U交所(www.usdt8.vip)是使用TRC-20协议的Usdt官方交易所,开放USDT帐号注册、usdt小额交易、usdt线下现金交易、usdt实名不实名交易、usdt场外担保交易的平台。免费提供场外usdt承兑、低价usdt渠道、Usdt提币免手续费、Usdt交易免手续费。U交所开放usdt otc API接口、支付回调等接口。

首页社会正文

High supply concern to weigh on CPO futures next week

admin2022-08-302

telegram英文搜索机器人www.tel8.vip)是一个Telegram群组分享平台。telegram英文搜索机器人包括telegram英文搜索机器人、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram英文搜索机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to experience technical correction next week, as concerns over production and inventory will weigh on investors’ appetite.

Interband Group of Companies senior palm oil trader Jim Teh said the current high supply in palm oil producing countries might continue to hurt CPO prices next week, which will likely range between RM3,400 and RM3,600 a tonne.

"The market will move in a yo-yo mode as investors are cautious. There are high inventories in producing countries such as Malaysia and Indonesia following good weather, and this will influence trading,” he told Bernama.

Commenting on the extension of Indonesia’s palm oil export levy waiver to Oct 31, Teh said the new policy would continue to weigh on the local market as the cheaper prices offered by Indonesia would definitely woo more buyers.

This included potential demand from India ahead of a series of Hindu festivals lined up over the next two months starting with Ganesh Chaturthi, Navaratri, Dussehra, and the biggest festival in the country, Deepavali.

"Price-wise, we may be losing to Indonesia. However, our ports efficiency that is better than Indonesia will provide us some advantages,” he said, citing forex speculative play by traders and the movement of ringgit versus the US dollar would also weigh on buying next week.

For the week-just-ended, Malaysian CPO futures started the week on a firm note mostly influenced by the bullish soybean market. Trend started to decline Thursday onwards due to concerns over inventory.

,

线上博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。线上博彩网址上线上博彩网址会员登录线路、线上博彩网址代理网址更新最快。线上博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

On Wednesday, the Malaysian Palm Oil Association announced that Malaysia’s CPO production for August 1-20 rose 16.18 per cent month-on-month, with production in Peninsular Malaysia increasing by 11.87 per cent, Sabah (+33.36 per cent) and Sarawak (+4.66 per cent).

On a Friday-to-Friday basis, the CPO futures contract for spot month September 2022 increased by RM59 to RM4,149 a tonne, October 2022 advanced RM73 to RM4,174 a tonne, November 2022 was RM79 higher at RM4,172 a tonne, and December 2022 surged RM178 to RM4,281 a tonne.

Meanwhile, January 2023 rose RM87 to RM4,219 a tonne and February 2023 soared RM152 to RM4,333 a tonne.

Total volume expanded to 304,049 lots from 278,307 lots in the previous week, while open interest narrowed to 181,420 contracts from 183,505 contracts previously.

The physical CPO price for September South fell RM50 to RM4,250 a tonne. - Bernama


转载说明:本文转载自Sunbet。

网友评论