Latest news with #BursaMalaysiaDerivatives
Barnama
3 days ago
- Business
- Barnama
CPO FUTURES SLIP ON WEAK SOYBEAN OIL, SNAPPING 5-DAY RALLY
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped its five-day rally to close lower on Friday, dragged down by weakness in the soybean oil market, said palm oil trader David Ng. He noted that key support and resistance levels are seen at RM3,800 and RM4,000 per tonne respectively. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures close lower as traders booked their profits ahead of the long weekend. At the close, the spot month June 2025 contract lost RM41 to RM3,888 per tonne, July 2025 decreased by RM51 to RM3,491 per tonne, and August 2025 went down RM54 to RM3,878 per tonne. September 2025 was RM51 lower at RM3,870 per tonne, October 2025 slid by RM49 to RM3,870 per tonne, and November 2025 eased RM46 to RM3,874 per tonne. Trading volume fell to 59,698 lots from 69,553 lots yesterday, while open interest narrowed to 241,994 contracts from 244,448 contracts previously. The physical CPO price for June South fell by RM30 to RM3,930 per tonne. Bursa Malaysia Bhd and its subsidiaries will be closed on June 2 in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia and would resume operations on June 3 (Tuesday).
Barnama
5 days ago
- Business
- Barnama
CPO Futures Close Higher On Strong Exports, Firm Soybean Oil Prices
Palm oil trader David Ng said that firm soybean oil prices also contributed to the upward movement in CPO prices. KUALA LUMPUR, May 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by stronger export performance. 'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot month June 2025 contract rose by RM32 to RM3,899 per tonne, July 2025 increased by RM33 to RM3,908 per tonne, and August 2025 went up RM31 to RM3,899 per tonne. September 2025 was RM28 higher to RM3,890 per tonne, October 2025 gained RM24 to RM3,889 per tonne, and November 2025 rose by RM27 to RM3,893 per tonne.
Barnama
6 days ago
- Business
- Barnama
CPO Futures Extend Gains, Lifted By Stronger Soybean Oil Prices
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward trend to close higher today, as market sentiments were boosted by the rise in soybean oil prices on the Chicago Board of Trade. Palm oil trader David Ng said expectations of increased demand for CPO from China and other markets also contributed to the rise in prices. 'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot month June 2025 contract rose by RM32 to RM3,867 per tonne, July 2025 increased by RM32 to RM3,875 per tonne, and August 2025 went up RM35 to RM3,868 per tonne. September 2025 advanced by RM37 to RM3,862 per tonne, October 2025 gained RM36 to RM3,865 per tonne, and November 2025 rose by RM33 to RM3,866 per tonne. Trading volume widened to 49,593 lots from 34,817 yesterday, while open interest was slightly lower at 243,185 contracts from 243,913 contracts previously. The physical CPO price for June South was increased by RM30 to RM3,900 per tonne. -- BERNAMA
Barnama
6 days ago
- Business
- Barnama
Gold Futures End Lower, Dragged Down By Trump's Tariff Delay
KUALA LUMPUR, May 26 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, weighed down by United States President Donald Trump's postponement of tariff imposition on the European Union (EU). Trump decided to defer the planned 50 per cent tariffs on EU goods to July 9, giving both sides more time to negotiate a deal. Spot month May 2025 contract went down to US$3,331.20 per troy ounce from US$3,336.50 per troy ounce last Friday, while the June 2025 contract weakened to US$3,344.70 per troy ounce from US$3,349.70 per troy ounce previously.
Barnama
7 days ago
- Business
- Barnama
CPO Futures Seen Trading Sideways Next Week On Higher Output
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 24 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways with a slight downward bias next week due to expected higher output in the coming weeks. 'We expect the commodity to trade at between RM3,780 and RM3,930 (per tonne),' palm oil trader David Ng told Bernama. Interband Group of Companies senior palm oil trader Jim Teh sees the commodity's price ranging between RM3,800 and RM3,860 next week. He noted that the current price range represents a good bargain for physical buyers from China, India, Pakistan, the Middle East and European Union countries. Commenting on the weather, Teh said current conditions are ideal for oil palm cultivation, with the favourable tropical climate supporting healthy crop growth. On a Friday-to-Friday basis, the new spot-month June 2025 contract fell RM15 to RM3,824 per tonne, July 2025 was RM8 higher at RM3,836 per tonne, and August 2025 added RM12 to RM3,827. The September 2025 note rose RM13 to RM3,821 per tonne, October 2025 edged up RM15 to RM3,824, and November 2025 gained RM13 to RM3,831. The weekly trading volume slid to 331,960 lots from 378,493 the previous week, while open interest added to 244,075 contracts from 239,366.
