CPO settled up 0.13% at 560.6 tracking firmness in spot demand but the market was rangebound ahead of a key industry report on production and stocks in the world's No. 2 producer. A surge in the palm market prompted a round of profit-taking and a technical correction this week, stretching losses into a fourth straight day and setting prices on track for their biggest weekly loss since end-March. Market players are waiting for official data on Malaysian end-October palm oil stocks, exports and output that will be released on Monday by industry regulator, the Malaysian Palm Oil Board (MPOB).
Monday, November 11, 2013
Commodity Trading Tips for Crude palm oil by KediaCommodity
CPO settled up 0.13% at 560.6 tracking firmness in spot demand but the market was rangebound ahead of a key industry report on production and stocks in the world's No. 2 producer. A surge in the palm market prompted a round of profit-taking and a technical correction this week, stretching losses into a fourth straight day and setting prices on track for their biggest weekly loss since end-March. Market players are waiting for official data on Malaysian end-October palm oil stocks, exports and output that will be released on Monday by industry regulator, the Malaysian Palm Oil Board (MPOB).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment