KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday following positive export, output and stock data released by the Malaysian Palm Oil Board (MPOB), dealers said.
A dealer said exports rose 5.2 per cent to 1.61 million tonnes, slightly better than forecasts for 1.55 million tonnes.
Output in September went up 10.2 per cent to 1.91 million tonnes, below a forecast 15 per cent rise.
He said the MPOB data are better than expected, adding that the overall MPOB report paints a bullish picture.
Meanwhile, spot month October 2013 rose RM21 to RM2,390, November 2013 appreciated RM21 to RM2,389, December 2013 firmed RM22 to RM2,391, and January 2014 increased RM24 to RM2,394 a tonne.
Volume rose to 35,454 lots from 25,983 lots on Wednesday, while open interest increased to 187,473 contracts against the 178,518 contracts previously.
On the physical market, October South was up RM20 to RM2,390 a tonne.OILLONDON:
Crude oil gained yesterday, reaching US$110 per barrel, after the seizure of Libya's prime minister punctured confidence that its oil exports would return smoothly to normal.
Prime Minister Ali Zeidan was captured and held for several hours by former rebel militiamen angry at the weekend capture by United States special forces of a Libyan al Qaeda suspect in Tripoli.
Brent futures rose 96 cents to US$110.02 (US$1.00 = RM3.23) per barrel at 1255GMT. West Texas Intermediate for November delivery was up 42 cents to US$102.03 a barrel.RUBBERKUALA LUMPUR:
Malaysian rubber prices closed lower yesterday due to lack of demand for the commodity, dealers said.
A dealer said the bearish sentiments were influenced by the weaker rubber prices on the Tokyo Commodity Exchange.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 6.5 sen lower at 747 sen a kg and latex-in-bulk shed two sen to 535 a kg.
The unofficial closing price for tyre-grade SMR 20 dropped 14 sen to 738.50 sen a kg and latex-in-bulk eased three sen to 533.50 a kg.GOLDLONDON:
Gold fell to about US$1,300 an ounce yesterday as the dollar rebounded on signs that Washington is moving towards breaking a stalemate over debt and averting a US default.
Spot gold fell 0.4 per cent to US$1,301.46 an ounce by 1146GMT, after dropping 0.9 per cent in the previous session.
US gold futures for December were down US$5.50 an ounce at US$1,301.80.
Silver rose 0.2 per cent to US$21.92 an ounce. Spot platinum gained 0.5 per cent to US$1,379.20 an ounce. Spot palladium rose 0.3 per cent to US$702.47 an ounce.TINKUALA LUMPUR:
The tin price on the Kuala Lumpur Tin Market (KLTM) closed US$200 lower yesterday at US$23,500 per tonne on high offerings against a backdrop of low demand.
The metal also tracked movements on the London Metal Exchange (LME) which eased US$150 to US$23,450 per tonne.
"Buyers were cautious and adopted a wait-and-see attitude at the opening in anticipation of prices coming down further," said a dealer, adding that they emerged at the lower levels.
On the local front, bids stood at 10 tonnes while offers amounted to 51 tonnes.
Turnover rose to 46 tonnes versus Wednesday's 27 tonnes with Japanese accounting for the bulk of of yesterday transaction.
The premium between the KLTM and LME narrowed to US$450 per tonne. - Agencies