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6981 - Murata Manufacturing Co News Story

¥8998 -129.0  -1.4%

Last Trade - 7:00am

Sector
Industrials
Size
Large Cap
Market Cap £38.85bn
Enterprise Value £37.71bn
Revenue £10.54bn
Position in Universe 18th / 3900

VEGOILS-Palm oil hits near two-week low on subdued partial Nov export data

Mon 23rd November, 2020 3:04am
KUALA LUMPUR, Nov 23 (Reuters) - Malaysian palm oil futures
slipped to a near two-week low on Monday, hit by shrinking
November exports and tracking losses in rival Dalian oils. 
    The benchmark palm oil contract  FCPOc3  for February
delivery on the Bursa Malaysia Derivatives Exchange slid 57
ringgit, or 1.73%, to 3,231 ringgit ($790.56) a tonne during
early trade, its lowest since Nov. 10. 
    Palm fell 2.7% last week, ending a four-week rally. 
    
    FUNDAMENTALS
    * Exports from Malaysia during Nov. 1-20 fell 16% from the
same period in October, as shipments to the Indian subcontinent
contracted by almost half, according to data from cargo
surveyors on Friday.  urn:newsml:reuters.com:*:nL4N2I613E urn:newsml:reuters.com:*:nAZN00LQ24
    * Dalian's most-active soyoil contract  DBYc2  fell 1.6%,
while its palm oil contract  DCPc2  slipped 2.8%. Soyoil prices
on the Chicago Board of Trade  BOc2  were up 0.6%.
    * Palm oil is affected by price movements in related oils as
they compete for a share in the global vegetable oils market.
    * Palm oil may test a support at 3,261 ringgit per tonne, a
break below which could cause a fall into 3,173-3,221 ringgit
range, Reuters technical analyst Wang Tao said.  TECH/C 
    
    MARKET NEWS
    * A broad gauge of Asian shares edged up to record highs on
Monday morning as hopes for imminent coronavirus vaccines buoyed
investor sentiment, but worries over the impact of economic
lockdowns and uncertainty over U.S. stimulus capped gains.
 MKTS/GLOB     
        
    DATA/EVENTS
    0815  France  Markit Mfg, Serv, Comp Flash PMIs
    0830  Germany Markit Mfg, Serv, Comp Flash PMIs
    0900  EU      Markit Mfg, Serv, Comp Flash PMIs
    0930  UK      Flash, Composite, Mfg, Serv PMIs
    1445  US      Markit Mfg, Serv, Comp Flash PMIs
    

($1 = 4.0870 ringgit)

 (Reporting by Mei Mei Chu; Editing by Rashmi Aich)
 ((Meifong.chu@thomsonreuters.com))
 
((For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type  OILS/MY01 .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in  OILS/ASIA2  and press enter, or double click between the brackets. 
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11.
Vegetable oils                        OILS/ASIA1 
Malaysian palm oil exports            SGSPALM1   
CBOT soyoil futures                   0#BO:      
CBOT soybean futures                  0#S:       
Indian solvent                        SOLVENT01  
Dalian Commodity Exchange             DC/MENU   
Dalian soyoil futures                 0#DBY:   
Dalian refined palm oil futures       0#DCP:   
Zhengzhou rapeseed oil                0#COI:   
European edible oil prices/trades     OILS/E    ))
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