a55555.net彩票网(www.a55555.net):CPO futures to extend winning streak next week

时间:2个月前   阅读:6   评论:1

皇冠足球平台开户www.hg108.vip)是皇冠体育官网线上开户平台。皇冠足球平台开户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。皇冠足球平台开户可下载皇冠官方APP,皇冠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。

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is projected to extend its uptrend next week after a three-day winning streak on optimism over the outlook for oil and vegetable oils.

Palm oil trader David Ng expects futures prices to move between RM3,700 and RM4,500 per tonne next week.

Market sentiment was lifted by the current heat wave in the United States (US), which had affected soybean output.

It was reported that the heat wave in the Pacific Northwest is expected to last longer than initially predicted with a higher chance for the US Department of Agriculture to end up cutting 2022 soybean yield forecasts.

This, in turn, may support the demand for CPO, a cheaper oil compared to soybean oil.

However, Ng reckons that the market may see some pressure from Indonesia's palm oil supply glut.

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

,

a55555.net彩票网www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

,

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said that with the expected bearish July supply and demand estimates to be released next week, prices may fall from the highs recorded on Friday.

The CPO futures rose to a three-week high yesterday amid rising prices of oil and competing soyabean and rapeseed oils boosted demand.

For the trading week just ended, Malaysian CPO futures were mostly higher.

On a Friday-to-Friday basis, spot month August 2022 jumped RM323 to RM4,030 a tonne, September 2022 was RM258 higher at RM3,959 a tonne and October 2022 was up RM237 to RM3,957 a tonne.

November 2022 and December 2022 increased RM228 to RM3,979 a tonne and RM4,028 a tonne respectively, while January 2023 added RM239 to RM4,089 per tonne.

Total volume, however, decreased to 295,872 lots from 360,695 lots in the previous week, while open interest narrowed to 215,234 contracts from 264,060 contracts previously.

The physical CPO price for August South rose sharply by RM600 to RM4,400 a tonne. - Bernama


转载说明:本文转载自Sunbet。

上一篇:皇冠足球平台开户:老店爆新单,县城夫妻店借即时零售“打败”连锁商超

下一篇:沪指失守3100点:逾4200股收跌,成交不足6700亿

网友评论

  • 2022-09-28 00:17:45

    “I challenge the management of this hospital to develop its own medical approaches or vaccines and not remain satisfied with the services which are already in place.”我看还可以,大家呢?