23:07, 03.09.2009 — Новости
автор: OilWorld.Ru

DJ Asia Crude Palm Oil Ends Down In Choppy Trade; Weak Cash


KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives
exchange ended lower for the third consecutive day Thursday in speculative
trade while muted demand in the cash market also pulled prices lower, said
trade participants.

The benchmark November CPO contract on the Bursa Malaysia Derivatives ended
MYR27 lower at an intraday low of MYR2,218 a metric ton after trading in a
MYR2,218-MYR2,258/ton range.

CPO prices were a tad choppy during the afternoon session with prices moving
into positive territory when crude oil and soyoil futures moved higher.

But prices slipped into the red toward the end of afternoon trade, indicating
buying interest is very weak and there will be room for prices to move lower in
the next trading session, said a Kuala Lumpur-based trading executive.

Trade participants said prices may test key support at MYR2,200, then
MYR2,170.

Light, sweet crude for October delivery rose as much as $1.34 barrel during
Asian trading hours to $69.39 a barrel. Crude was trading 92 cents higher at
1000 GMT.

September soyoil, which settled 41 points lower on the Chicago Board of Trade
at 34.12 cents a pound, was trading 35 points higher by the end of trade on
BMD.

Cash CPO for prompt shipment was offered unchanged at MYR2,340/ton

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