The Crude Palm Oil Futures Closing
PALM OIL PRICES ON BURSA MALAYSIA
Tuesday, July 1, 2008
Source from The Star
The Crude Palm Oil Futures Closing : Monday, 30 June 2008
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P. |
|
JUL 08 |
3580 |
3595 |
3540 |
3540 |
146 |
1102 |
|
AUG 08 |
3590 |
3617 |
3570 |
3587 |
1359 |
11004 |
|
SEP 08 |
3601 |
3629 |
3580 |
3598 |
3409 |
14659 |
|
OCT 08 |
3612 |
3631 |
3590 |
3605 |
577 |
5057 |
|
NOV 08 |
3601 |
3627 |
3580 |
3606 |
59 |
2963 |
|
DEC 08 |
- |
- |
- |
3602 |
- |
224 |
|
JAN 09 |
- |
- |
- |
3600 |
- |
2506 |
|
MAR 09 |
3547 |
3580 |
3545 |
3580 |
137 |
1080 |
|
MAY 09 |
- |
- |
- |
3549 |
- |
835 |
|
JUL 09 |
3560 |
3560 |
3550 |
3550 |
35 |
1895 |
|
SEP 09 |
3550 |
3550 |
3550 |
3550 |
5 |
811 |
|
NOV 09 |
3540 |
3550 |
3540 |
3550 |
30 |
310 |
|
JAN 10 |
3490 |
3490 |
3490 |
3490 |
5 |
706 |
|
MAR10 |
3500 |
3500 |
3500 |
3500 |
5 |
132 |
|
MAY10 |
3500 |
3500 |
3492 |
3492 |
255 |
645 |
|
|
|
|
|
|
Total Open Position |
: 43,929 ctrs |
|
|
Total Turnover |
: 6,022 lots |
|
|
Market Tone |
: Lower |
|
|
|
|
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
JUL 08 |
|
|
|
4423 |
|
|
|
AUG 08 |
|
|
|
4423 |
|
|
|
SEP 08 |
|
|
|
4423 |
|
|
|
OCT 08 |
|
|
|
4423 |
|
|
|
NOV 08 |
|
|
|
- |
|
|
|
DEC 08 |
|
|
|
- |
|
|
|
JAN 09 |
|
|
|
- |
|
|
|
MAR 09 |
|
|
|
- |
|
|
|
MAY 09 |
|
|
|
- |
|
|
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
Crude Palm Oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower today as the market reacted to the negative palm oil data for June 2008 release by two cargo surveyors, dealers said.
Societe Generale de Surveillance reported that exports of Malaysian palm oil prducts for June 2008 fell 12.5% to about 1,106,635 tonnes from 1,264,757 tonnes last month. Intertek Testing Survices etimated a 1% drop to 1,086,572 tonnes from 1,209,475 tonnes previously.
The dealers said that the market also saw some profittaking activities after last Friday’s rally.
At the closing of CPO futures trading July 2008 dropped RM30 to RM3,540 per tonne and August 2008 lost RM18 to RM3,587 per tonne. September 2008 decreased RM25 to settle at RM3,598 per tonne and October 2008 closed lower by RM16 at RM3,605 per tonne.
The day’s volume declined to 6,022 lots from 12,168 lots last Friday while open interest went down to 43,929 contracts from 45,140 contracts previously. On the physical market, July South was lower at RM3,620 per tonne compared to RM3,630 per tonne at last Friday’s closing.
- Bernama
