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LATEST WEEKLY MARKET VIEWS (18/02/2019)

(1) Crude Palm Oil  

Malaysian palm oil futures fell over 1 percent on last Friday and recorded for a fifth session of decline in six, tracking the continued weaken in CBOT soyoil, as there are close substitute. The benchmark palm oil contract April 2019 was down 1.1 percent at 2,252 ringgit a tonne at the midday break. The contract has lost 1.7 percent so far this week, in what would be its second straight weekly decline.

Read More: Crude Palm Oil Weekly

ITS, SGS and MPOB data

(2) Metals

Gold settled at the highest level in two weeks on Friday, as the dollar weakened on hopes the United States and China are nearing a trade deal

Read More: Metals Weekly

(3) Crude Oil

Oil futures gained Friday, lifting prices up by more than 5% for the week on signs of tighter global supplies and progress in trade talks between the U.S. and China. Prices were trading in a weekly range between $51.23 and $55.87 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Share prices on Bursa Malaysia closed almost flat on last Friday in line with regional markets as investors awaited fresh developments in the US-China trade negotiations.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT May Soybean futures fell near to 1 percent for the week ending 15 Feb.

Read More: Grains Weekly

 

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