Monday, May 24, 2010

DJ MARKET TALK: BMD CPO Futures May Open MYR5-MYR10 Lower

[Dow Jones] BMD CPO futures expected to open MYR5-MYR10 lower, tracking Friday's fall in crude oil futures, traders say. Investors likely to take profit after recent rise in prices, says executive at Kuala Lumpur-based commodities brokerage; adds prices likely stay in negative territory in early trade. Market may move in MYR2,480-MYR2,510/ton range, analyst in Malaysia says; benchmark August contract ended MYR15 higher Friday at MYR2,491/ton. ( Call us in Kuala Lumpur: +(603) 2026 1233

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