Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are not moving much and the demand and supply seems to balance each other at the moment. Indians are not very keen for buying and pricing is happening on need base.  Once again there is momentary demand for nearby and traders not very keen to discuss forward sunflower oil prices as they are quoted at a premium to near by sunflower oil. Bean oil on the other hand is at a discount and will be traded better in India. Ukraine sunflower oil which is showing good supply potential for new crop will have to trade at a discount to old crop sunflower oil and also new crop Soy bean oil , in order to make buyers in India and middle East interested.  Palm is showing slower export pace and thus bearish sentiments to remain intact price however to continue trade with in the narrow range.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -62 5304 -38 5112
  • BO -70 5844 -68 6012
  • SB -20 3891 -12 3895
  • SBM -8 2696 -6 2729
  • CBOT
  • Esbo Jul -0.02 32.80
  • Esbn Jul -1.50 936.25
  • Esbm Jul -1.00 300.50
  • CBOT Soyoil Share Jul 35.31%
  • ENERGY
  • Crude Jul +0.12 44.22
  • Gasoil Jul +2.75 421.25
  • Brent Aug +0.05 46.96
  • POGO Nov +138
  • Palm oil BMD (3rd month) Sept -25 2463
  • Hi 2477 Lo 2462
  • Vol 11,249 lots
  • MSIAN OLN
  • Jul 670 v dated 655
  • Aug 635 v 630
  • AS 625 v 620
  • Sept 615 v
  • OND 604 v 602
  • JFM 615/12.5 v 610
  • AMJ 617.5 v 615
  • JAS  612.5/10 v
  • OND 610 v
  • INDON CPO
  • Jul ? v 652.5
  • Aug 632.5 / 10th onw 630 v 617.5
  • Sept 622.5 / 10th onw 620 v 605
  • LCL MSIA CPO
  • June DLVD 2730
  • LCL MSIA STEARIN
  • July DLVD 617.5
  • LCL MSIA PFAD
  • July DLVD 615
  • 6 Ports Europe  SFO Jul 775, JAS 785, OND 790 and JFM 800
  • Black Sea sunflower oil JAS 737.50 vs 730, OND 742.50 vs –
  • Russian sunflower oil 710 vs –
  • Spain offered at USD 782.50 vs –
  • Italy offered at USD 780 vs –
  • India Sunflower oil offered July 795, ASOND 800 and Argie oil offered 770 tentatively.
  • Turkey offered at USD 765 vs –
  • Currency INR 64.44, Euro 1.1159, UAH 26.05, Rub 58.72 and RM 4.28.

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are unchanged once again today. It seems that markets have dried up of any bullish news. Interest rates, Weather, Crop and acreage are only factors for discussing. Ukraine sunflower oil sellers are asking 735 for JAS and buyers are only for AS at 730. Indian markets are showing various levels of sunflower oil rumours have that the offers for nearby were as aggressive as 775 which we can’t confirm. With us we see sellers July 780, AS 790 and OND 790. Locally it’s the same story with high stocks at east coast prices are at a discount and west coast still are paying premium to East. Demand to remain dull and in the narrow range.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO = 5232 +22 5042
  • BO = 5828 +2 5990
  • SB +12 3961 +14 3924
  • SBM -22 2654 -20 2693
  • CBOT
  • Esbo Jul = 32.09
  • Esbn Jul -1.25 930.50
  • Esbm Jul -0.30 301.50
  • CBOT Soyoil Share Jul 34.73%
  • ENERGY
  • Crude Jul = 44.68
  • Gasoil Jun +1.25 420.00
  • Brent Aug +0.06 47.06
  • POGO Nov +135

Palm oil BMD (3rd month) Aug +2 2458

Hi 2460 Lo 2440

Vol 24,026 lots
MSIAN OLN

Jul 657.5 v 650

JAS 632.5 v 625

Aug 627.5 v

AS 617.5 v 612.5

Sept 607.5 v

OND 600 v 595

JFM 610 v 604

AMJ 615 v 609

 

