CPO Prices End Lower

CPO Prices End Lower

KUALA LUMPUR: Crude palm oil (CPO) futures prices ended lower yesterday on the back of negative sentiment in the crude oil market, said a dealer.

Phillip Futures derivatives product specialist David Ng said the weaker ringgit and better export estimates from cargo surveyors have mitigated the downside risk.

At the close, December 2014 remained unchanged at RM2,154 a tonne, January 2015 fell RM7 to RM2,152 a tonne, while February 2015 and March 2015 slipped RM3 to RM2,168 and RM2,171 a tonne respectively.

Volume decreased to 41,447 lots from 46,023 lots previously while open interest declined to 220,214 contracts from 226,820 contracts.

On the physical market, December South remained unchanged at RM2,170 a tonne. Bernama

Source : New Straits Times

You can share this post

Stay In Touch

Stay In Touch

Leave a Reply