dalian Commodity Exchange was slightly down 0.1%.

The Dalian January palm olein contract also dipped 0.2%.

Palm oil prices are affected by other edible oils as they compete for a share in the global vegetable oils market.

Palm, soy and crude oil prices at 0534 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2360    -19.00      2360      2375        50
MY PALM OIL         JAN8       2427    -17.00      2426      2455       853
MY PALM OIL         FEB8       2467    -12.00      2465      2495      5724
CHINA PALM OLEIN    MAY8       5318    -10.00      5308      5358    224640
CHINA SOYOIL        MAY8       5884     +2.00      5834      5908    278658
CBOT SOY OIL        JAN8      33.43     -0.16     33.42     33.56      5307
INDIA PALM OIL      DEC7     559.00     -2.10    558.00     560.7       185
INDIA SOYOIL        DEC7      713.8     +1.40     713.3     716.5       890
NYMEX CRUDE         JAN8      57.10     -0.26     57.02     57.27     20136
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.0800)
(US$1 = 64.3500 Indian rupees)
(US$1 = 6.6156 Chinese yuan)

Malaysia's Biggest Investment Forum

Re: CRUDE PALM OIL
« Reply #631 on: Yesterday at 02:27:27 PM »