首页 社会内容详情
足球免费贴士网(www.ad168.vip):CPO futures likely to see profit-taking activities next week

足球免费贴士网(www.ad168.vip):CPO futures likely to see profit-taking activities next week

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

皇冠管理端www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端网址,包括皇冠管理端手机网址,皇冠管理端备用网址,皇冠管理端最新网址,皇冠管理端足球网址,皇冠管理端网址大全。

DO NOT RE-USE, STRICTLY FOR PALM PORTRAITS PHOTOGRAPHY CONTEST. Image provided by the Malaysian Palm Oil Council. Bountiful Harvest, Nature’s Pride: A bountiful harvest of oil palm fruits, nature’s pride. Photo by Chow Kok Cheng

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend downward next week on profit-taking activities.

Interband Group of Companies senior palm oil trader Jim Teh said the price movement next week is expected to confine between RM3,200 and RM3,700 per tonne.

"The lower forecast is mainly due to July’s high CPO stock in Malaysia and Indonesia. Demand is so-so (neither very good nor very bad)," he told Bernama.

The Malaysian Palm Oil Board (MPOB), in its report released on Aug 10, revealed Malaysia’s CPO stocks for July 2022 rose 2.79 per cent to 905,946 tonnes from 881,315 tonnes recorded in June 2022.

Overall, palm oil stocks increased 7.71 per cent to 1.77 million tonnes from 1.65 million tonnes in the preceding month.

He added that world uncertainties like Ukraine's war and increasing worries about global economic slowdown coupled with inflation and recession concerns have led to performance declines in most commodity markets, including the CPO.

,

足球免费贴士网www.ad168.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

Meanwhile, palm oil trader David Ng is a bit bullish in his projection of the CPO futures which he expects to trade between RM3,900 and RM4,200 per tonne.

He foresees the CPO futures to trend with upside bias given the bargain buying activities amid the weaker ringgit against the US dollar and the expectation of stronger exports in the coming weeks.

On a Friday-to-Friday basis, the spot month September 2022 decreased RM315 to RM4,090 a tonne, October 2022 lost RM306 to RM4,101 a tonne, November 2022 was RM318 lower at RM4,093 a tonne, and December 2022 declined RM329 to RM4,103 a tonne.

January 2023 was down by RM342 to RM4,132 and February 2023 eased RM339 to RM4,181 a tonne.

Total volume slid to 278,307 lots from 284,000 lots in the previous week, while open interest narrowed to 183,505 contracts from 191,133 contracts previously.

The physical CPO price for August South was reduced by RM250 to RM4,200 a tonne. - Bernama


转载说明:本文转载自Sunbet。
  • USDT充提教程(www.6allbet.com) @回复Ta

    2022-09-01 10:27:57 

    综合路透社、《印度斯坦时报》消息,当地时间10日,巴基斯坦国民议会议长萨达尔·阿亚兹·萨迪克宣布,巴基斯坦国民议会将于11日举行会议投票选举新总理。我算前排不?

发布评论