皇冠博彩app
热门标签

足球投注平台(www.hg9988.vip):CPO futures to see profit-taking activity

时间:1个月前   阅读:1

erc20和trc20转换www.u2u.it)是最高效的erc20和trc20转换的平台.ERC20 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

Shipments of palm oil, which contributed 6.5% to total exports, may drop as Indonesia recently reduced its export levy for crude palm oil (CPO) to zero from US$200 (RM889) per tonne.

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

Interband Group of Companies senior palm oil trader Jim Teh said the price movement this week is expected to be confined 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.

,

足球投注平台www.hg9988.vip)是皇冠体育官方投注平台,开放皇冠信用网代理申请、信用网会员开户,线上投注的官方平台。

,

The Malaysian Palm Oil Board, in its report released on Aug 10, revealed Malaysia’s CPO stocks for July 2022 rose 2.79% to 905,946 tonnes from 881,315 tonnes recorded in June 2022. Overall, palm oil stocks increased 7.71% 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.

Meanwhile, palm oil trader David Ng is 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.


转载说明:本文转载自Sunbet。

上一篇:Trading ideas: SCGM, Malayan United Industries, Kerjaya Prospek, PetChem, Hextar Global, Pos Malaysia, Berjaya Assets

下一篇:IOI 4Q net profit grows to RM542mil

网友评论