PALM OIL PRICES ON BURSA MALAYSIA DERIVATIVES BHD
Friday, July 4, 2008
Source from The Star

The Crude Palm Oil Futures Closing : Thursday, 3 July 2008

(Prices are in RM/tonne)

MONTH	OPEN	HIGH	LOW	SETT	VOL	O.P.
JUL  08	3532	3580	3500	3570	121	571
AUG  08	3605	3623	3575	3623	1085	9046
SEP  08	3620	3647	3592	3635	5636	15516
OCT 08	3628	3659	3603	3659	1239	5817
NOV 08	3625	3625	3625	3660	15	2910
DEC 08				3659		324
JAN  09	3650	3650	3650	3657	10	2506
MAR 09	3595	3645	3595	3640	283	1138
MAY 09				3630		835
JUL 09				3642		1898
SEP  09				3634		816
NOV 09				3605		320
JAN 10				3577		711
MAR10				3581		137
MAY10	3600	3600	3600	3600	50	1150

 

	Total Open Position	: 43,705 ctrs
	Total Turnover	:   8,439 lots
	Market Tone	: Higher

The Palm Kernel Oil Futures

(Prices are in RM/tonne)

MONTH	OPEN	HIGH	LOW	SETT	VOL	O.P
MAY  08				4423
JUN  08				4423
JUL  08				4423
AUG  08				4423
SEP  08				4423

 

	Total Open Position	: Nil
	Total Turnover	: Nil

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher today, as it is continued tracking the strong crude oil price which soared to a new record of US$146 per barrel.

The local futures market which stumbled during the midday session, return to its strong position after receiving a boost from stronger external factors. The benchmark September contract closed higher by RM19 at RM3,635/MT compared to yesterday’s closing of RM3,616/MT. The local market took the cue from the stronger Chicago Board of Trade (CBOT).

“Our CPO prices discount more than US$300 per tonne compared to soyoil. This situation continued to attract more foreign players into the market.

CPO is expected to be traded RM3,700/MT tomorrow. On the physical market, July South was unchanged at yesterday’s RM3,650/MT.

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