CPO futures end mostly higher

CPO FUTURES
CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed mostly higher yesterday, dealers said.
They said the firmer prices were helped by lower vegetable oils output amid gloomy weather and higher crude oil price.
January 2011 gained RM10 to RM3,730 per tonne, February 2011 rose RM6 to RM3,696, March 2011 increased RM7 to RM3,665 and January 2012 declined RM20 to RM3,500 per tonne.

Turnover declined to 11,642 lots from 17,660 previously. Open interest increased to 91,035 contracts from 90,289 on Thursday. On the physical market, January South was RM35 higher at RM3,675 per tonne.
RUBBER
THE Malaysian rubber market ended higher yesterday in line with the firmer Tokyo rubber futures, which hit a record on supply shortage and soaring crude oil price, dealers said.
They said crude oil price climbed to its highest in more than two years at US$94 (US$1.00 = RM3.14) per barrel due to freezing weather and signs of recovery in the US economy.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 inceased by 2.5 sen to 1,502 sen per kg while latex-in-bulk gained 3 sen to 990.50 sen per kg.
TIN
TIN price on the Kuala Lumpur Tin Market (KLTM) closed unchanged from Thursday’s close of US$26,650 (US$1.00 = RM3.14) per tonne, despite an uptrend on the London Metal Exchange (LME), dealers said yesterday.
The price of the metal on the LME, which influences global prices, rose by US$25 to US$26,875 per tonne overnight.
At the KLTM yesterday, trading was quiet on the eve of Christmas.
Turnover amounted to 45 tonnes with the participation of Japanese, European and local traders.
At the opening bell, buyers bid for 50 tonnes while sellers offered 45 tonnes.
The price differential between the KLTM and the LME narrowed to a premium of US$180 per tonne from Thursday's US$205 per tonne. — Bernama
(Source: CPO futures end mostly higher http://www.btimes.com.my/Current_News/BTIMES/articles/copire/Article/#ixzz19BJFPOGl)