The Crude Palm Oil Futures Closing
PALM OIL PRICES ON BURSA MALAYSIA
Thursday, August 14, 2008
Source from The Star
The Crude Palm Oil Futures Closing : Wednesday, 13 August 2008
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P. |
|
AUG 08 |
|
|
|
2553 |
|
647 |
|
SEP 08 |
2608 |
2641 |
2510 |
2551 |
1450 |
4186 |
|
OCT 08 |
2600 |
2646 |
2513 |
2548 |
995 |
17982 |
|
NOV 08 |
2583 |
2643 |
2515 |
2550 |
3695 |
11904 |
|
DEC 08 |
2580 |
2640 |
2515 |
2550 |
361 |
4968 |
|
JAN 09 |
2580 |
2641 |
2515 |
2555 |
418 |
2753 |
|
MAR 09 |
2555 |
2555 |
2555 |
2555 |
5 |
1943 |
|
MAY 09 |
|
|
|
2556 |
|
2328 |
|
JUL 09 |
2541 |
2541 |
2541 |
2541 |
10 |
2335 |
|
SEP 09 |
|
|
|
2541 |
|
968 |
|
NOV 09 |
|
|
|
2560 |
|
471 |
|
JAN 10 |
2560 |
2560 |
2560 |
2560 |
5 |
829 |
|
MAR10 |
2560 |
2560 |
2560 |
2560 |
5 |
183 |
|
MAY10 |
2560 |
2560 |
2560 |
2560 |
5 |
1109 |
|
JUL 10 |
|
|
|
2560 |
|
33 |
|
|
|
|
|
|
Total Open Position |
: 52,639 ctrs |
|
|
Total Turnover |
: 15,949 lots |
|
|
|
|
The Palm Kernel Oil Futures
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
VOL |
O.P |
|
AUG 08 |
|
|
|
4149 |
|
|
|
SEP 08 |
|
|
|
4149 |
|
|
|
OCT 08 |
|
|
|
4149 |
|
|
|
NOV 08 |
|
|
|
4149 |
|
|
|
DEC 08 |
|
|
|
4149 |
|
|
|
JAN 09 |
|
|
|
4149 |
|
|
|
MAR 09 |
|
|
|
4149 |
|
|
|
MAY 09 |
|
|
|
4149 |
|
|
|
JUL 09 |
|
|
|
4149 |
|
|
|
|
|
|
|
|
Total Open Position |
: Nil |
|
|
Total Turnover |
: Nil |
|
|
|
|
LATE session’s selling momentum reversed early gains in the CPO futures, as crude oil futures slipped lower towards the US$110 / barrel mark.
The October delivery contract fell RM13 to close at RM2,548/MT. Early session’s short-term technical inspired recovery in the October contract was meet by agressive selling above the RM2,640/MT levels. Price stalls above it and later pinned down below the RM2,600/MT support level.
With no fresh positive fundamental feature to influence prices today, the market is still subjected to further weakness towards the next lower objective levels at RM2,498/MT and/or RM2,444/MT in the immediate-term.
