ADMISI Commodity Research
February 04, 2015
Sriram V. Iyer: [email protected]
Crude Palm Oil Recap
MCX
CPO
FEB5
MAR5
APR5
PCP
Close
Open
High
Low
443.1
445.0
443.0
446.4
448.5
445.3
446.0
445.0
443.0
447.3
449.1
448.0
440.6
442.5
441.8
Net
Chg
3.3
3.5
2.3
%
Chg
0.74
0.79
0.52
Volume
1392
732
186
% Vol
OI
Chg
-49.07 2569
-58.34 3106
-78.55 2337
OI
Chg
-13
-67
2
Net OI Change = -78
Spread
FEB5
MAR5
Production
Stocks
Exports







MAR5
-2.1
APR5
1.1
3.2
Malaysia MPOB data (million MT)
MPOB
MPOB
December
Expected
November
2014
2014
1.36
1.35
1.75
2.01
2.02
2.27
1.52
1.5
1.51
MPOB
December
2013
1.66
1.98
1.52
BMD was closed and will reopen today.
Prices on the European vegetable oils market extended gains on Tuesday as they tracked a broad
rebound in commodities, although activity was again curbed by a holiday closure in Malaysia.
Soybean oil on the Chicago Board Of Trade also drew support from a weaker dollar
Brent crude oil rose above $55/barrel on Tuesday amid news about plans by U.S. petroleum firms
to cut back on drilling and exploitation of producing wells.
In other news, Indonesia's government plans to introduce a more than threefold increase in its
biodiesel subsidies, an energy ministry official said on Tuesday, a move aimed at protecting
Indonesia's fledgling biofuel industry against lower crude prices. An increase in subsidies could
potentially boost demand for palm oil.
However, the government plan still has to get parliamentary backing before becoming law.
Indian CPO moved higher tracking firm crude prices and rising demand in the spot markets.
Date
3-Feb-15
3-Feb-15
3-Feb-15
3-Feb-15
3-Feb-15
3-Feb-15
3-Feb-15
Physical Market Rates
Commodity
China - Tianjin Refined Palm oil Spot
Indonesia CPO FOB Spot
India Mumbai C & F CPO Spot
India Mumbai C & F Palm olein RBD Spot
India Kakinada Palm olein RBD Spot
India Kandla Palm olein RBD Spot
India Mangalore Palm olein RBD Spot
Rate
4850.00
590.00
640.00
660.00
475.00
475.00
485.00
Units
CNY / MT
$ / MT
$ / MT
$ / MT
Rs. / 10 Kg
Rs. / 10 Kg
Rs. / 10 Kg
1
ADMISI Commodity Research
February 04, 2015
Sriram V. Iyer: [email protected]
Spread: - CBOT Soy Oil May – BMD CPO April
Source: Reuters
The CBOT Soy Oil May – BMD CPO April spread is at $ 93.409/MT.
Spread: - NCDEX Soy Oil April – MCX CPO March
Source: Reuters
The NCDEX Soy Oil April – MCX Palm Oil March spread is at Rs. 146.6/Kg.
2
ADMISI Commodity Research
February 04, 2015
Sriram V. Iyer: [email protected]
Charts & Outlook
BMD CPO
Source: Reuters
Source: Reuters
BMD Palm Oil April (2146)
Trade Recommendation: - None.
Outlook: - BMD CPO prices can move higher supported by higher crude oil prices. Key supports are at
2126 and 2103. Key resistances are at 2187 and 2215.
3
ADMISI Commodity Research
February 04, 2015
Sriram V. Iyer: [email protected]
MCX CPO
Source: Reuters
MCX CPO March (448.6)
Trade Recommendation: - None.
Outlook: Indian CPO prices may track overseas prices. However, Rupee could appreciate against the
Dollar limiting upside. Key supports are at 442.25 and 437.10. Key resistance is at 451.25 and 457.35.
Source: Reuters
Dalian Palm Olein May (4792)
Comments: - Support is at 4698. Resistance is at 4829.
4
ADMISI Commodity Research
February 04, 2015
Sriram V. Iyer: [email protected]
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