Tuesday, March 17, 2009
11 am - Some update on Palm oil
POC 2009 -
summary of Mielke, Mistry, Fry, Richard anschartist Mielke-
Oil World:PO output toslow on weaker prices.
For JAN-JUNE :CPO cif Rotterdam may rise to $ 640/t (RM 2360) as global output slows.( nowapr/june rotterdam cif $600) RBD POLEIN will be arnd $670/T (RM 2470) cifRotetrdameconomy dowturnmay limit the PO's price rallyexpects lowoutput of oils & fats in 2009- slow investment in agri and plantings small rise incpo output this year in Indon and Msia due to tree stress after a good harvest Mistry :
CPO will go toRM 2100/ $ 570 in next few weeks on tight stocksweaker in2H2009 on weaker sbo, higher output Aug onwards and slow demand. Stock to swell again Polein may go higher temporarily to crude degummed SBO After apr/may,palm will become uncompetitive against soutgh american sbo. will lose mkt shareto sbo.
On India: demand will increase in 2009 due to o duties for cpo and sfo consumption will expand by half miliion tons to 13.5 miliion tns thisyear No duty hike till end June - new govt/election PO demand will rise 11.2% to 5.66 million tons in current oil year SBO consumption/demand will fall 4.8% to 2 million tons dueto higher duty.
JamesFry:
CPO prices RM1400-1500/t by July on alow demand, weaker crude oil and stock-output trend isnot tight RichartKastilani - Tropical Oil Grains:RM 1500 - rm2000 ($420-540) for next 3-4 mths. PrudentialTechnical:range 1700 to2300. 2H 2009 maydrop to $400 (arnd RM 1500) if good harvest of RSO,and SFO and if crude oilarnd $35-$45
summary of Mielke, Mistry, Fry, Richard anschartist Mielke-
Oil World:PO output toslow on weaker prices.
For JAN-JUNE :CPO cif Rotterdam may rise to $ 640/t (RM 2360) as global output slows.( nowapr/june rotterdam cif $600) RBD POLEIN will be arnd $670/T (RM 2470) cifRotetrdameconomy dowturnmay limit the PO's price rallyexpects lowoutput of oils & fats in 2009- slow investment in agri and plantings small rise incpo output this year in Indon and Msia due to tree stress after a good harvest Mistry :
CPO will go toRM 2100/ $ 570 in next few weeks on tight stocksweaker in2H2009 on weaker sbo, higher output Aug onwards and slow demand. Stock to swell again Polein may go higher temporarily to crude degummed SBO After apr/may,palm will become uncompetitive against soutgh american sbo. will lose mkt shareto sbo.
On India: demand will increase in 2009 due to o duties for cpo and sfo consumption will expand by half miliion tons to 13.5 miliion tns thisyear No duty hike till end June - new govt/election PO demand will rise 11.2% to 5.66 million tons in current oil year SBO consumption/demand will fall 4.8% to 2 million tons dueto higher duty.
JamesFry:
CPO prices RM1400-1500/t by July on alow demand, weaker crude oil and stock-output trend isnot tight RichartKastilani - Tropical Oil Grains:RM 1500 - rm2000 ($420-540) for next 3-4 mths. PrudentialTechnical:range 1700 to2300. 2H 2009 maydrop to $400 (arnd RM 1500) if good harvest of RSO,and SFO and if crude oilarnd $35-$45
10:57 am - Martin's Workshop Tomorrow Night
Dear All,
You are invited to a free of charge 3 hours workshop on
"How to profit to this turbulent market by Trading Futures"
conducted by Mr Bill Wermine and Mr Martin Wong.
Date : 18 Mar 2009 Wednesday
Time : 7pm ~ 10 pm
Venue : CIMB Auditorium, Bangunan CIMB, Jln Semantan, Damansara Heights.
(Opposite Peninsular Hotel)
Regards,
For map goto to www.imtradermy.com
Chong (016-6620881)
You are invited to a free of charge 3 hours workshop on
"How to profit to this turbulent market by Trading Futures"
conducted by Mr Bill Wermine and Mr Martin Wong.
Date : 18 Mar 2009 Wednesday
Time : 7pm ~ 10 pm
Venue : CIMB Auditorium, Bangunan CIMB, Jln Semantan, Damansara Heights.
(Opposite Peninsular Hotel)
Regards,
For map goto to www.imtradermy.com
Chong (016-6620881)
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