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LATEST WEEKLY MARKET VIEWS (23/10/2017)

 

(1) Crude Palm Oil (FCPO) 

CPO prices closed lower amid growing expectation of a higher production in the month of October based on preliminary estimates. However, losses were mainly supported by stronger exports evident by higher cargo surveyors numbers by both ITS and SGS cargo surveyors numbers.

Read More: Crude Palm Oil Weekly

 ITS, SGS and MPOB data

 

(2) 棕榈油 (Crude Palm Oil Mandarin)

马来西亚棕榈油期货上周五收涨,追随海外市场涨势和船运机构数据显示出口强劲提升利好市场情绪。

延伸阅读: Crude Palm Oil Weekly (Mandarin)

 

(3) Soft Commodities

Cocoa futures increased 4.65 percent and settled at $2138 per tonne, hit their highest in nearby seven months supported by expectation on strong processing data from Asia – which increased 8 to 10 percent – and concerns about the black pod disease.

Read More: Soft Commodities Weekly

 

(4) Metals

Gold prices fell on Friday, pressured lower by the stronger U.S dollar which was boosted after President Donald Trump’s plans to overhaul the tax code cleared a critical hurdle.

Read More: Metals Weekly

 

(5) Financials 

Bursa Malaysia posted weekly losses amid persistent selling pressure, bucking the uptrend in regional markets. On a weekly basis, the benchmark FTSE Bursa Malaysia KLCI slipped 14.67 points to 1740.65 from 1755.32.

Read More: Financials Weekly

 

(6) Crude Oil

Crude futures settled higher on in see-saw trade on Friday, as political tensions in the Kurdistan region continued to disrupt crude supplies. Prices were trading in a weekly range between $52.37 and $50.70 per barrel.

Read More: Crude Oil Weekly

 

 

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