Latest News: Page 92

CPO PRICE MAY 10: Rises 0.38% As Ringgit Weakens

10

May

CPO PRICE MAY 10: Rises 0.38% As Ringgit Weakens

The CPO futures for July 2016, the most actively traded contracts in Bursa Malaysia, opened with stagnant movements at the level of 2,662 ringgit per [...]

CPO PRICE MAY 10: Rises 0.38% As Ringgit Weakens. The CPO futures for July 2016, the most actively traded contracts in Bursa Malaysia, opened with stagnant movements at the level of 2,662 ringgit per ton.
The price of the commodity then strengthened by 0.38% or 10 points to 2,672 ringgit per ton at 10.12 WIB.
In the trading on Monday (9/5/2016), the CPO price closed up by 1.29% or 34 points to 2,662 ringgit per ton, continuing the strengthening at the beginning of the trading in line with the increasing price of raw oil.
Meanwhile, the ringgit exchange rate was observed to have weakened in the spot market in Asia against the US dollar. The Malaysian currency depreciated by 1.05% to 4.05 ringgit per US dollar at 10.12 WIB.
Price Movements for CPO Contracts in July 2016

Date

Level

Change

10/5/2016(at 10.12 WIB)
2.672
+0.38%

9/5/2016

2.662

+1.29%

6/5/2016

2.628

-0.04%

5/5/2016

2.629

+0.50%

4/5/2016

2.616

+3.03%

Source: Bloomberghttp://market.bisnis.com/read/20160510/94/545764/harga-cpo-10-mei-menguat-038-seiring-pelemahan-ringgit

RUBBER PRICES MAY 10: Closed up 0.61% following crude oil prices

10

May

RUBBER PRICES MAY 10: Closed up 0.61% following crude oil prices

The rubber prices closed higher by 0.61% or 1.10 points to a level of 180.00 Yen/kg after opening with a slight decline of 0.06% or 0.10 points at [...]

RUBBER PRICES MAY 10: Closed up 0.61% following crude oil prices. The rubber prices closed higher by 0.61% or 1.10 points to a level of 180.00 Yen/kg after opening with a slight decline of 0.06% or 0.10 points at 178.80 Yen/kg in early trading.
The firming rubber prices during the closing of today's trade are in line with increases in the price of crude.
The price of June WTI futures was observed to increase by 0.30% to US$43.57/ barrel at 2:59 PM Western Indonesian Time, while the European benchmark Brent oil for July contracts was also seen to increase by 0.69% to US$43.93/barrel.
Earlier in early morning trading, the price of rubber had opened lower following the decline in the price of crude due to diminishing concerns about the impact of the forest fires in Canada, which had been overshadowed by the high supply levels in the US.
Price Movement for September 2016 Rubber Contracts on the TOCOM

Date

Price (Yen/Kg)

Change

10/5/2016

180.00

+0.61%

9/5/2016

178.90

-1.54%

6/5/2016

181.70

-2.10%

5/5/2016

185.60

+0.11%

2/5/2016

185.40

-3.94%

Source: Bloomberghttp://market.bisnis.com/read/20160510/94/545838/harga-karet-10-mei-ditutup-menguat-061-mengikuti-harga-minyak-mentah

10

May

U.S. dollar rises on Fed comments

Federal Reserve Bank of Chicago President Charles Evans said Monday that the U.S. economic fundamentals are solid and growth should accelerate to [...]

U.S. dollar rises on Fed comments. Federal Reserve Bank of Chicago President Charles Evans said Monday that the U.S. economic fundamentals are solid and growth should accelerate to around 2.5 percent for the rest of this year, adding that the unemployment rate will likely fall to 4.75 percent.He also indicated that the Fed's current `wait-and-see` approach to policy is appropriate.`Continued patience in the monetary policy response is appropriate to ensure that economic growth remains on track, the labor market continues to strengthen, wages begin to rise further, and that all of this supports a continued increase in currently low inflation back up to our two percent objective,` Evans said.The dollar index, which measures the greenback against six major currencies, rose 0.27 percent to 94.141 in late trading.In late New York trading, the euro fell to 1.1388 U.S. dollars from 1.1394 U.S. dollars in the previous session, and the British pound decreased to 1.4407 U.S. dollars from 1.4418 U.S. dollars. The Australian dollar dropped to 0.7317 U.S. dollar from 0.7361 U.S. dollar.The U.S. dollar bought 108.45 Japanese yen, higher than 107.12 yen of the previous session. The U.S. dollar decreased to 0.9709 Swiss franc from 0.9720 Swiss franc, and it was up slightly to 1.2976 Canadian dollars from 1.2938 Canadian dollars, Xinhua reported.
Editor: Adicah Nugrahani
http://www.antaranews.com/berita/559833/dolar-as-menguat-didukung-komentar-pejabat-fed?utm_source=topnews&utm_medium=home&utm_campaign=news

CPO PRICE MAY 9: Soars 1.26% Amid Strengthening Crude Oil Prices

09

May

CPO PRICE MAY 9: Soars 1.26% Amid Strengthening Crude Oil Prices

The CPO futures for July 2016, the most active contract in Bursa Malaysia, opened with a significant gain of 1.18% or 31 points at the price of 2,659 [...]

