Commodity Roundup: CPO futures trade lower for 3rd day
Business Times
Friday - September 28, 2007
CPO FUTURES
Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd ended mostly lower for the third day in a row on profit-taking following Monday’s strong gains, said dealers yesterday.
It had closed to its near four month high on that day.
However, dealers said general sentiment remained strong amid higher rival soyaoil prices where both commodities are competing for the same market.
Spot month Oct གྷ rose RM6 to settle at RM2,646 per tonne, Nov གྷ shed RM3 to RM2,615, Dec གྷ slipped RM7 to RM2,605 and Jan ང fell RM7 to RM2,598 per tonne.
At close, overall volume stood at 15,469 lots, up from Wednesday 9,212 lots, while open interest fell to 48,154 contracts versus 49,322 contracts previously.
On the physical market, September South rose to RM2,685 per tonnes from Wednesday RM2,670 per tonnes.
