Malaysian crude palm oil for February 2018 delivery traded at 2,562 ringgit per tonne, extending a decline after a 0.6% fall the previous day. The ringgit strengthened 0.4% to 4.0525 per US dollar.
Analyst Faisyal of Monex Investindo Futures attributed the drop to the stronger ringgit, which makes exports costlier.
A stronger ringgit raises the ringgit price of exports and cuts Malaysian palm oil competitiveness, pressuring prices in dollar terms.
在过去 51 次看跌的宏观事件之后,棕榈油 在 5 个交易日内中位数变动 -1.3%(35% 上涨;中间一半区间为 -4.1% 至 +1.1%),20 个交易日内为 -1.8%。
历史可比事件尚不足,暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
On Dec 5 February CPO extended its decline to 2,562 ringgit as a stronger ringgit made Malaysian palm oil costlier for foreign buyers, which is a currency and export-demand channel inside the window.