新2备用网址www.hg108.vip)是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

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.

,

登1登2登3代理www.hg108.vip)实时更新发布最新最快最有效的登1登2登3代理网址,包括新2登1登2登3代理手机网址,新2登1登2登3代理备用网址,皇冠登1登2登3代理最新网址,新2登1登2登3代理足球网址,新2网址大全。

,

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。 皇冠官方app声明:该文看法仅代表作者自己,与本平台无关。转载请注明:CPO futures likely to see profit-taking activities next week
发布评论

分享到:

皇冠线上开户:LSH Capital diversifies into construction business
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。