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HO WAH GENTING BHD - R U B B E R
pharoah88
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23-Sep-2011 12:28     
 
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DJ MARKET TALK: BMD CPO Falls To One-Month Low Recession Worries  
 
 
 


0338 GMT [Dow Jones] BMD CPO futures fall as much as 1.6% to a one-month low amid technical and speculative liquidation

- continued risk aversion due to concerns about global economic growth and rising supplies may mean further downward pressure in prices, a palm oil exporter in Sabah says

- sentiment is poor and buyers will stay on the sidelines ahead of industry outlook and forecasts by a leading analyst at Globoil Mumbai this weekend.

Benchmark December is down 0.6% at MYR2,990/ton CBOT December soyoil is down 0.3% in screen trade. (shie-lynn.lim@dowjones.com) 
 
Contact us in Singapore. 65 64154 140  MarketTalk@dowjones.com


(END) Dow Jones Newswires

September 22, 2011 23:38 ET (03:38 GMT)

Copyright (c) 2011 Dow Jones & Company, Inc.
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pharoah88
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12-May-2011 13:04     
 
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pharoah88
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12-May-2011 13:01     
 
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Sector Call

 

Rubber: Has it lost its bounce?                                                                                                                                                                                                        Neutral

Sector Update

¨            After being neglected for so many years, rubber has been regaining its bounce as a commodity du jour, with SMR20 prices more than doubling since Dec 08.

Although natural rubber (NR) prices have fallen by about 15-20% from the highs seen in Jan 11 to current levels, at current prices of RM13.00/kg,

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pharoah88
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12-May-2011 12:59     
 
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