INDON CPO

Aug 10th onw 625 v

Sept 10th onw 615 v

OND 600/597.5 v 596

 

LCL MSIA CPO

June DLVD 2720

LCL MSIA STEARIN

July DLVD 612.5

LCL MSIA PFAD

  • July DLVD 610
  • 6 ports Europe June , JAS 780, OND 790, JFM 800 and AMJ 810
  • Black Sea sunflower oil JAS 735 vs 730, OND 735 vs 725, JFM 740 vs 725
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered at USD 780( vessel from small port of Ukraine also offered at USD 775)
  • Italy offered at USD 775 vs –
  • India offered for July 780, AS 790, OND 790 indicatively
  • Turkey offered at USD 770 vs—

Currency INR 64.31, RM 4.25, Rub 57.41, and Euro 1.1181

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Time to flip a coin I guess and be bold in deciding aggressively for Sunflower oil. Acreage for sunflower seeds is higher by 700k which would mean that the new crop next year won’t be smaller than the current year. This would make sunflower oil trade once again at a discount to bean oil which is being offered at USD 720 for OND without any major buying support.  Indian markets are once again trade less with GST round the corner traders and stockiest rushing to clean the stocks in hand and transit. Fresh demand to come only in the month of Aug and around festival time. Ukraine sunflower oil sellers are offering FOB 735 for JAS and 730 for OND with buyers about USD 5-10 lower. No fresh commitments for cargoes today but India is firmly offered July 795 and AS 790.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -30 6244 -20 5026
  • BO +18 5844 +26 6008
  • SB -9 3940 -7 3909
  • SBM +21 2677 +17 2712
  • CBOT
  • Esbo Jul +0.05 32.14
  • Esbn Jul +1.50 934.00
  • Esbm Jul +0.30 301.80
  • CBOT Soyoil Share Jul 34.75%
  • ENERGY
  • Crude Jul +0.05 46.00
  • Gasoil Jun +2.50 428.50
  • Brent Aug -0.42 48.30
  • POGO Oct +125

Palm oil BMD (3rd month) Aug +8 2440

Hi 2443 Lo 2432

Vol 14,366 lots

 

MSIAN OLN

July PG 657.5/55 v 652.5

JAS 627.5 v 625

AS 615 v 610

OND 597.5 v 593

JFM 607.5 v 605

AMJ 612.5 v 607.5

 

INDON CPO
LH July 655 v 10th onwards 640

Aug 10th onwards 625 v

Sept 10th onwards 610 v

 

LCL MSIA CPO

June DLVD 2710

 

LCL MSIA STEARIN

July DLVD 612.5

 

LCL MSIA PFAD

July DLVD 607.5

 

 

  • 6 ports Europe SFO Opening seller June July and JAS 782.50, OND 787.5, JFM 797.5 , AMJ 810
  • Black Sea sunflower oil FOB JAS 735 vs 727.50, OND 730 and JFM 735 vs –
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered USD 775 vs –
  • Italy offered USD 770 vs –
  • CIF India offered July 785, Auf 790, SOND $ 792,50
  • Turkey offered at USD 770 vs –
  • Currency INR 64.24, UAH 26.0392, UAH 57.04, Rub 56.99

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are not very active in cash and there is hardly any demand in FOB sunflower oil . Ukraine sellers are maintaining card rate of 740 and buyers are just at 730-732 without any actual trade. Indian markets are confused with little demand at lower prices. Buyers are there for spot cargo to bridge their requirement and thus low volumes. Nothing much happening in the market and mostly we will have to wait for weather or Import duty to give any direction to current market in INDIA.

