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LATEST WEEKLY MARKET VIEWS (14/08/2017)

 

(1) Crude Palm Oil (FCPO) 

Malaysian palm futures for Oct’17 delivery showcase the strong rally during previous trading day despite bearish palm oil fundamentals. However, strength in soy complex on account of WASDE report gave support to palm oil prices at same time.

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升至逾一周高位,棕榈油期价在闭市前由跌 转升,因最新行业数据显示位于马来西亚南部的棕榈油产量(8月前10日) 下滑,使得情绪偏多。上周整体走势强劲,尽管7月份供需数据偏空,看 来市场已在稍早对偏空数据做出反应,目前的情势多于预期8月份产量可 能减少。

延伸阅读: Crude Palm Oil Weekly (Mandarin)

 

(3) Soft Commodities

Cocoa:

September ICE cocoa futures decreased by 0.20% over the week. September Arabica coffee futures increased by 0.11% over the week. October ICE raw sugar futures decreased by 6.65% over the week. December cotton futures was down by 3.36% over the week.

Read More: Soft Commodities Weekly

 

(4) Metals

Gold prices rose to a two-month high on Friday following a weaker-than-expected U.S. inflation report that investors worried would delay plans for another interest rate hike by the Federal Reserve this year.

Read More: Metals Weekly

 

(5) Financials

Malaysia shares ended in red for the week as the current weak sentiment in the market amid heightened tensions between the US and North Korea sending investors fleeing to less risky assets such as yen and gold.

Read More: Financials Weekly

 

(6) Crude Oil

U.S. crude rallied on Friday, finding some support as data showed that the number of active U.S. oil rigs rose only slightly for the week. Prices were trading in a weekly range between $47.98 and $50.22 per barrel.

Read More: Crude Oil Weekly

 

 

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