Malaysian palmoil ends flat

Malaysian palmoil ends flat

KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed
mostly flat on Thursday as players waited for fresh direction,
traders said.

"The market tried to hold because players believe the 800
ringgit support level will stay. There's also persistent talk
that China will enter the market to buy more oil," said one
trader in Kuala Lumpur.

At the close, the benchmark third-month September contract was
down one ringgit at 814 ringgit (US$214.21) a ton, after trading
as high as 822 ringgit.

Volume was at 894 lots, down from 1,152 on Wednesday.

In the physical sector, June/July crude palm oil (CPO) for the
southern and central regions was offered at 815 ringgit a ton
against bids at 810. Trades were done at 810 for both sides.

Among refined products, July RBD palm oil was offered at
$232.50 a ton FOB and August at $235.

There were offers for July RBD olein at $247.50 and August at
$250. July RBD palm stearin was offered at $185 and July palm
fatty acid distillate was offered at $150.