CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended
broadly lower yesterday in line with its rival soyaoil as the market
still lacks fresh positive leads, a dealer said.
“Traders are
looking forward for firm fresh leads and data,” he said, adding that
trading is expected to remain rangebound RM2,540-RM2,650 this week.
May
2010, June 2010 and July 2010 fell RM39 each to RM2,550, RM2,524 and
RM2,515, respectively, while August dropped RM36 to RM2,509 per tonne.
Volume slid to 9,276 lots from 10,336 lots on Monday and open interest
slipped to 63,454 contracts from 63,654 contracts previously.
Source : Business Times
