KLCE CPO Closing Report

26-Apr-2025 01:51 PM

KLCE CPO Closing Report  
Movement in the Oil Market: KLCE CPO Shows Fluctuations, Rupee Strengthens Slightly
★ This week, the KLCE Crude Palm Oil (CPO) market witnessed sharp fluctuations. April, May, and June contracts showed intermittent signs of recovery, and by the end of the week, the market seemed to move toward stability.
★ Fluctuations in the April Contract  
★ The April contract had closed at 4303 on April 21. After experiencing minor ups and downs, it closed at 4136 on April 25, showing a slight gain of 1 point.
★ Attempted Recovery in the May Contract  
★ The May contract initially showed weakness but later displayed signs of recovery. Closing at 3921 on April 21, it moved up to 4087 by April 25, marking an 11-point rise and bringing some positivity to the market.
★ Strong Recovery in the June Contract  
★ The June contract performed well towards the end of the week. After closing at 3876 on April 21, it closed at 4058 on April 25, reflecting a 22-point gain, indicating a strong recovery.