Archive for December 2022
MARKET REPORT
SUMMARY.
India added some fuel to the higher palm oil market this afternoon after announcing that it will keep import taxes for vegetable oils low. The palm oil market had earlier moved higher on Indonesia’s announcement that it will cap palm oil export quantity at ratio of 6 to 1 from 8 to 1.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4173 |
4095 |
+95 |
4225 |
4060 |
Feb’23 |
4166 |
4102 |
+83 |
4228 |
4073 |
Mar’23 |
4178 |
4125 |
+88 |
4242 |
4075 |
Apr’23 |
4161 |
4103 |
+78 |
4233 |
4070 |
Total
|
58,749 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
975 |
975 |
992.5 |
980 |
980 |
Buying |
|
|
980 |
|
|
RBD Palm Oil |
Selling |
965 |
965 |
982.5 |
970 |
970 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
945 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
765 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
954 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
931 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1100 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1020 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1550 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
985 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6606 (-34) |
Mar 6602 (-35) |
DALIAN DCE Palm Olein |
Jan 8068 (+150) |
May 8336 (+228) |
Crude Oil WTI |
Feb 77.99 (-0.41)
|
MARKET REPORT
SUMMARY.
Indonesia reduces its export quantity ratio to domestic by 2 notches and got the market higher today. Indonesia has been controlling its export quantity by a ratio of 8:1 to domestic requirement and this has been reduced to 6:1 now with no reasons given for it.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4135 |
4095 |
+57 |
4135 |
4060 |
Feb’23 |
4141 |
4102 |
+58 |
4164 |
4073 |
Mar’23 |
4160 |
4125 |
+70 |
4179 |
4075 |
Apr’23 |
4151 |
4103 |
+68 |
4174 |
4070 |
Total
|
22,125 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
965 |
970 |
985 |
972.5 |
972.5 |
Buying |
|
|
980 |
965 |
|
RBD Palm Oil |
Selling |
955 |
960 |
975 |
962.5 |
962.5 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
755 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
940 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
929 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1100 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1020 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1550 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
980 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6580 (-60) |
Mar 6583 (-53) |
DALIAN DCE Palm Olein |
Jan 8020 (+102) |
May 8260 (+152) |
Crude Oil WTI |
Feb 78.61 (+0.21)
|
MARKET REPORT
SUMMARY.
Euphoria from China’s announcement of opening up dried up some as countries imposed negative Covid test as prerequisite for entry.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4078 |
4043 |
+9 |
4045 |
4000 |
Feb’23 |
4083 |
4089 |
+5 |
4089 |
4000 |
Mar’23 |
4090 |
4100 |
+3 |
4101 |
4004 |
Apr’23 |
4083 |
4090 |
+4 |
4094 |
4001 |
Total
|
31,639 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
957.5 |
960 |
970 |
960 |
960 |
Buying |
|
|
965 |
945 |
|
RBD Palm Oil |
Selling |
947.5 |
955 |
960 |
950 |
950 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
745 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
921 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
920 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1080 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1000 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1530 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
960 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6581 (+1) |
Mar 6501 (+4) |
DALIAN DCE Palm Olein |
Jan 7918 (-86) |
May 8146 (-20) |
Crude Oil WTI |
Feb 77.28 (-1.68)
|
MARKET REPORT
SUMMARY.
Euphoria from China’s announcement of opening up dried up some as countries imposed negative Covid test as prerequisite for entry.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4038 |
4043 |
-31 |
4045 |
4000 |
Feb’23 |
4045 |
4089 |
-33 |
4089 |
4000 |
Mar’23 |
4050 |
4100 |
-37 |
4101 |
4004 |
Apr’23 |
4047 |
4090 |
-32 |
4094 |
4001 |
Total
|
14,837 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
957.5 |
957.5 |
967.5 |
957.5 |
957.5 |
Buying |
|
|
960 |
945 |
|
RBD Palm Oil |
Selling |
947.5 |
947.5 |
957.5 |
947.5 |
947.5 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
745 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
917.5 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
920 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1080 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1000 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1530 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
960 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6562 (-18) |
Mar 6493 (-4) |
DALIAN DCE Palm Olein |
Jan 7892 (-112) |
May 8106 (-60) |
Crude Oil WTI |
Feb 78.69 (-0.27)
|
MARKET REPORT
SUMMARY.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4070 |
4060 |
+5 |
4102 |
4042 |
Feb’23 |
4078 |
4071 |
-6 |
4113 |
4060 |
Mar’23 |
4090 |
4098 |
-10 |
4133 |
4075 |
Apr’23 |
4084 |
4084 |
-12 |
4133 |
4076 |
Total
|
38,728 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
960 |
960 |
975 |
960 |
960 |
Buying |
|
|
965 |
|
|
RBD Palm Oil |
Selling |
950 |
950 |
965 |
950 |
950 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
770 |
775 |
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
920 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
916 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1090 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1005 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1540 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
970 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6746 (-19) |
Mar 6625 (-14) |
DALIAN DCE Palm Olein |
Jan 7994 (+120) |
May 8174 (+104) |
Crude Oil WTI |
Feb 79.10 (-0.43)
|
MARKET REPORT
SUMMARY.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4080 |
4060 |
+15 |
4102 |
4042 |
Feb’23 |
4095 |
4071 |
+11 |
4113 |
4060 |
Mar’23 |
4109 |
4098 |
+9 |
4133 |
4075 |
Apr’23 |
4108 |
4084 |
+12 |
4133 |
4076 |
Total
|
14,204 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
965 |
965 |
975 |
962.5 |
962.5 |
Buying |
|
|
970 |
950 |
|
RBD Palm Oil |
Selling |
955 |
955 |
965 |
952.5 |
952.5 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
770 |
775 |
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
926 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
924 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1085 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1005 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1535 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
970 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6781 (+16) |
Mar 6654 (+15) |
DALIAN DCE Palm Olein |
Jan 8000 (+126) |
May 8176 (+106) |
Crude Oil WTI |
Feb 79.62 (+0.09)
|
MARKET REPORT
SUMMARY.
