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LATEST WEEKLY MARKET VIEWS (19/06/2017)

 

(1) Crude Palm Oil (FCPO) 

SPPOMA report for 1-31st May, 2017 has posted a rise of 6.28%, -0.10% and 5.75% for Yield, OER and Palm oil production number respectively. Though the production is reviving, but the rise is still lower than anticipation which may keep the prices away from sharp fall.

Read More: Crude Palm Oil Weekly

 ITS, SGS and MPOB data

 

(2) 棕榈油 (Crude Palm Oil Mandarin)

马来西亚期市棕榈油期货上周五上涨,录得四个交易日以来首次涨幅,受豆油坚挺走势及空头回补带动。不过上周棕榈油却累计下跌1.6%。为连续第四周下跌。

延伸阅读: Crude Palm Oil Weekly (Mandarin)

 

(3) Soft Commodities

Cocoa:

Cocoa futures surged by 1.04% over the week supported by the weak pound, which fell further against the U.S. dollar amid worries about the impact of political uncertainty on the British economy.

Read More: Soft Commodities Weekly

 

(4) Metals

COMEX Gold prices fell for a third day on Friday as the stronger dollar weighed after British elections failed to deliver a clear majority for Prime Minister Theresa May, sending sterling sharply lower.

Read More: Metals Weekly

 

(5) Financials [13/06/2017]

Malaysia’s benchmark index, joined key Asian markets and European bourses to close higher on Friday while the pound sterling slipped following a hung parliament for the United Kingdom. The ringgit rose against several key currencies. It surged 0.07 percent against the U.S. dollar to 4.2653.

Read More: Financials Weekly

 

(6) Crude Oil

U.S. crude oil records a 3rd weekly loss as bearish fundamentals pressure prices. Prices were trading in a weekly range between $48.42 and $45.20 per barrel.

Read More: Crude Oil Weekly

 

 

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