1. Healthcare

ADMISI Commodity Research
January 29, 2015
Tushar Rathod: [email protected]
Crude Palm Oil Recap
BMD CPO
Previous
FEB5
2188
MAR5
2185
APR5
2178
MAY5
2160
JUN5
2143
Net Total Change in
Open
High
Low
Close
2181
2168
2164
2150
2131
OI =
2221
2221
2216
2201
2181
5728
2180
2168
2164
2148
2131
2221
2217
2210
2193
2173
Spread
Feb-2015
Mar-2015
Apr-2015
May-2015
Feb-2015
Mar-2015
4
ICDX CPO
Previous
Open
High
Low
Close
FEB5
MAR5
APR5
MAY5
7505
7600
7645
7665
7420
7585
7630
7600
7645
7745
7800
7835
7420
7530
7575
7600
7595
7700
7770
7785
MCX CPO
Previous
Open
High
Low
Close
JAN5
427
427.3
FEB5
434.7
435.4
MAR5
439.8
440.2
Net Total Change in OI =
429.1
439
443.2
48
424.7
427.2
431.3
425.4
428.3
432.3
Spread
Jan-2015
Feb-2015
Production
Stocks
Exports
Net
Chg.
33
32
32
33
30
%
Chg.
1.51
1.46
1.47
1.53
1.40
Apr-2015
11
7
Net
Chg.
90
100
125
120
Jan-2015
% Vol.
Chg.
-50.37
-37.69
15.94
45.44
-4.28
Volume
265
2637
27417
12179
3732
May-2015
28
24
17
%
Chg.
1.20
1.32
1.64
1.57
Net
Chg.
-1.6
-6.4
-7.5
Feb-2015
-2.9
%
Chg.
-0.37
-1.47
-1.71
OI
OI Chg.
1529
19017
39437
20440
13831
-224
-527
2744
2712
1023
OI
OI Chg.
2
79
7
4
1
13
-18
-9
Jun-2015
48
44
37
20
% Vol.
Chg.
24.24
385.71
16.55
-12.55
Volume
41
680
1437
864
Volume
561
2598
1202
% Vol.
Chg.
-5.71
73.43
-9.62
OI
765
2995
2792
OI
Chg.
-185
-101
334
Mar-2015
-6.9
-4
Malaysia MPOB data (million MT)
MPOB November
MPOB December 2014
Expected
2014
1.36
1.35
1.75
2.01
2.02
2.27
1.52
1.50
1.51
MPOB December 2013
1.66
1.98
1.52
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Page 1 of 6
ADMISI Commodity Research
January 29, 2015
Date
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
28-Jan-15
Tushar Rathod: [email protected]
Physical Market Rates
Commodity
Malaysia CPO FOB - January
Malaysia Palm Kernel FOB - January
Malaysia Palm Oil RBD FOB - February
Malaysia Palm olein - February
Malaysia Palm Stearin - February
China - Tianjin Refined Palm oil Spot
Indonesia CPO FOB Spot
India Mumbai C & F CPO Spot
India Mumbai C & F Palm olein RBD Spot
India Kakinada Palm olein RBD Spot
India Kandla Palm olein RBD Spot
India Mangalore Palm olein RBD Spot
Rate
617.92
1323.43
630.00
630.00
635.00
4900.00
607.00
632.00
655.00
475.00
477.00
490.00
Units
$ / MT
$ / MT
$ / MT
$ / MT
$ / MT
CNY / MT
$ / MT
$ / MT
$ / MT
Rs. / 10 Kg
Rs. / 10 Kg
Rs. / 10 Kg
Source: - Reuters
•
•
•
•
•
•
•
BMD CPO futures moved higher yesterday on weaker Ringgit.
Ideas that the recent selling in the last few sessions was overdone likely triggered the rally
yesterday.
Exports of Malaysian Palm oil products during Jan. 1-25 fell 17.7% to 886,189 MT from 1,077,140
MT shipped during Dec. 1-25, cargo surveyor Intertek Testing Services said.
Exports of Malaysian Palm oil products for Jan. 1-25 fell 19.0% to 877,730 MT from 1,083,151
MT shipped during Dec. 1-25, cargo surveyor Societe Generale de Surveillance said.
CBOT Soy oil March closed lower by 0.87 cent yesterday at 30.34 cents/pound.
Indian MCX CPO futures closed lower yesterday. Rupee closed flat yesterday.
Crude oil closed lower yesterday. US Dollar index ended firm yesterday.
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Page 2 of 6
ADMISI Commodity Research
January 29, 2015
Tushar Rathod: [email protected]
Spread: - CBOT Soy Oil May – BMD CPO April
Source: - Reuters
The CBOT Soy Oil May – BMD CPO April spread is at $62.64/MT.
Spread: - NCDEX Soy Oil February – MCX CPO February
Source: - Reuters
The NCDEX Soy Oil February – MCX CPO February spread is at Rs.183.30/10 Kg.
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Page 3 of 6
ADMISI Commodity Research
January 29, 2015
Tushar Rathod: [email protected]
Charts & Outlook
BMD CPO with USDMYR
Source: - Reuters
BMD Crude Palm Oil April (2210)
Trade Recommendation: - Sell in the range 2180 – 2200, S/L 2223, TGT 2121 - 2080. This call is on.
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Page 4 of 6
ADMISI Commodity Research
January 29, 2015
Tushar Rathod: [email protected]
MCX CPO with USDINR
Source: - Reuters
MCX CPO February (427.90)
Trade Recommendation: - Sell below 438, S/L 443, TGT 427. This call is on.
Outlook: - Poor export demand is negative for prices amid negative momentum and weakness in Soy oil
prices. CPO prices may move lower towards 2100 – 2050 levels. Resistance is at 2250 levels.
Dalian Palmolein May (4764)
Comments: - Downside towards 4600 levels may be seen.
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ADMISI Commodity Research
January 29, 2015
Tushar Rathod: [email protected]
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