Palm Futures Stage Slight Rebound

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives staged a slight rebound to close higher yesterday after recent losses.

Interband Group Senior Palm Oil Trader Jim Teh said traders were still cautious in the absence of fresh catalysts and were waiting for the release of December figures.

January 2013 rose RM6 to RM2,295 per tonne, February 2013 gained RM23 to RM2,366, March 2013 garnered RM19 to RM2,412 and April 2013 increased RM8 to RM2,442.

Turnover fell to 37,074 lots from 42,454 lots yesterday while open interest dropped to 197,777 contracts from 200,601 contracts previously.

On the physical market, January South rose RM10 to RM2,260. 

Source :  Business Times

For more news update visit our Facebook
You can share this posts:

Leave a Reply