KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday due to the strong performance of soyabean oil.
Meanwhile, spot month November 2013 gained RM22 to RM2,480, December 2013 firmed RM26 to RM2,471, January 2014 rose RM19 to RM2,463 and February 2014 increased RM13 to RM2,459 a tonne.
Volume improved to 36,495 lots from 30,546 lots last Friday, while open interest escalated to 191,064 contracts from 178,072 contracts previously.
On the physical market, November South was up RM20 to RM2,470 a tonne.OILLONDON:
Brent crude rose above US$107 (US$1.00 = RM3.16) a barrel yesterday, ending three days of losses, after oil exports from Libya plunged following fresh unrest, reviving supply concerns.
Brent for December delivery was up 67 cents at US$107.60 a barrel by 1208GMT. US crude was down 11 cents at US$97.74 a barrel.
Libya's crude oil exports have fallen to the lowest level in six weeks after operations at its western port of Zawia were suspended at the weekend, a senior official at Libya's National Oil Corp and trading sources said.RUBBERKUALA LUMPUR:
Rubber prices closed lower yesterday on lack of demand for the commodity, dealers said.
The bearish sentiment was also influenced by lower rubber futures prices on the Tokyo Commodity Exchange and Shanghai Futures Exchange market.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 16.5 sen lower at 721 sen a kg, and latex-in-bulk shed two-and-a-half sen to 525 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased seven sen to 721.50 sen a kg and latex-in-bulk declined by one-and-a-half-sen to 525 sen a kg.GOLDLONDON:
Gold hovered near five-week highs on growing confidence the United States Federal Reserve would stick with its bullion-friendly stimulus measures at a policy meeting later this week.
Spot gold was unchanged at US$1,352.61 an ounce by 1304 GMT. Last Friday, the metal hit US$1,355.20, its highest since September 20.
US gold futures for December delivery were up US$0.40 an ounce at US$1,352.80.
Spot silver rose 0.3 per cent to US$22.56 an ounce, spot platinum was up one per cent at US$1,458.50, while spot palladium inched up 0.1 per cent to US$740.75 an ounce.TINKUALA LUMPUR:
Tin price on the Kuala Lumpur Tin Market (KLTM) rose by US$170 a tonne yesterday to close at US$23,100 a tonne, supported by foreign demand, a dealer said.
"The day's trading was backed by scattered buying, mainly from European traders," the dealer told.
The rise in the KLTM price was also in tandem with the uptrend on the London Metal Exchange (LME), which improved by US$330 a tonne to US$23,205 a tonne.
On the local front, bids amounted to 60 tonnes, against offers of 35 tonnes at the opening bell.
Turnover rose to 40 tonnes against 30 tonnes Friday on the participation of European, Japanese and local traders.
The premium between the KLTM and the LME narrowed to US$295 a tonne from US$455 a tonne last Friday. - Agencies