Sunflower Oil Market Report
It’s a typical Monday morning start with mostly unchanged price levels. Palm prices on MDEX is totally unchanged and we expect the prices to start firming in the second half of the day. Ukraine sunflower oil prices should open firm as hot and dry weather continues. Egypt traded 40,000 mt of sunflower oil aug arrival with 180 days payment condition at USD 776 by Hakan and we expect the same to come from Argentina. ADM was seen aggressive in offering Argy origin to India at 755 for Aug shipment and some trades were reported. Bean oil is still offered at USD 50 discount to sunflower oil and this will make Sun oil demand in India dull for old crop. New crop traded last week for OND/JFM and we expect this week too trades in the range of 770-780 cif lw India.
Palm oil Mkt Midday Closing:
DALIAN Sept/Jan
PO -6 4850 -14 4932
BO -8 5572 -6 5754
SB +45 13722 +25 3807
SBM +47 13176 +39 3244
APEX OLN
Sept 593.75
Nov 595.75
MCX CPO
Jun -1.20 633.90
CBOT
Esbo Dec -0.05 29.69
Esbn Nov +2.50 882.50
Esbm Dec +0.40 330.30
Soyoil Share Dec 31.01%
Energy
Wti Aug -0.94 73.21
Gasoil Jul -9.00 666.75
Brent Sep -1.07 78.16
POGO Nov -95
BMD (3rd month) Sept -2 2324
Hi 2329 Lo 2315
Vol 8,623 lots
MSIAN OLN
Augsept 604 v 597.5
Sept 605 v
OND 610 v 605
JFM 637.5 v 622.5
AMJ 640n v
INDON CPO
Aug 590n v
Sept 590 v 580 (4.5%)
OND 595 v
LCL MSIA CPO
Jul DLV CPO 2340
LCL MSIA STEARIN
Jul DLV 595
LCL MSIA PFAD
Jul DLVD 495
- 6 ports Europe sfo jas 775 v 762.5 ond 767.5 v 762.5 jfm 770 v 762.5 amj 775 v 767.5 jas 780 v 767.5
- Black Sea sunflower oil FOB JAS 745 vs 730, OND 735 vs 721 and JFM 740 vs –
- Russian sunflower oil offered at USD 730 vs --
- Spain offered at USD 780 vs --
- Italy offered at USD 775 vs --
- CIF India offered at July 787.50, Aug 795, Sept 790 and OND 785 Indicatively
- Turkey offered at USD 770 CIf Mersin
- Currency FX EUR 1.1654 ,CNY 6.6354, RM 4.0360, SGD 1.3649, INR 68.68 and IDR 14349