1. Healthcare

ADMISI Commodity Research
January 28, 2015
Tushar Rathod: [email protected]
Crude Palm Oil Recap
BMD CPO
Previous
FEB5
2200
MAR5
2189
APR5
2172
MAY5
2155
JUN5
2139
Net Total Change in
Open
High
Low
Close
2182
2185
2171
2152
2136
OI =
2192
2190
2182
2165
2148
-393
2173
2161
2151
2136
2119
2188
2185
2178
2160
2143
Spread
Feb-2015
Mar-2015
Apr-2015
May-2015
Feb-2015
Mar-2015
3
ICDX CPO
Previous
Open
High
Low
Close
FEB5
MAR5
APR5
MAY5
7550
7620
7635
7645
7560
7610
7650
7605
7560
7640
7690
7695
7425
7505
7540
7550
7505
7600
7645
7665
MCX CPO
Previous
Open
High
Low
Close
JAN5
434.6
431.4
431.4
FEB5
440.5
437.2
437.2
MAR5
445.1
436.8
441
Net Total Change in OI =
340
424.4
429.4
433.3
427
434.7
439.8
Spread
Jan-2015
Feb-2015
Production
Stocks
Exports
Net
Chg.
-12
-4
6
5
4
%
Chg.
-0.55
-0.18
0.28
0.23
0.19
Apr-2015
10
7
Net
Chg.
-45
-20
10
20
Jan-2015
% Vol.
Chg.
-6.97
47.97
-9.85
9.69
17.19
Volume
534
4232
23648
8374
3899
May-2015
28
25
18
%
Chg.
-0.60
-0.26
0.13
0.26
Net
Chg.
-7.6
-5.8
-5.3
Feb-2015
-7.7
%
Chg.
-1.75
-1.32
-1.19
OI
OI Chg.
1753
19544
36693
17728
12808
-323
-1113
-139
-75
1257
OI
OI Chg.
1
66
25
13
-2
14
7
6
Jun-2015
45
42
35
17
% Vol.
Chg.
-57.69
-39.13
-13.78
5.44
Volume
33
140
1233
988
Volume
595
1498
1330
% Vol.
Chg.
21.93
-41.76
13.58
OI
950
3096
2458
OI
Chg.
-75
-100
515
Mar-2015
-12.8
-5.1
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 28, 2015
Date
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
27-Jan-15
21-Jan-15
27-Jan-15
21-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
614.57
1323.43
630.00
625.00
635.00
4900.00
610.00
630.00
655.00
513.00
475.00
518.00
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 closed flat yesterday after falling for 4 consecutive sessions. Ringgit rose
slightly yesterday.
According to a Palm oil industry expert, recent flooding in Malaysia is expected to dent Palm oil
output in the first quarter but should lead to higher yields for the rest of the year, putting pressure
on prices in a well supplied market.
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 higher by 0.09 cent yesterday at 31.17 cents/pound.
Indian MCX CPO futures closed lower yesterday. Rupee closed higher last week.
Crude oil closed higher yesterday. US Dollar index ended lower yesterday.
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Page 2 of 6
ADMISI Commodity Research
January 28, 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 $88.44/MT.
Spread: - NCDEX Soy Oil February – MCX CPO February
Source: - Reuters
The NCDEX Soy Oil February – MCX CPO February spread is at Rs.175.70/10 Kg.
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Page 3 of 6
ADMISI Commodity Research
January 28, 2015
Tushar Rathod: [email protected]
Charts & Outlook
BMD CPO with USDMYR
Source: - Reuters
BMD Crude Palm Oil April (2178)
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 28, 2015
Tushar Rathod: [email protected]
MCX CPO with USDINR
Source: - Reuters
MCX CPO February (434.50)
Trade Recommendation: - Sell below 438, S/L 443, TGT 427.
Outlook: - Poor export demand is negative for prices amid negative momentum. CPO prices may move
lower towards 2100 – 2050 levels. Resistance is at 2200 levels.
Dalian Palmolein May (4804)
Comments: - Downside towards 4600 levels may be seen.
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ADMISI Commodity Research
January 28, 2015
Tushar Rathod: [email protected]
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