FCPO Sep month dropped 45 points or 1.15% to closed lower at 3883. Malaysian palm oil futures experienced a significant decline on Tuesday following the Eid holiday, influenced by lower Chicago soybean oil prices and a decrease in export figures, which put pressure on the market.
According to cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia, Malaysian palm oil product exports from June 1-15 are estimated to have dropped by 19.8% to 21.6%. Concurrently, Societe Generale de Surveillance (SGS) reports that exports totaled 488,388 metric tons during this period, an increase from the 426,947 metric tons shipped from May 1-15, as per LSEG.
Overnight Soybean oil Dec Month rose 0.71 to 44.44. Soybean oil Futures closed higher. Dalian’s active palm oil contract rise 70 to 7664 at yesterday night session.
Tracking the bullish performance in competing edible oils markets, palm prices are anticipated to trade higher, however upside could limit. The immediate support and resistance levels are pinpointed at 3884 and 3948, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.075 | -0.025 | 112.50M | |
| 0.060 | -0.010 | 92.26M | |
| 0.145 | -0.010 | 87.37M | |
| 0.135 | -0.010 | 78.70M | |
| 0.695 | 0.085 | 74.77M | |
| 0.105 | -0.005 | 57.23M | |
| 0.250 | -0.010 | 57.11M | |
| 0.910 | -0.035 | 53.67M | |
| 0.385 | 0.000 | 52.26M | |
| 0.635 | 0.015 | 47.63M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 13.800 | 0.360 | 91.70K | |
| 15.680 | 0.320 | 81.80K | |
| 31.280 | 0.280 | 25.50K | |
| 30.480 | 0.200 | 99.00K | |
| 4.530 | 0.160 | 274.70K | |
| 5.380 | 0.130 | 411.00K | |
| 3.570 | 0.120 | 1.96M | |
| 1.200 | 0.110 | 2.49M | |
| 2.980 | 0.110 | 6.95M | |
| 20.480 | 0.100 | 9.70K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 101.000 | -0.800 | 13.30K | |
| 18.260 | -0.700 | 167.40K | |
| 27.200 | -0.400 | 51.60K | |
| 4.820 | -0.230 | 70.60K | |
| 19.200 | -0.220 | 128.20K | |
| 20.480 | -0.220 | 656.50K | |
| 19.280 | -0.220 | 343.80K | |
| 19.520 | -0.180 | 3.10K | |
| 0.075 | -0.125 | 58.00K | |
| 7.880 | -0.120 | 221.00K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.186095 | 4.224386 |
| EUR | 4.685732 | 4.700656 |
| CNY | 0.595462 | 0.596801 |
| HKD | 0.537358 | 0.541779 |
| SGD | 3.239345 | 3.269267 |
Last Updated: Monday, September 23, 2024
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