热门标签

环球ug开户(www.ugbet.us):CPO futures likely to see profit-taking activities next week

时间:3周前   阅读:3   评论:2

环球ug开户www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower next week on profit-taking activities.

Interband Group of Companies senior palm oil trader Jim Teh said stocks are expected to remain high in Malaysia due to Indonesia’s lower Indonesian export prices.

"As such, the price movement next week is expected to confine between RM3,100 and RM3,300 per tonne,” he told Bernama.

Indonesia is trying to clear their high inventories by waiving its export levy, effective July 15 to Aug 31, 2022.

Meanwhile, palm oil trader David Ng expects futures prices to trade with a downside bias given the expectation of higher production and stock level ahead of the key crop report due to be released next week.

For the trading week just ended, Malaysian CPO futures were mostly lower, weighed by strong competition from lower Indonesian export prices and higher inventory concerns in the coming weeks.

According to CGS-CIMB Securities Sdn Bhd, Malaysia’s CPO output is expected to grow by 2.8 per cent month-on-month (m-o-m) and 4.3 per cent year-on-year to 1.59 million tonnes in July 2022.

,

皇冠买球网www.hg108.vip)是皇冠体育官网线上直营平台。皇冠买球网面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网可下载皇冠官方APP,皇冠买球网APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

It also said Malaysia’s palm oil stocks are estimated to rise by 9.8 per cent m-o-m to 1.82 million tonnes as at the end of July 2022, mainly due to higher output.

On a Friday-to-Friday basis, spot month August 2022 shed RM10 to RM4,020 a tonne, September 2022 was RM36 lower at RM3,923 a tonne and October 2022 was down RM79 to RM3,878 a tonne.

November 2022 slid RM100 to RM3,879 a tonne, December 2022 decreased RM66 to RM3,913 a tonne and January 2023 declined RM123 to RM3,966 per tonne.

Total volume expanded to 336,919 lots from 295,872 lots in the previous week, while open interest narrowed to 195,371 contracts from 215,234 contracts previously.

The physical CPO price for August South rose by RM50 to RM4,050 a tonne. - Bernama


转载说明:本文转载自Sunbet。

上一篇:欧博客户端下载(www.aLLbet8.vip):BookDoc CEO Chevy Beh passes away at 37

下一篇:环球ug代理开户(www.ugbet.us):Fed minutes may point to rationale for size of future rate hikes

网友评论

  • 2022-09-11 00:39:28

    Companies in the interest rate-sensitive housing and technology industries have been laying off workers in response to slowing demand caused by the Federal Reserve's aggressive monetary policy tightening campaign to tame inflation.守护你~