Improved exports of Malaysian palm oils as reported by surveyors sustained bullish tone of market already affected by early news of China opening up for foreign travellers from Jan/8.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4070 |
3822 |
+268 |
4085 |
3950 |
Feb’23 |
4087 |
3868 |
+267 |
4100 |
3961 |
Mar’23 |
4104 |
3889 |
+274 |
4117 |
4000 |
Apr’23 |
4101 |
3884 |
+268 |
4118 |
4001 |
Total
|
55,945 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
967.5 |
967.5 |
977.5 |
972.5 |
967.5 |
Buying |
|
|
972.5 |
|
|
RBD Palm Oil |
Selling |
957.5 |
957.5 |
967.5 |
962.5 |
957.5 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
775 |
780 |
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
923 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
924 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1085 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1005 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1535 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
970 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
closed |
closed |
DALIAN DCE Palm Olein |
Jan 8010 (+388) |
May 8170 (+388) |
Crude Oil WTI |
Jan 80.08 (+0.52)
|
MARKET REPORT
SUMMARY.
Market opened up on a post-Xmas rally after China announced that it will open up its borders from Jan/8 even as the country faces a major infection event with rates reportedly into millions as mortuaries and hospitals bursting at the seams.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
4035 |
3822 |
+233 |
4085 |
3950 |
Feb’23 |
4050 |
3868 |
+230 |
4096 |
3961 |
Mar’23 |
4066 |
3889 |
+236 |
4115 |
4000 |
Apr’23 |
4065 |
3884 |
+232 |
4118 |
4001 |
Total
|
34,932 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
965 |
965 |
970 |
965 |
965 |
Buying |
|
|
962.5 |
947.5 |
|
RBD Palm Oil |
Selling |
955 |
955 |
960 |
955 |
955 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
775 |
780 |
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
928 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1075 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
1005 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1535 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
965 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
closed |
closed |
DALIAN DCE Palm Olein |
Jan 8008 (+386) |
May 8176 (+394) |
Crude Oil WTI |
Jan 80.00 (+0.44)
|
MARKET REPORT
SUMMARY.
Aggressive Indonesian offers continue to impinge on the palm oil futures market today leading to extended losses.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
3803 |
3822 |
-60 |
3833 |
3795 |
Feb’23 |
3816 |
3868 |
-70 |
3868 |
3804 |
Mar’23 |
3831 |
3889 |
-67 |
3889 |
3817 |
Apr’23 |
3836 |
3884 |
-58 |
3885 |
3818 |
Total
|
62,801 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
925 |
920 |
932.5 |
925 |
925 |
Buying |
|
|
925 |
|
|
RBD Palm Oil |
Selling |
915 |
915 |
922.5 |
915 |
915 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
875 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
740 |
745 |
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
892 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
889 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1050 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
990 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1500 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
920 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6592 (+12) |
Mar 6428 (+27) |
DALIAN DCE Palm Olein |
Jan 7452 (-188) |
Mar 7606 (-202) |
Crude Oil WTI |
Jan 79.17 (+1.68)
|
MARKET REPORT
SUMMARY.
The palm market lost back some points today, shrugging off fears of flood effects on production and giving more focus on aggressive Indonesian offers in the market.
CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).
Month |
Last
|
Open |
Change |
High |
Low |
Jan’23 |
3820 |
3822 |
-43 |
3833 |
3795 |
Feb’23 |
3835 |
3868 |
-51 |
3868 |
3804 |
Mar’23 |
3849 |
3889 |
-49 |
3889 |
3817 |
Apr’23 |
3853 |
3884 |
-41 |
3885 |
3818 |
Total
|
27,273 |
PHYSICAL MARKET PRICES FOR REFINED OILS & FATS
PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated) |
Jan’23 |
JFM’23 |
AMJ’23 |
JAS’23 |
OND’23 |
RBD Palm Olein |
Selling |
930 |
930 |
935 |
930 |
930 |
Buying |
|
|
927.5 |
917.5 |
|
RBD Palm Oil |
Selling |
920 |
920 |
925 |
920 |
920 |
Buying |
|
|
|
|
|
RBD Palm Stearin |
Selling |
880 |
|
|
|
|
Buying |
|
|
|
|
|
Palm Fatty Acid Distillates |
Selling |
747.5 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Oil |
Selling |
892 |
|
|
|
|
Buying |
|
|
|
|
|
Crude Palm Kernel Oil |
Selling |
889 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OIL |
Selling |
1050 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL OLEIN |
Selling |
990 |
|
|
|
|
Buying |
|
|
|
|
|
RBD PALM KERNEL STEARIN |
Selling |
1500 |
|
|
|
|
Buying |
|
|
|
|
|
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai) |
Selling |
925 |
|
|
|
|
Buying |
|
|
|
|
|
* Inclusive of duty
OTHER RELATED MARKETS
ACE Soyoil |
Jan 6606 (+26) |
Mar 6436 (+35) |
DALIAN DCE Palm Olein |
Jan 7488 (-152) |
Mar 7638 (-170) |
Crude Oil WTI |
Jan 78.23 (+0.74)
|
You must be logged in to post a comment.