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2021-06-01
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Palm oil firms, slow rise in May exports and lockdown hurt demand outlook
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Soyoil prices on the Chicago Board of Trade were up 0.8%.</p>\n<p>* Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.</p>\n<p>* Palm oil may break a support at 3,888 ringgit per tonne and fall towards the next support at 3,738 ringgit, Reuters technical analyst Wang Tao said.</p>\n<p>MARKET NEWS</p>\n<p>* World equities were firmly on track to post a fourth straight month of gains on Monday, while the dollar struggled broadly ahead of European and U.S. data this week that will provide a clearer picture on the global economy's recovery path.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palm oil firms, slow rise in May exports and lockdown hurt demand outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalm oil firms, slow rise in May exports and lockdown hurt demand outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-01 11:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures inched up on Tuesday, underpinned by concerns over supply of rival edible oils, but a fresh coronavirus lockdown in Malaysia and a slow rise in May exports hurt demand outlook.</p>\n<p>The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 11 ringgit, or 0.28%, to 3,930 ringgit ($954.58) a tonne during early trade.</p>\n<p>FUNDAMENTALS</p>\n<p>* Malaysia on Monday announced an additional 40 billion ringgit ($9.70 billion) stimulus package, ahead of the imposition of stricter lockdown measures this week to curb the rapid spread of COVID-19.</p>\n<p>* The world's second largest producer starts a two-week nationwide lockdown on Tuesday. Essential manufacturing and service sector, including the palm oil supply chain, are allowed to operate but the closures of most businesses may affect local consumption of the edible oil.</p>\n<p>* Exports of Malaysian palm oil products for May rose 1.5% from April, cargo surveyor Intertek Testing Services said on Monday.</p>\n<p>* Dalian's most-active soyoil contract gained 1.1%, while its palm oil contract rose 0.4%. Soyoil prices on the Chicago Board of Trade were up 0.8%.</p>\n<p>* Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.</p>\n<p>* Palm oil may break a support at 3,888 ringgit per tonne and fall towards the next support at 3,738 ringgit, Reuters technical analyst Wang Tao said.</p>\n<p>MARKET NEWS</p>\n<p>* World equities were firmly on track to post a fourth straight month of gains on Monday, while the dollar struggled broadly ahead of European and U.S. data this week that will provide a clearer picture on the global economy's recovery path.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140457401","content_text":"KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures inched up on Tuesday, underpinned by concerns over supply of rival edible oils, but a fresh coronavirus lockdown in Malaysia and a slow rise in May exports hurt demand outlook.\nThe benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 11 ringgit, or 0.28%, to 3,930 ringgit ($954.58) a tonne during early trade.\nFUNDAMENTALS\n* Malaysia on Monday announced an additional 40 billion ringgit ($9.70 billion) stimulus package, ahead of the imposition of stricter lockdown measures this week to curb the rapid spread of COVID-19.\n* The world's second largest producer starts a two-week nationwide lockdown on Tuesday. Essential manufacturing and service sector, including the palm oil supply chain, are allowed to operate but the closures of most businesses may affect local consumption of the edible oil.\n* Exports of Malaysian palm oil products for May rose 1.5% from April, cargo surveyor Intertek Testing Services said on Monday.\n* Dalian's most-active soyoil contract gained 1.1%, while its palm oil contract rose 0.4%. 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