buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeNewstext

buy apple account(buyappleacc.com):VEGOILS-Palm oil gains on forecasts of tight July supply, upbeat August exports

admin2021-08-0727

choi Baccarat

if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.

,

KUALA LUMPUR, Aug 5 - Malaysian palm oil futuresrose for a third straight session on Thursday, lifted byforecasts showing tight supply, lower production in July andhopes of a rise in August exports.

The benchmark palm oil contract for Octoberdelivery on the Bursa Malaysia Derivatives Exchange gained 24ringgit, or 0.56%, to 4,315 ringgit ($1,022.27) a tonne duringearly trade, after rising 3.6% in the previous session.

FUNDAMENTALS

* Malaysia's palm oil stockpile at the end of July likelyexpanded 1.6% to 1.64 million tonnes, its highest level in 10months, a Reuters survey showed on Thursday.

* Output is seen shrinking 4% to 1.54 million tonnes, whileexports are forecast to decline 4.2% to 1.36 million tonnes,according to the Reuters survey.

* The Malaysian Palm Oil Board will release the officialdata on August 11.

* Ahead of cargo surveyor data, traders pegged exportshipments during August 1-5 to jump 12.6% from the month before,after declining in July.

* Dalian's most-active soyoil contract rose 1.8%and its palm oil contract gained 1.6%. Soyoil prices onthe Chicago Board of Trade were down 0.4%.

* Palm oil is affected by price movements in related oils asthey compete for a share in the global vegetable oils market.

* Palm oil faces a resistance at 4,312 ringgit per tonne, itmay hover below this level or retreat towards 4,197 ringgit,Reuters technical analyst Wang Tao said.

MARKET NEWS

* Asian shares held on to recent gains in morning trading onThursday, despite hawkish remarks from a senior official at theU.S. Federal Reserve, that boosted the dollar while weighing onrisk appetite, and uncertainty about Chinese policy.

DATA/EVENTS

0130 Australia Trade Balance G&S June

0600 Germany Industrial Orders MM June

1100 UK BOE Bank Rate Aug

1100 UK GB BOE QE Corp Aug

1230 US International Trade June

1230 US Initial Jobless Clm Weekly

($1 = 4.2220 ringgit)($1 = 4.2210 ringgit) REUTERS


转载说明:本文转载自Sunbet。

Reviews

Popular tags