热门标签

单双哈希:CPO futures to extend winning streak next week

时间:1个月前   阅读:2

单双哈希www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

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.

,

皇冠管理端登3手机www.hg108.vip)实时更新发布最新最快最有效的皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。

,

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:telegram中文群组(www.tg888.vip):Bank Negara: APG concludes meeting with strengthened efforts to combat global financial crimes

下一篇:胜负彩开奖(www.99cx.vip):NetX collaborates with Myisco on digital Shariah financing

网友评论