SC Bei Hai arrived and outer anchorage 12-01-10 and departed from Port Qasim on 13-01-10.
Chem Bulk Jakarta arrived at outer anchoragePort Qasim on 11-01-10.
STOCKS AVAILABLE AT KARACHI TERMINALS AS ON 18-01-2010
Name of Product
Quantity in M.Tons
Remarks
RBD Palm Olein
46,000.00
CDSBO
920.00
RBD Palm Oil
28,360.00
CPO
25,690.00
Tallow
11,010.00
Delivery in Week: 26,480.00 M.Tons
Expected Arrival: 26,650.00 M.Tons
INTERNATIONAL MARKET WATCH 2nd WEEK JANUARY 2010
Prices in the domestic and export markets traded higher.
Crude Palm Oil prices traded higher by RM 0.50 to RM 2,587.00 with the highest traded price at RM 2,650.00 Price of RBD Palm Olein traded higher by US$ 26.00 to US$ 810.00, palm oil prices were traded higher mainly due to;
·Higher Bursa Malaysia CPO futures on expectations of weaker palm oil stocks from January on word on lousier production in the coming months.
·Supported by firmer crude oil prices advance to US$ 81 a barrel on expectations of strong food demand in the first quarter of this year and steady soybean oil markets.
·Concerns over festival demand from China, for the Lunar New Year due in the middle of next month.
·Weaker dollar as investor favored commodity end equity over the greenback on sings the U.S economy would start to recover.
Crude Palm Oil Export Duty
·For the week 11/01/2010-17/01/2010, the CPO export duty payable is RM 516.59 a tonne.
Palm Oil prices in Europe traded lower.
·Crude palm oil prices traded lower by US$ 8.00 at US$ 811.50 CPO discount vis-à-vis SBO narrowed at US$ 140.00 this week.
·RBD Palm Olein traded unchanged at US$ 853.50 and was at a discount of US$ 98.50 against SBO.