 

  • Palm oil MALAYSIA FOB:
  • RBD PALMOLIN:
  • Jul 652.5$ vs 647.5 trd 655-652.5
  • As 612.5 trd 612.5
  • Jas 627.5 vs 622.5
  • Local CPO:Jun 2710 RM
  • *
  • Indonsia fob CPO:
  • Jul 657.5$
  • As 620
  • MALAYSIA FOB:
  • RBD Strn:Jul 612.5$
  • Pfad:Jul 605
  • *
  • Laurics:
  • cpko: Jun 252
  • rbdpko: Jun 1080
  • rbdpkoln: Jun 975
  • rbdpks: Jun 1380
  • 6 ports Europe SFO opening June 782.50, JAS 782.50, OND 787.50, JFM 800, AMJ 810
  • Black Sea sunflower oil JAS 740 vs 730, OND 740 vs –
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered at USD 780 vs –
  • Italy offered at USD 775 vs –
  • CIF India offered for July 785, AS 790 , OND 792.50 and JFM 800 indicatively.
  • Turkey offered at USD 775 vs –
  • Currency INR 64.37, RM 4.2620, Rub 56.89, UAH 26.022 and Euro 1.12.

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Most of the farmers in India are protesting for the falling prices of the produce. This is specially seen in prices of Soybeans. Industry representatives have approached government to increase the duty of veg oils from current 12% to 25% which could help farmers realize better value of their produce. Sunflower oil saw some good buying support in domestic market and traders were able to find buyers at quoted levels in India. MDEX is not showing any signs of recovery and longs are being careful amidst rumors of India increasing import duty. Bean oil basis is firm and now prices are at par with Sunflower oil.

 

–  Mkt Midday Closing:

DALIAN Sep/Jan

PO -28 5214 -4 4984

BO +6 5270 +8 5894

SB +46 6154 +38 6312

SBM +14 3848 +12 3839

 

CBOT

Esbo Jul +0.01 31.40

Esbn Jul +3.25 926.75

Esbm Jul +1.30 302.40

CBOT Soyoil Share Jul 34.18%

 

ENERGY

Crude Jul +0.18 48.16

Gasoil Jun +5.25 433.50

Brent Aug  -0.05 50.07

POGO Oct +119

 

– Palm oil BMD (3rd month) Aug -15 2484

Hi 2502 Lo 2482

Vol 19,832 lots

 

MSIAN OLN

July 670 v 660

JAS 635 v 631

AS 620 v 615

OND 597.5 v 593.5s

JFM 605 v 603.5
AMJ 612.5 v 605
JAS 605 v

JASOND 605 v

 

INDON CPO
Jun ? v 660

Jul dated 665  v 640
Aug ? v 610

 

LCL MSIA CPO

June DLVD 2760

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 617.5

 

 

– 6 Ports Europe sfo offers june , july and jas 785 ond 790 jfm 800 amj 815 awaiting first buyers

– Black Sea sunflower oil JAS 740 vs 730, OND 740 vs —

– Russian sunflower oil offeredat USD 710 vs —

– Spain offered at 780 and 785 for JA

– Italy offered at  775 for near by

– Indian market is offered for near by  at 780, JAS 790 vs —

– Turkey offered at 775

– currency Euro 1.1266, Euro 1.1266, Rub 56.47, and MR 4.260

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Indian markets are all over the place with increase in duty on cards .  Its strongly rumored that India will increase the import duty on veg oils and this local exchanges are speculatively higher today. This has resulted in some buying in cash markets however importers prefer to wait as they expect the market in USD to come lower as Indians won’t be able to digest much higher prices. Ukraine sunflower oil is now at parity with Bean oil once again thanks to firm basis. Levels quoted for JAS 740 and buyers still hope to cover some cargo around 730 ( though not many buyers at the moment).  Crude oil prices and Import duty in India will give some direction to veg oil prices in this week.

