CPO FUTURES
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed on a firm note yesterday with the prices touching 33-month high, dealers said.
They attributed the bullish market to shrinking supplies as production continued to fall due to disruption in harvests in Indonesia and Malaysia.
On the futures market, January 2011 rose RM22 to end at RM3,907 a tonne, February 2011 added RM40 to RM3,913, March 2011 rose RM36 to RM3,888 and April 2010 was RM29 higher at RM3,863.
Turnover fell to 3,797 lots from 14,768 on Monday while open interest fell to 87,668 contracts from 88,544 previously.
On the physical market, January South rose to RM3,900 from RM3,860 previously.
RUBBER
RUBBER prices closed at a record high yesterday supported by limited supply and strong demand from tyre makers, dealers said.
The Malaysian Rubber Board’s official physical seller price for tyre-grade SMR 20 was up eight sen to 1,514 sen a kg, a level unseen since December 24 last year. Latex-in-bulk was also 2 sen higher at 988 sen.
The unofficial seller closing price for tyre-grade SMR 20 increased 10.5 sen to 1,519 sen , while, latex-in-bulk went up 3.5 sen to 990 sen.
TIN
TIN price on the Kuala Lumpur Tin Market (KLTM) was unchanged at US$26,800 (US$1.00 = RM3.06) per tonne at close yesterday, a dealer said.
Trading was light amid a lack of fresh leads as the London Metal Exchange (LME) was closed on Monday, the dealer said.
On the KLTM, the turnover increased to 60 tonnes from Monday's 40 tonnes with the participation of Japanese, European and local traders.
At the opening bell, buyers bid for 60 tonnes while sellers offered 65 tonnes. The price differential between the KLTM and the LME was also unchanged at US$285 per tonne. - Bernama
Read more: CPO futures end firmer http://www.btimes.com.my/articles/CloseFire/Article/#ixzz1A6tBEl5k
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed on a firm note yesterday with the prices touching 33-month high, dealers said.
They attributed the bullish market to shrinking supplies as production continued to fall due to disruption in harvests in Indonesia and Malaysia.
On the futures market, January 2011 rose RM22 to end at RM3,907 a tonne, February 2011 added RM40 to RM3,913, March 2011 rose RM36 to RM3,888 and April 2010 was RM29 higher at RM3,863.
On the physical market, January South rose to RM3,900 from RM3,860 previously.
RUBBER
RUBBER prices closed at a record high yesterday supported by limited supply and strong demand from tyre makers, dealers said.
The Malaysian Rubber Board’s official physical seller price for tyre-grade SMR 20 was up eight sen to 1,514 sen a kg, a level unseen since December 24 last year. Latex-in-bulk was also 2 sen higher at 988 sen.
The unofficial seller closing price for tyre-grade SMR 20 increased 10.5 sen to 1,519 sen , while, latex-in-bulk went up 3.5 sen to 990 sen.
TIN
TIN price on the Kuala Lumpur Tin Market (KLTM) was unchanged at US$26,800 (US$1.00 = RM3.06) per tonne at close yesterday, a dealer said.
Trading was light amid a lack of fresh leads as the London Metal Exchange (LME) was closed on Monday, the dealer said.
On the KLTM, the turnover increased to 60 tonnes from Monday's 40 tonnes with the participation of Japanese, European and local traders.
At the opening bell, buyers bid for 60 tonnes while sellers offered 65 tonnes. The price differential between the KLTM and the LME was also unchanged at US$285 per tonne. - Bernama
Read more: CPO futures end firmer http://www.btimes.com.my/articles/CloseFire/Article/#ixzz1A6tBEl5k
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