03/06/2020 close price change (%) volume open interest ... daily... · palm oil markets analysis...

Palm Oil Association of Singapore

12 Marina Blvd, #22-04 MBFC Tower 3, Singapore 018982

TEL: +65 6914 2859

Email: [email protected]

POAS Daily Highlights 04 Jun 2020

Page | 1

Palm Oil Association

of Singapore

Main Contract on Global Palm Oil markets

03/06/2020 Close Price Change (%) Volume Open Interest

APEX CRUDE PALM OIL Aug 20 566.00 2.68% 6169 4009

BMD CRUDE PALM OIL Aug 20 564.04 3.11% 21445 39428

DCE PALM OLEIN Sep 20 688.81 2.15% 963480 407105

MCX CRUDE PALM OIL Jun 20 878.10 -0.71% 1540 2670

FX Markets

FX Close Previous Day Close Change (%) 10 Day Chart

USD INDEX 97.34 97.67 -0.33% .

CNY/MYR 0.6137 0.6137 0.00%

USD/MYR 4.2550 4.2720 -0.40%

USD/CNY 7.1115 7.0992 0.17%

USD/INDIAN RUPEE 75.310 75.090 0.29%

USD/INDO RUPIAH 14050.0 14380.0 -2.29%

APEX CPO vs BMD FCPO Price Comparison

Contract MonthAPEX CPF

(DSP)

BMD FCPO in USD

(EOD)*

Absolute

Difference% Difference

Jul-20 590.00 573.68 16.32 2.77%

Aug-20 566.00 564.04 1.96 0.35%

Sep-20 563.75 560.52 3.23 0.57%

Oct-20 563.25 559.11 4.14 0.74%

Nov-20 561.25 559.11 2.14 0.38%

Dec-20 559.25 560.52 -1.27 -0.23%

* Calculated based on respective months' USD/MYR rates


Page | 2

Palm Oil Markets Analysis

1.96

564.04566.00

-20

-10

0

10

20

30

300

350

400

450

500

550

600

(Unit:USD/MT)

APEX CPF vs BMD FCPO 30 Day Spread

APEX-BMD Differential BMD FCPO Active Month APEX CPO Active Month

-20-15-10

-505

101520

490500510520530540550560570

3/6

/20

20 1

8:0

0

3/6

/20

20 1

6:5

0

3/6

/20

20 1

5:4

0

3/6

/20

20 1

4:3

0

3/6

/20

20 1

2:1

5

3/6

/20

20 1

1:0

5

3/6

/20

20 9

:40

2/6

/20

20 1

7:2

5

2/6

/20

20 1

6:1

5

2/6

/20

20 1

5:0

5

2/6

/20

20 1

2:3

0

2/6

/20

20 1

1:2

0

2/6

/20

20 1

0:0

5

1/6

/20

20 1

7:5

0

1/6

/20

20 1

6:4

0

1/6

/20

20 1

5:3

0

1/6

/20

20 1

4:2

0

1/6

/20

20 1

2:0

5

1/6

/20

20 1

0:5

5

1/6

/20

20 9

:25

29

/5/2

020

17

:10

29

/5/2

020

16

:00

29

/5/2

020

14

:50

29

/5/2

020

12

:20

29

/5/2

020

11

:10

(Unit:USD/MT)

APEX CPF vs FCPO 5 Day SpreadAPEX-BMD Differential BMD FCPO Active Month

APEX CPO Active Month

-49.09

566.00

615.09

-120

-70

-20

30

80

200

250

300

350

400

450

500

550

600

650

(Unit:USD/MT)

APEX CPF vs CME Soybean Oil 30 Day Spread

APEX-Soybean Oil Differential APEX CPO Active Month CME BO Active Month

-122.81

566.00

688.81

-200

-150

-100

-50

0

50

100

150

100

200

300

400

500

600

700

800

(Unit:USD/MT)

CPF vs DCE Palm 30 Day SpreadAPEX-DCE Palm Olein Differential APEX CPO Active Month

DCE DCP Active Month

258.75

566.00

307.25

0

100

200

300

400

500

600

700

(Unit:USD/MT)

APEX CPF vs ICE LGO 30 Day Spread

APEX-LGO Differential APEX CPO Active Month ICE LGO Active Month

566.00

878.10

0

100

200

300

400

500

600

700

800

900

(Unit:USD/MT)

