Weekly Outlook: KLCE Crude Palm Oil Futures
13-Jun-2025 05:12 PM
KLCE Crude Palm Oil Futures: Weekly Market Analysis Report
★ The week began on a slightly bullish note on June 9, 2025. The June contract opened at 3909 with a gain of 5 points, while the July and August contracts traded at 3930 (+7) and 3934 (+17) respectively. However, by the evening session, pressure emerged in the market and all contracts ended lower.
★ On June 10, the weakness became more pronounced. The June contract closed at 3876, registering a significant drop of 44 points. Both July and August contracts also settled at 3871, down by 1 point from the previous close.
★ Stability returned on June 11. The June contract remained unchanged at 3869, while July and August contracts showed slight gains of 2 points each at the close.
★ On June 12, the market witnessed a strong rebound. The June contract ended at 3881, up by 35 points. The July and August contracts also closed higher at 3859 (+16) and 3849 (+10) respectively. This movement indicated a possible recovery in demand.
★ June 13 saw a sharp rally in the later-month contracts. The July contract jumped 84 points to close at 3927. The August and September contracts followed suit, ending 88 and 85 points higher respectively.
★ Despite rising stocks in Malaysia, the market strength was largely driven by India’s recent import duty cuts and expectations of increased festival-related demand.