SHIPPING & PORTS NEWS

  Remarks:

• Kei arrived at outer anchorage Port Qasim on 29-12-2011.
• Chemrord Sky departed from Port Qasim on 29-12-2011.

   STOCKS AVAILABLE AT KARACHI TERMINALS AS ON 02-01-2012

    Delivery in Week: 36280.00 M.Tons

    Expected Arrival:  55600.00 M.Tons

INTERNATIONAL MARKET WATCH 4^th WEEK, DECEMBER 2011

Prices in the domestic and export markets traded higher.

          CPO Prices traded higher this week by RM 77.00 to RM 3,085.50 against RM 3,008.50 attained the pervious week. The highest and lowest traded prices were at RM 3,175.00 and RM 2,920.00 respectively. However price of RBD Palm Olein traded higher by US$ 4.00 to US$ 1,057.50, palm oil prices were traded higher due to;

·         Inline with palm oil futures on Malaysia’s derivatives exchange rose to their highest level in a month as traders rush to cover short ahead of the Christmas weekend amid worries about bad weather in South American and Southest Asia.

·         The palm oil market also traded gains in regional equities as investors cheered a batch of better than expected U.S economic readings.   

Crude Palm Oil Export Duty 

·         For the week 26/12/2011-01/01/2012, the CPO export duty payable is RM 666.69 a tonne.

Palm Oil prices in Europe traded firm.

·         Crude palm oil prices traded higher by US$ 19.00 at US$ 1017.00 CPO discount vis-à-vis SBO narrowed at US$ 182.00.00 this week.

·         RBD Palm Olein traded higher by US$ 27.00 at US$ 1,113.50 and was at a discount of US$ 86.00 against SBO

PRICES US $ / Tonne FOB Malaysia

RBD Palm Oil (export price)

RBD Palm Olein

Palm Stearin

LANDED INDONESIA CPO PRICES IN MALAYSIA

FOB Indonesia US$ (offered price)

Landed Indonesia CPO US$

Landed Indonesia CPO (RM)

FUTURE PRICES (TONNE)

BMD CPO 3^rd Month (RM)

LOCAL MARKET PRICE

                 PMEX Trading Summery for RBD Palm Olein For December 2011

         Pakistan Oils and Fats Related Discharge Comparison December 2010/2011

Dec 01 To 25

      Kerb Market FX Rate US$ & Ex. Inter Bank Rate PKR Vs US$

NEWS & REVIEWS

·         Malaysian crude palm oil futures dropped on Tuesday 27 December 2011, as slowing exports hurt sentiment while a 6 percent rally last week gave traders an excuse to book profits as well.

·         The benchmark March palm oil futures on the Bursa Malaysia Derivatives Exchange settled down 0.4 percent at 3,159 a rinngit US$ 1,000 per tonne. The contract last week touched a high of 3,178 ringgit a level unseen since November 23. Traded volumes for palm oil futures were thin after a long Christmas weekend and ahead of the new year holidays with 12,712 lots.

·         Palm oil production in Malaysia is also in the seasonally low yields phase and traders expect stock levels to come down although the pace of the decline depends on the export trend.

·         Cargo surveyor Intertek reported over the weekend that Malaysian exports fell 11.6 percent to 1.18 million tones in December 1-25 compared to the same period a month ago as China and India wind up shipments for this year.

·         Another cargo surveyor Societe General de Surveillance reported an 11.9 percent drop. The most active September 2012 soy oil contract on China’s Dalian Commodity Exchange dropped 0.7 percent.

·         Malaysian crude palm oil futures climbed to a near five week high on Wednesday 28 December 2011, as dry weather in South America sparked concerns about lower soybean yields potentially tightening soy oil supplies.

·         The benchmark March palm oil futures on the Bursa Malaysia Derivatives Exchange settled up 0.8 percent at 3,185 ringgit US$ 1,000 after going as high as 3,205 ringgit a level unseen since November 22. Traded volumes for palm oil futures were surprisingly strong ahead of the New Year holidays with 27,216 lots.

·         Cargo surveyor reported more than an 11 percent drop in Malaysian exports in December 1-25 from a month ago as China and India slow shipments for the year end.

·         US soy oil for January delivery fell 0.4 percent in Asian trade after posting strong gains in the previous session. The most active September 2012 soy oil contract on China’s Dalian Commodity Exchange rose nearly 1 percent.

·         Malaysian crude palm oil futures dropped on Thursday 29 December 2011, in cautions year end trading but losses were limited by worries that heavy rains may hit production in second largest producer Malaysia.

·         The benchmark March palm oil futures on the Bursa Malaysia Derivatives Exchange settled 0.9 percent lower at 3,155 ringgit US$ 1,000 per tonne. Prices touched 3,205 ringgit on Wednesday a level unseen since November 22. Traded volumes for palm oil futures stood at 15,694 lots.

·         US soy oil for January delivery fell 0.6 percent amid weaker global markets while the most active September 2012 soy oil contract on China’s Dalian Commodity Exchange was almost flat.

·         Malaysian crude palm oil futures inched up on Friday 30 December 2011 in thinly traded markets lifted by positive US economic data and concerns that heavy rain fall in second largest producer Malaysia may cause supply disruption.

·         The benchmark March palm oil futures on the Bursa Malaysia Derivatives Exchange closed 0.6 percent higher at 3,175 ringgit US$ 1,000 per tonne. Traded volumes for palm oil futures stood at 12,308 lots.

·         Reuter’s technical analyst Wang Tao posted a bearish view saying that palm oil will fall further to 3,116 ringgit per tonne as indicated by a Fibonacci retracement analyst and a channel technique.

·         US soy oil for January delivery gained 0.6 percent in line with the stronger global markets while the most active September 2012 soy oil contract on China’s Dalian commodity exchange also inched up 0.4 percent.