 

– Mkt Midday Closing:

DALIAN Sep/Jan

PO -48 5228 -28 4982

BO +8 5704 +4 5874

SB +13 3825 -1 3815

SBM -5 2650 -2 2684

 

CBOT

Esbo Jul -0.10 31.21

Esbn Jul -0.25 921.75

Esbm Jul +0.30 300.90

CBOT Soyoil Share Jul 34.15%

 

ENERGY

Crude Jul -0.19 47.21

Gasoil Jun +2.000 432.75

Brent Aug -0.13 49.34

POGO Oct +117

 

 

– palm oil BMD (3rd month) Aug -23 2476

Hi 2510 Lo 2474

Vol 14,505 lots

 

MSIAN OLN

July 672.5 v 665

JAS 635 v 632.5

Aug 640 v

AS 622.5 v 615n

Sept 605 v

OND 592.5 v 587.5

JFM 602.5 v 597.5

AMJ 610 v

JAS 605 v

JASOND 605 v

 

 

INDON CPO
Jun 682.5n v

Jul 670n  v
Aug 637.5n v

 

 

LCL MSIA CPO

June DLVD 2770

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 620

 

OTHER INFO
SPPOMA – 1-5th June 17

Overall Summary :

Yield: +15.25%

Production: +14.93%

Oer: -0.06%

– 6 port s Europe Sfo slightly cheaper seller Jun 782.5 jul 782.5 jas 782.5 Ond 790 jfm 800 amj 810…

– Black Sea sunflower oil JAS 740 vs 730, OND 745 vs —

– Russian sunflower oil offered at USD 710 vs —

– Spain is offered for July at 780 and Aug 785 v s  775

– Italy offered at USD 775 vs —

– India CIF Sunflower oil offered for July 785, AS 790 vs —

– Turkey offered at USD 775 vs —

– Currency INR 64.42, RM 4.266, Rub 56.70 and Euro 1.1248

 

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Bean oil basis are firming which is keeping nearby bean oil fob equal to sunflower oil. Palm too is seen moving higher on the news of lesser stocks at Indonesia. Current palm oil stocks are estimated to be lower than 1 million MT on the back of good exports. Indians are looking to buy AS month of sunflower oil but then the sellers are not able to match the prices. Disparity is the name of game today. FOB Ukraine is costly to CIF India parity and Local India sunflower oil is selling at a discount to Replacement. Oil prices are stable and little or no volatility is making the sunflower oil market trade less.

 

Mkt Midday Closing:

DALIAN Sep/Jan

PO -18 520 -32 5004

BO -50 5678 -52 5852

SB -9 3750 -12 3762

SBM -9 2626 -14 2659

 

CBOT

Esbo Jul +0.07 31.41

Esbn Jul +1.75 917.75

Esbm Jul +0.40 298.50

CBOT Soyoil Share Jul 34.47%

 

ENERGY

Crude Jul +0.16 48.79

Gasoil Jun +6.00 451.50

Brent July +0.45 51.21

POGO Oct +101

 

– Palm oil BMD (3rd month) Aug +16 2515

Hi 2529 Lo 2497

Vol 17,659 lots

 

MSIAN OLN

July 682.5 v 677.5

JAS 642.5 v 637.5

AS 625 v 620

OND 595 v 592.5

JFM 602.5 v 601

AMJ 607.5 v 605

JASOND 610 v

 

INDON CPO

Jul 670 v

 

LCL MSIA CPO

June DLVD 2820

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 620

 

– 6 ports Europe sfo opens june 785 jas 785 v 772.5 ond 790 v 780 jfm 800 v 785 amj 810 jas 825

– Black Sea sunflower oil june 735 vs –, JAS 740 vs 730, OND 745 vs — Indicatively .

-Russian sunflower oil offered at USD 715 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– CIF India June 783, JAS 790 (to do 787.50) vs 777.50, OND 800 v s–

– Turkey offered  at USD 775 vs —

– Currency INR 64.47, RM 4.2855, Euro 1.1236, and Rub 56.58