CPO PRICE MAY 9: Soars 1.26% Amid Strengthening Crude Oil Prices. The CPO futures for July 2016, the most active contract in Bursa Malaysia, opened with a significant gain of 1.18% or 31 points at the price of 2,659 per ton in the early trading.
The price of the commodity then sharply increased 1.26% or 33 points to 2,661 ringgit per ton at 10.09 WIB.
At the trading on Friday (6/5/2016), CPO closed with a slight weakening of 0.04% or 1 point to 2,628 ringgit per ton, continuing the weakness in the morning.
The strengthening of the crude palm oil (CPO) price in the early trading is in line with the surge in the crude oil price this morning.
The price of WTI oil for the June contract is significantly up 1.90% to US$45.51 at 10.05 WIB, while the European benchmark for Brent oil for the July contract strengthens 1.37% to US$45.99 per barrel.
Meanwhile, the ringgit exchange rate is seen strengthening in the Asian spot market against the US dollar. The Malaysian currency is appreciated 0.10% to 4.00 ringgit per US dollar.
Price Movement for CPO Contract July 2016

Date

Level

Change

9/5/2016(10.09 WIB)
2.661
+1,26%

6/5/2016

2.628

-0,04%

5/5/2016

2.629

+0,50%

4/5/2016

2.616

+3,03%

3/5/2016

2.539

-2,08%

Source: Bloomberg 
Editor : Bunga Citra Arum Nursyifani http://market.bisnis.com/read/20160509/94/545323/harga-cpo-9-mei-melesat-126-seiring-penguatan-harga-minyak-mentah

Today Stock Analyst Discusses Subsidies for Biodiesel

04

May

Today Stock Analyst Discusses Subsidies for Biodiesel

Besides, the subsidy for biodiesel program has continued to soar from Rp 2,900/liter in the beginning of this year to Rp 5,500/liter in May. As a [...]

Today Stock Analyst Discusses Subsidies for Biodiesel. Besides, the subsidy for biodiesel program has continued to soar from Rp 2,900/liter in the beginning of this year to Rp 5,500/liter in May. As a result, the Management Agency for Palm Oil Plantation Fund (BPDPKS) has to prepare alternative strategies for searching additional fund if there is any deficit.
In the meantime, the palm oil fund that has been collected is around Rp 15.87 trillion (including the palm oil fund collection projection this year Rp 9.5 trillion) which is estimated to only be enough for subsidizing the biodiesel for 8-10 months.
It is estimated that the decline of crude oil price by US$ 1 per barrel can increase the additional need for biodiesel subsidy fund by around Rp 350 billion. In the meantime, the increase of crude palm oil (CPO) by US$ 1/ton requires an additional fund of around Rp 38 billion.
Up to now, the oil price is in the increasing trend but the crude palm oil price is also in the increasing trend so it is feared that the subsidy will continue to soar.
“The issuer that will be affected the most by the implementation of the biodiesel program is AKRA because the issuer is one of the main vendors for subsidized fuel,” HP Analytics wrote in its research that was received today, Wednesday (4/5/2016).

Editor : Linda Teti Silitonga

http://market.bisnis.com/read/20160504/191/544517/hari-ini-analis-saham-bahas-subsidi-untuk-biodiesel

CPO PRICE MAY 04: Rebounded In The Early Trade, Up By 0.32%

04

May

CPO PRICE MAY 04: Rebounded In The Early Trade, Up By 0.32%

The July 2016 CPO futures contract, the most actively traded contract on Bursa Malaysia, opened up 0.32% or 8 points at a price of RM2,547 per ton at [...]

CPO PRICE MAY 04: Rebounded In The Early Trade, Up By 0.32%. The July 2016 CPO futures contract, the most actively traded contract on Bursa Malaysia, opened up 0.32% or 8 points at a price of RM2,547 per ton at the start of trading.
The price of the commodity rose slightly by 0.04% or 1 point to RM2.540 per ton at 09.59 WIB. The price of CPO successfully rebounded this morning after a continuous decline for the past four trading days.
Yesterday (Tuesday, May 3, 2016), the price of CPO closed significantly down 2.08% or 54 points to RM2,539 per ton, continuing the decline in the morning.
Meanwhile, the ringgit exchange rate was seen to weaken against the US dollar in the Asian spot market. The Malaysian currency depreciated sharply by 1.16% to RM3.98 per US dollar.
As reported by Bloomberg today, the Malaysian ringgit fell to a two-month low following a statement by President of the Federal Reserve Bank of Atlanta Dennis Lockhart, who indicated the certainty of an interest rate increase in June.
The statement triggered the rebound of the US dollar from its lowest level with the increase of the Bloomberg Dollar Spot Index from its lowest level in a year.
Price Movements of July 2016 CPO Contract

Date

Level

Change

May 4, 2016(09.59 WIB)
2,540
+0.04%

May 3, 2016

2,539

-2.08%

Source: Bloomberg

Editor: Bunga Citra Arum Nursyifani
http://market.bisnis.com/read/20160504/94/544526/harga-cpo-4-mei-rebound-di-awal-dagang-menguat-032

Latest News

Latest News

10

CPO PRICE MAY 10: Rises 0.38% As Ringgit Weakens

10

RUBBER PRICES MAY 10: Closed up 0.61% following crude oil prices

10

U.S. dollar rises on Fed comments

09

CPO PRICE MAY 9: Soars 1.26% Amid Strengthening Crude Oil Prices

04

Today Stock Analyst Discusses Subsidies for Biodiesel

04

CPO PRICE MAY 04: Rebounded In The Early Trade, Up By 0.32%

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