CPF vs MCX Palm 30 Day SpreadAPEX-MCX Differential APEX CPO Active Month MCX CPO Active Month


Page | 3

Crude Palm Oil (Indonesia): FOB Belawan/Dumai 582.50

Change (USD/MT) 15.00

Change (%) 2.64%

5 days average 557.50


1 year average 576.70

year high 810.00

year low 452.50

Crude Palm Oil

(Malaysia): FOB 577.46


Change (%) 1.64%




year high 772.43

year low 454.43

Palm Olein (Malaysia): FOB PKPG 600.00


Change (%) 2.13%




year high 797.50

year low 487.50

Palm Olein (Malaysia):

CNF South China 622.00


Change (%) 3.32%




year high 824.00

year low 519.00

Palm Olein Guangdong 5150

Change (RMB/MT) 100

Change (%) 1.98%

5 days average 5040

20 days average 4820

1 year average 5002

year high 6730

year low 4220

The data sets in this document were obtained from publicly available sources.

577.46582.50

600.00

400

500

600

700

800

900

3/6

/20

20

20

/5/2

02

0

6/5

/20

20

23

/4/2

02

0

13

/4/2

02

0

1/4

/20

20

20

/3/2

02

0

10

/3/2

02

0

27

/2/2

02

0

17

/2/2

02

0

5/2

/20

20

23

/1/2

02

0

13

/1/2

02

0

31

/12

/2…

18

/12

/2…

6/1

2/2

01

9

26

/11

/2…

14

/11

/2…

4/1

1/2

01

9

22

/10

/2…

10

/10

/2…

30

/9/2

01

9

18

/9/2

01

9

5/9

/20

19

26

/8/2

01

9

14

/8/2

01

9

1/8

/20

19

19

/7/2

01

9

9/7

/20

19

27

/6/2

01

9

(Un

it:

USD

/MT)

Palm Oil Price Comparison - Malaysia/IndonesiaCrude Palm Oil (Malaysia): FOB Crude Palm Oil (Indonesia): FOB Belawan/Dumai

Palm Olein (Malaysia): FOB PKPG

5150

622.00

450

550

650

750

850

3840

4340

4840

5340

5840

6340

6840

7340

(Un

its:

USD

/MT)

(Un

its:

CN

Y/M

T)

Palm Oil Price Comparison - ChinaPalm Olein Guangdong Palm Olein (Malaysia): CNF South China

-205.39

-800

-600

-400

-200

0

200

400

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

(Unit:CNY/MT)

Guangdong Palm Olein (24 degree) Spot vs Palm Olein (Malaysia): CNF South China Profit Comparison

2017 2018 2019 2020


Page | 4

Other Updates:

PTP Tenders – Indonesia

Dates PTP (IDR '000) PTP (USD) USD/IDR

03-Jun 7333 574.78 14245

02-Jun 7400 570.27 14502

01-Jun Holiday

29-May 7000 535.12 14733

28-May 6975 532.27 14769

27-May 6880 531.09 14761

21-26 May

Holiday

20-May 6600 Bid 506.4 Bid

14785 6725 Off 514.85 Off

19-May 6725 513.69 14823

18-May 6725 511.80 14885

15-May 6600 497.69 14909

14-May 6478 488.43 14946

13-May 6530 493.64 14887

12-May 6540 491.64 14978

11-May 6679 502.17 14936

08-May 6600 494.74 15009

06-May 6630 493.29 15127

05-May 6725 Bid 505.21 Bid

15104 6800 Off 500.25 Off

04-May 6880 511.45 15073

590.80

300

400

500

600

700

800

900

(Units: USD/MT)

Crude Palm Oil Rotterdam CIF


Page | 5

Sector Updates:

Malaysia

Palm Oil Kings Indonesia, Malaysia Lost Less Forest in 2019. Indonesia and Malaysia lost less tree

cover in 2019 than the year before but continued to suffer some of the heaviest primary forest losses

in the world, new data based on US satellite imagery show. Cambodia and Laos also made the global

top 10 and saw the sharpest spikes in year-on-year forest loss in Southeast Asia, according to images

analyzed by the University of Maryland and released today by Global Forest Watch, a project of the

US-based World Resources Institute. (Source:VOA News)

EU

EU 2019/20 soybean imports at 13.8 mln T by May 31, rapeseed 5.6 mln T. European Union soybean

imports in the 2019/20 season that started last July had reached 13.83 million tonnes by May 31,

official EU data showed on Tuesday. That was 0.2% below the volume cleared by May 26 last year,

the data showed. (Source:Reuters)

India

India steps up efforts to curb locust infestation. Battling its worst desert locust outbreak in decades,

India is ordering new equipment to control the swarms before summer crop-sowing gathers pace in

the middle of this month. India has brought the locusts under control at 399 locations in five states

and has placed an order to buy 60 new insecticide spraying machines, two government sources said.

