China's commodities consumption to slow, no longer 'big bulls', says analyst Mistry
11 Tháng Năm 2022
© Reuters. Palm oil fruits are seen placed on a wheelbarrow at a palm oil farm in Klang, outside Kuala Lumpur, February 19, 2014. REUTERS/Samsul Said/Files By Mei Mei Chu
KUALA LUMPUR (Reuters) - Buyers in China, the world's second-largest palm oil importer, are "no longer big bulls" in the commodities markets as they face an economic slowdown while the country chases a zero-COVID policy, edible oil analyst Dorab Mistry said on Wednesday.
"China may not be the steam engine for world growth," Mistry, director of Indian consumer goods company Godrej International, said at the Globoil conference in Dubai.
Strict lockdown measures to stem a COVID-19 outbreak in China's commercial capital Shanghai have reverberated through the global economy and supply chains, with some factories being forced to close and delays increasing at ports.
Commodities consumption in the world's most populous nation is likely to be softer this year, Mistry said.
Mistry maintained his forecast for Malaysia's 2022 palm oil output, seeing it higher at 19 million tonnes, while Indonesia's production is seen rising by at least 2 million tonnes.
He also maintained his price forecast for crude palm oil futures, pegging a decline to 5,000 ringgit ($1,140.90) a tonne by June and eventually to 4,000 ringgit ($912.72) by September.
Malaysia's benchmark prices have scaled to all-time highs of 7,268 ringgit ($1,658.41) this year as Russia's invasion of Ukraine disrupted sunflower oil shipments and Indonesia's move to ban palm oil exports further tightened global supplies.
"Prices can fall sharply once the Indonesian ban is relaxed and after the Ukraine conflict is resolved, as interest rates rise, production picks up, stocks around the Black Sea are unfrozen," Mistry said.
($1 = 4.3825 ringgit)
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BROKERS ĐƯỢC CẤP PHÉP
22-05-2022 03:00:18 (UTC+7)
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
GBP/USD
1.2489
+0.0029 (+0.23%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (5)
USD/JPY
127.86
+0.07 (+0.05%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (3)
AUD/USD
0.7039
-0.0008 (-0.11%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (3)
USD/CAD
1.2839
+0.0014 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (1)
EUR/JPY
135.05
-0.24 (-0.18%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (2)
EUR/CHF
1.0296
-0.0005 (-0.05%)
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↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Gold Futures
1,845.10
+3.90 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
21.765
-0.143 (-0.65%)
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↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Copper Futures
4.3042
+0.0212 (+0.49%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
Crude Oil WTI Futures
110.35
+0.46 (+0.42%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
Brent Oil Futures
112.91
+0.87 (+0.78%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Natural Gas Futures
8.058
-0.250 (-3.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Coffee C Futures
216.48
-2.22 (-1.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Euro Stoxx 50
3,657.03
+16.48 (+0.45%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (9)
Sell (1)
S&P 500
3,901.36
+0.57 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
DAX
13,981.91
+99.61 (+0.72%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
FTSE 100
7,389.98
+87.24 (+1.19%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (7)
Sell (2)
Hang Seng
20,717.24
+596.56 (+2.96%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
US Small Cap 2000
1,768.35
-7.87 (-0.44%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (1)
IBEX 35
8,484.50
+78.50 (+0.93%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (5)
Sell (2)
BASF SE NA O.N.
48.850
-0.010 (-0.02%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
63.74
+0.34 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (2)
Allianz SE VNA O.N.
195.58
+0.78 (+0.40%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
Adidas AG
172.80
+0.92 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
6.852
+0.049 (+0.72%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Siemens AG Class N
115.08
+2.62 (+2.33%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (4)
Sell (4)
Deutsche Bank AG
9.362
-0.130 (-1.37%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (1)
| EUR/USD | 1.0562 | ↑ Buy | |||
| GBP/USD | 1.2489 | Neutral | |||
| USD/JPY | 127.86 | Neutral | |||
| AUD/USD | 0.7039 | Sell | |||
| USD/CAD | 1.2839 | ↑ Buy | |||
| EUR/JPY | 135.05 | Neutral | |||
| EUR/CHF | 1.0296 | ↑ Buy |
| Gold | 1,845.10 | ↑ Buy | |||
| Silver | 21.765 | ↑ Sell | |||
| Copper | 4.3042 | ↑ Buy | |||
| Crude Oil WTI | 110.35 | ↑ Sell | |||
| Brent Oil | 112.91 | ↑ Sell | |||
| Natural Gas | 8.058 | ↑ Sell | |||
| US Coffee C | 216.48 | ↑ Buy |
| Euro Stoxx 50 | 3,657.03 | ↑ Buy | |||
| S&P 500 | 3,901.36 | ↑ Buy | |||
| DAX | 13,981.91 | Buy | |||
| FTSE 100 | 7,389.98 | Neutral | |||
| Hang Seng | 20,717.24 | ↑ Sell | |||
| Small Cap 2000 | 1,768.35 | ↑ Buy | |||
| IBEX 35 | 8,484.50 | Neutral |
| BASF | 48.850 | Buy | |||
| Bayer | 63.74 | Buy | |||
| Allianz | 195.58 | Buy | |||
| Adidas | 172.80 | Buy | |||
| Lufthansa | 6.852 | ↑ Sell | |||
| Siemens AG | 115.08 | Neutral | |||
| Deutsche Bank AG | 9.362 | Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,875/ 6,975 (6,875/ 6,975) # 1,795 |
| SJC HCM | 6,895/ 6,985 (0/ 0) # 1,800 |
| SJC Hanoi | 6,895/ 6,987 (0/ 0) # 1,802 |
| SJC Danang | 6,895/ 6,987 (0/ 0) # 1,802 |
| SJC Nhatrang | 6,895/ 6,987 (0/ 0) # 1,802 |
| SJC Cantho | 6,895/ 6,987 (0/ 0) # 1,802 |
| Cập nhật 22-05-2022 03:00:20 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,846.53 | +4.27 | 0.23% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 30.580 | 31.190 |
| RON 95-III | 29.980 | 30.570 |
| E5 RON 92-II | 28.950 | 29.520 |
| DO 0.05S | 26.650 | 27.180 |
| DO 0,001S-V | 27.450 | 27.990 |
| Dầu hỏa 2-K | 25.160 | 25.660 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $109.83 | 0 | 0% |
| Brent | $110.60 | 0 | 0% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.000,00 | 23.310,00 |
| EUR | 23.879,54 | 25.217,23 |
| GBP | 28.128,10 | 29.328,16 |
| JPY | 176,49 | 186,84 |
| KRW | 15,80 | 19,26 |
| Cập nhật lúc 18:54:43 21/05/2022 Xem bảng tỷ giá hối đoái | ||
