20100818 1603 My friend sent me this News:
"[Dow Jones] BMD CPO futures fall as much as 1.4% towards midday; decline to MYR2,550/ton level "is imminent," says executive at Kuala Lumpur-based global trading company. Export demand still weak as current lineup of vessels at Malaysian ports slow, says shipping executive in Malaysia. Benchmark November contract trading MYR36 lower at MYR2,610/ton, after falling as low as MYR2,608/ton. (shie-lynn.lim@dowjones.com) "
Tha manipulation happens in this market too, notice they never name the shipping executive nor the executive of the Global trading company. No names, is just hogwash with no credibility, no independence ... But hey, what's new?
Labels: commodities, fcpo
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