Commodities Roundup
Business Times
Thursday - July 03, 2008
CPO FUTURES
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday influenced by rising crude oil and soyaoil prices overnight, dealers said.
They said the rising crude oil price, which climbed above US$142 per barrel yesterday, had contributed to the stronger performance of CPO which could be used as raw materials for biodiesel.
A dealer said the local market would continue to rely on external factors for direction.
At the close, July 2008 gained RM27 to end at RM3,545, August 2008 added RM40 to RM3,605, September 2008 rose RM41 to RM3,616 and October 2008 surged RM44 to settle at RM3,624 per tonne.
Volume fell to 6,805 lots from 7,328 lots Tuesday. Open interests, however, rose to 44,339 contracts from 44,053 contracts previously.
On the physical market, July South went up by RM80 to RM3,650 per tonne.
