Expert in bulk transportation packaging

400-612-1877

NEWS

CONTACT US

Tel.: +86 533-2180 565

Fax.: +86 533-8170 944

E-mail: info@

Add.:#51,Lutai Rd.,Zibo,
        Shandong Pro.,
China


Current position:Home > News > Industries
Industries
Palm oil trade development
Public Time:2015-12-30 23:58:33 Click:
Palm oil falls on slow exports, year-end monsoon concerns

KUALA LUMPUR (Dec 28): Malaysian palm oil futures fell on Monday after hitting their highest in 18 months in the last session, as weaker export demand and concerns over the year-end mo-n soon season dampened market sentiment.

The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange lost 0.2% to RM2,482 (US$577.75) a tonne at the end of the morning session. The contract hit
a high of RM2,490 in the previous trading session on Wednesday, its highest since June 26,
2014.


"Exports are slightly down, and we're seeing some rains in the south," said a trader based in Kuala Lumpur, referring to the southern region of Peninsular Malaysia.

"The market may also be on a bit of profit taking."

Traded volume stood at 6,753 lots of 25 tonnes each at the midday break.

Palm oil export data from cargo surveyor Intertek Testing Services showed on Saturday a 15.8% drop in shipments from Dec 1–25, compared with the same time period a month ago.

The year end monsoon season in Southeast Asia is also a cause for lower output concerns,
as heavy rains and floods make it difficult to gather fresh fruit bunches and disrupt supply chains.


In other vegetable oil markets, both the US January soyoil contract and the May soybean oil contract on the Dalian Commodity Exchange lost 0.4%.


Flexitank for Palm Oil packaging and transportation which be loaded in bulk 20ft Container and
reduce the cost of shipment and operation to increase the Palm oil customer margin currently.
Hope our customer for Flexitank will be better and better in new 2016.


                                                                                                           From:MPOC....
友情链接:    微信买彩票合法吗   特区彩票网   K8彩票最新网址   蚂蚁彩票   买快乐十分