(Source:Reuters)

US

California court hears appeal of $289 mln verdict against Bayer in first Roundup cancer trial. The A

California appeals court on Tuesday heard arguments in the first case that went to trial over

allegations that Bayer AG's glyphosate-based weed killer Roundup causes cancer, resulting in a $289

million judgment against the company. The August 2018 jury verdict in favor of groundskeeper

Dewayne Johnson, later reduced by a judge to $78 million, launched massive litigation over the weed

killer that has led Bayer's stock price to tumble more than 30%. (Source:Reuters)

Outlook promising for soybean oil buyers. Barring unexpectedly heavy Chinese purchases of US

soybeans or a weather threat to the 2020 soybean crop, food industry ingredient buyers may expect

to see relatively low, which is to say favorable, soybean oil prices continuing into the fall, Paul Meyers,

vice president, commodity analysis, Foresight Commodity Services, Inc., told executives participating

in the Sosland Publishing Purchasing Seminar webinar on June 1. (Source:Food Business News)


Page | 6

Biodiesel Fuel Basics

Diesel Vehicles Using Biodiesel

Biodiesel and conventional diesel vehicles are one and the same. Although light-, medium-, and

heavy-duty diesel vehicles are not technically alternative fuel vehicles, almost all are capable of

running on biodiesel blends. The most common biodiesel blend is B20, which ranges from 6% to 20%

biodiesel blended with petroleum diesel. However, B5 (a biodiesel blend of 5% biodiesel, 95% diesel)

is also commonly used in fleet vehicles. B20 and lower-level blends can be used in many diesel vehicles

without any engine modification.

Biodiesel raises the cetane number of the fuel and improves fuel lubricity. A higher cetane number

means the engine is easier to start and reduces ignition delay. Diesel engines depend on the lubricity

of the fuel to prevent moving parts from wearing prematurely. Improved lubricity reduces friction

within the moving parts, avoiding additional wear. A primary advantage of biodiesel is that it can

improve the lubricity of the fuel at blend levels as low as 1%.

All original equipment manufacturers (OEMs) approve the use of B5. However, it is important to check

the OEM engine warranty to ensure that higher-level blends of this alternative fuel are approved, such

as B20. Visit the National Biodiesel Board for information on OEM approvals of biodiesel use in

vehicles.

(Source: Energy.Gov)


Page | 7

Disclaimers:

The information and/or materials have been procured from sources which are believed to be reliable and accurate and

are provided “as is” without warranty of any kind regarding reliability and accuracy or fitness for a purpose, either

express or implied. They are provided solely for general information only and are not intended and should not be taken

as any offer or solicitation to do any investment or trade.

The Palm Oil Association of Singapore (“POAS”) is not an entity governed by nor licensed under the Financial Advisors

Act and no assessment has been made by the POAS on the suitability of the materials for you and the materials

provided herein do not take into account suitability of the investments for you, nor does it constitute investment or

trading advice. All trades and/or investments are subject to investment and trading risks including possible margin

calls. The value of the product and the income from them may fall as well as rise. Ideally, you should and you may wish

to seek advice from an independent financial adviser before making a commitment to purchase or invest in the

investment product(s) mentioned either in this e-mail. In the event that you choose not to do so, you are then choosing

to make your own decision on whether any of the said investment product(s) are suitable for you. The POAS shall not,

in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection

with your reliance on any information in and/or materials contained in this email.


Website: https://poaos.org

12 Marina Blvd, #22-04 MBFC Tower 3, Singapore 018982

Phone: +65 6914 2859

Email: [email protected]

https://poaos.org/

mailto:[email protected]

03/06/2020 close price change (%) volume open interest ... daily... · palm oil markets analysis...

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