1- Market analyzes (oil, ethanol, oil)
The attentions were focused at 100% with the Middle-East, whereas the disorders after having touched Tunisia and Egypt take also a very worrying character in Lybie. Under these conditions, the tensions on oil were increased.
Oil market: RAISE RECORD
Yesterday, the US markets were closed due to “President Day”.
The day was marked by a big rise of the courses of the crude on the electronic markets and of brent on the market of London, directly related to shape which the events in Libya took, 3rd oil producer of the African continent. The crude recorded a progression of more than 5$/baril, which has corresponded to the strongest intra-meeting for two years. The operators fear that the riots have repercussions on exports of the country of Mouammar Kadhafi. Yesterday, already, a fall of 6% of volumes of oil at the beginning of the country was recorded.
Let us note that the contract Mars on the market of New Yok expires today, which could generate erratic movements.
Also brent end in rise of more than 3 $/baril to height of 105,74$/baril for the same reasons. The International Energy Agency announced yesterday that the spread between the crude and brent it should remain owing to second and those until 2013.
After China in last end of the week, it is with the tower of South Korea to announce an increase in its imports to height of 83.4 million barrels in January 2011, that is to say 11% of more than one year before. The world demand remains a carrying element in this moment.
Market of ethanol: IN THE EXPECTANCY OF AMERICAN MEASURE
No variation was recorded on the markets yesterday. The ethanol on the CBOT remains with 2.504 $/gallon because of the closing of the US markets.
On the European market, the ethanol stagnates with 745 $/m3 and remains with 790 $/m3 on the Brazilian market. The actors of the market of ethanol fear a budgetary cut of the American state in this field whereas American exports are growing with 350 million gallons sold abroad in 2010. The industrialists remain in the expectancy and expect measures which will be taken by the government. A suspension of the inciting taxes is possible.
Market of oils: AIR POCKET
The environment of the market of oils was tarnished yesterday by the closing of the American purses for the celebration of “President Day”. The market missed cruelly news of market bulls to rectify itself. Except the flight of the courses of oil on London Stock Exchange, no factor was able to support the courses of oils.
In Malaysia, the production statistics and of consumption currently confers on the market a rather neutral tendency short-term with slightly depression. Gradually, the levels of production will inflate to approach their peak, generally reached over April-May. On the whole of the year 2011, it is expected that the production of raw palm oil increases by + 7% to 9%, whereas in parallel, consumption of this oil should increase by 5%. From a more technical point of view, the courses of the palm oil could bend up to their level of support to 3 570.00 Ringgit/t.
This morning, on the market of Chicago, the courses of the soya oil gain a little ground. Since the markets of oils have few new basic elements, it is extremely possible that the fluctuations of the next days will be mainly directed by the movements of the courses of fossil energies. If the conflicts persist in Lybie, of the renewals of firmness on oils are possible.
2- Analyses of the margins of trituration
MISS IMPULSES
Little evolution on the margins of trituration yesterday. No variation was recorded on the courses of the complexes “soya” and “canola” because of the closing of the American purses. The operators are in the expectancy of new information on the markets.
For the market of colza on the purse of Euronext, the courses enclosed on their more high levels, letting upwards predict of one continuation movement today. Concretely the market is taken between two fires: on a side the greatest firmness of fossil energies whereas the lybian conflict puts in danger the supply of the market. Other, the monetary restriction measures in Dog make fear certain bendings on the request.
In term of margin on colza, a bending of 2 €/t is essential yesterday whereas the valorization of the indices of margin of colza on the long run is much gravitational.
The attentions were focused at 100% with the Middle-East, whereas the disorders after having touched Tunisia and Egypt take also a very worrying character in Lybie. Under these conditions, the tensions on oil were increased.
Oil market: RAISE RECORD
Yesterday, the US markets were closed due to “President Day”.
The day was marked by a big rise of the courses of the crude on the electronic markets and of brent on the market of London, directly related to shape which the events in Libya took, 3rd oil producer of the African continent. The crude recorded a progression of more than 5$/baril, which has corresponded to the strongest intra-meeting for two years. The operators fear that the riots have repercussions on exports of the country of Mouammar Kadhafi. Yesterday, already, a fall of 6% of volumes of oil at the beginning of the country was recorded.
Let us note that the contract Mars on the market of New Yok expires today, which could generate erratic movements.
Also brent end in rise of more than 3 $/baril to height of 105,74$/baril for the same reasons. The International Energy Agency announced yesterday that the spread between the crude and brent it should remain owing to second and those until 2013.
After China in last end of the week, it is with the tower of South Korea to announce an increase in its imports to height of 83.4 million barrels in January 2011, that is to say 11% of more than one year before. The world demand remains a carrying element in this moment.
Market of ethanol: IN THE EXPECTANCY OF AMERICAN MEASURE
No variation was recorded on the markets yesterday. The ethanol on the CBOT remains with 2.504 $/gallon because of the closing of the US markets.
On the European market, the ethanol stagnates with 745 $/m3 and remains with 790 $/m3 on the Brazilian market. The actors of the market of ethanol fear a budgetary cut of the American state in this field whereas American exports are growing with 350 million gallons sold abroad in 2010. The industrialists remain in the expectancy and expect measures which will be taken by the government. A suspension of the inciting taxes is possible.
Market of oils: AIR POCKET
The environment of the market of oils was tarnished yesterday by the closing of the American purses for the celebration of “President Day”. The market missed cruelly news of market bulls to rectify itself. Except the flight of the courses of oil on London Stock Exchange, no factor was able to support the courses of oils.
In Malaysia, the production statistics and of consumption currently confers on the market a rather neutral tendency short-term with slightly depression. Gradually, the levels of production will inflate to approach their peak, generally reached over April-May. On the whole of the year 2011, it is expected that the production of raw palm oil increases by + 7% to 9%, whereas in parallel, consumption of this oil should increase by 5%. From a more technical point of view, the courses of the palm oil could bend up to their level of support to 3 570.00 Ringgit/t.
This morning, on the market of Chicago, the courses of the soya oil gain a little ground. Since the markets of oils have few new basic elements, it is extremely possible that the fluctuations of the next days will be mainly directed by the movements of the courses of fossil energies. If the conflicts persist in Lybie, of the renewals of firmness on oils are possible.
2- Analyses of the margins of trituration
MISS IMPULSES
Little evolution on the margins of trituration yesterday. No variation was recorded on the courses of the complexes “soya” and “canola” because of the closing of the American purses. The operators are in the expectancy of new information on the markets.
For the market of colza on the purse of Euronext, the courses enclosed on their more high levels, letting upwards predict of one continuation movement today. Concretely the market is taken between two fires: on a side the greatest firmness of fossil energies whereas the lybian conflict puts in danger the supply of the market. Other, the monetary restriction measures in Dog make fear certain bendings on the request.
In term of margin on colza, a bending of 2 €/t is essential yesterday whereas the valorization of the indices of margin of colza on the long run is much gravitational.
No comments:
Post a Comment