皇冠官方app(www.huangguan.us)是皇冠体育官方信用网线上直营平台。皇冠官方app开放信用网和现金网代理申请、信用网和现金网会员注册、线上充值线上投注、线上提现、皇冠官方APP下载等业务。皇冠官方app提供皇冠官网管理端登录线路、皇冠官网会员端登录线路,皇冠官网手机网址、皇冠官网最新网址导航等服务。

首页社会正文

Telegram获取群组id:CPO stocks likely to remain elevated

admin2022-08-288

皇冠信用网www.hg108.vip)是一个开放皇冠信用网即时比分、皇冠信用网开户的平台。皇冠信用网平台(www.hg108.vip)提供最新皇冠信用网登录,皇冠信用网APP下载包含新皇冠体育代理、会员APP,提供皇冠信用网代理开户、皇冠信用网会员开户业务。

Palm oil stock in Malaysia rose 7% month-on-month (m-o-m) and 19% year-on-year (y-o-y) to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.

PETALING JAYA: Crude palm oil (CPO) stocks are set to increase further in August as the domestic production cycle peaks but comes at a time when demand seasonally lacks catalysts.

Palm oil stock in Malaysia rose 7% month-on-month (m-o-m) and 19% year-on-year (y-o-y) to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.

The figure would have been higher if not for a rise in exports in the month.

“We view the rise in palm oil stocks as neutral for CPO price as this has been largely expected by the market,” CGS CIMB Research said in a report yesterday.

Malaysian palm oil exports rose 11% m-o-m but fell 6% y-o-y to 1.3 million tonnes in July due partly to exports from Indonesia were held back in anticipation of cuts in export tax from August.

On Aug 1, the Indonesian government cut its export tax on CPO to US$33 (RM146.68) per tonne for Aug 1-15, 2022 but on Aug 8, it announced a lower export tax threshold for CPO to a reference price of US$680 (RM3,022.60) from US$750 (RM3,333.75) per tonne.

Jakarta also raised its CPO export tax to US$52 (RM231) per tonne for Aug 9-15 from US$33 (RM147) per tonne previously.

,

Telegram获取群组idwww.tel8.vip)是一个Telegram群组分享平台。Telegram获取群组id导出包括Telegram获取群组id、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram获取群组id导出为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

Malaysian CPO output in July rose 1.8% m-o-m and 3% y-o-y to 1.57 million tonnes but on a year-to-date basis, output fell 0.4% to 9.84 million tonnes on lower output in Sabah and Sarawak.

HLIB Research expects domestic stock levels will rise further in August due to the higher production cycle but expects CPO prices to remain steady due to uncertainty in the edible oil market and demand pick up.

“We maintain 2022-2024 CPO price assumptions of RM5,500/RM4,500/RM3,800 per tonne.

“While Indonesia’s move to flush out palm oil inventories will likely suppress near-term CPO price, the recent severe CPO price decline is overdone.

“This is because supply prospects of major vegetable oil remains uncertain, demand prospects have turned more favourable on the back of palm’s improved price competitiveness, low inventory levels among major importing countries and a favourable palm oil to heating oil (Pogo) spread,” it said.

The research house has maintained its “overweight” call on integrated sector players based on commendable valuations and expectations of CPO price recovery.

Its top picks are Kuala Lumpur Kepong Bhd (“buy”; target price or TP: RM26.54) and IOI Corp Bhd (“buy”; TP: RM4.36) as their earnings are better insulated against volatility in palm product prices.

CGS-CIMB Research, meanwhile, projects palm oil stocks to rise 13.5% m-o-m to two million tonnes in August on higher output (+3% m-o-m) and lower exports (-3% m-o-m).

网友评论

1条评论
  • 2022-08-28 00:00:54

    人不仅在地理与革命中充当链接性角色,还在政治、经济、文化等方面扮演了类似的角色。在研究革命的传播过程中,林恩·亨特发现,局外人是一个值得注意的群体,他们“成为中央政府与地方人民之间的重要连接者”。(191页)实力很强啊