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LATEST WEEKLY MARKET VIEWS (15/1/2018)

 

(1) Crude Palm Oil (FCPO) 

CPO traded lower for the week amid signs of stock accumulation and stronger production phrase during this time of the year. Malaysia has announced that it is temporary suspending palm oil export tax for three months. Effective period will be from 8 January 2018 to 7 April 2018. However, should Malaysia inventory level fall to 1.6 million tonnes, the export tax suspension will be lifted earlier. Such action will stabilise the market in the near term.

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下跌逾1%,延续前一日的跌势,创下近两周来的最低点。市场情绪受马币走强,外盘走势疲弱,及高库存利空因素打
压。不过,我国政府推出的三个月零关税出口给市场提供支撑,因估计的出口即将出现好转,有助于削库存。

延伸阅读: Crude Palm Oil Weekly (Mandarin)

 

(3) Metals

Gold price rose for the third straight session on Friday to hit fresh four month highs after hawkish European Central Bank minutes boosted the euro to multi-year highs against the dollar .

Read More: Metals Weekly

 

(4) Crude Oil

Oil prices ended Friday at more than 3-year high, boosted by weekly declines in US stockpiles. Prices were trading in a weekly range between $61.34 and $64.77 per barrel.

Read More: Crude Oil Weekly 

 

(5) Financial Weekly

The FBM KLCI was up 0.25% at midday break and remained above the 1,820-point support level. The index had earlier risen to a high of 1,827.40. The excitement is set to continue for Bursa Malaysia ahead of the 14th general election (GE14), with the local market showing first signs of the much-anticipated pre-election rally since Jan 3.

Read More: Financial Weekly

 

 

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