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| Domestic RBDPO Cash Prices Trends 2004
(2010/09/09) |
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A:In the middle of JanCMDEX future market ceased liquidation and went up again. With the support of international market, domestic prices went up continuously.
B:Along with the uptrend of foreign markets, domestic prices ran to the highest level in the first half March. Then because BMD began to retreat gradualy, and abundant arrivals in ports, the domestic prices went down.
C: Along with sharply downtrend of CBOT soy products and BMD CPO prices in the middle of May, domestic palm oil prices went down vertically.
D:The rebound waves from BMD and CBOT, temperature increasing gradually, demand increasing, these resulted in the rebound of palm oil prices.
E:In summer season, palm oil was consumed rapidly and the arrivals was relatively in short. The stocks ran to relatively low level. Palm oil prices went up.
F:Along with the coming of autumn, the offtakes for palm oil decreased. Palm oil prices became weak with the soy oil market. |
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