VEGOILS-Palm tracks Dalian oils higher; exports data awaited

JAKARTA, Jan 20 (Reuters) - Malaysian palm oil futures rose for a second session on Monday, tracking Dalian vegetable oils higher, while market participants awaited further direction from Malaysian palm oil exports data for the Jan. 1-20 period. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.74%, to 4,221 ringgit ($938.00) a metric ton by 0231 GMT. The contract lost 4.51% last week. FUNDAMENTALS * Dalian's most-active soyoil contract DBYcv1 climbed 1.72%, while its palm oil contract DCPcv1 were up 0.99%. The Chicago Board of Trade is closed on Monday for holiday. * Palm oil tracks price movements in rival edible oils as it competes for a share of the global vegetable oils market. * India's palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil's premium over rivals drives buyers to more competitively priced soyoil, government and industry officials told Reuters. * Exports of Malaysian palm oil products for Jan. 1-15 are estimated to have fallen between 15.5% and 23.7%, according to cargo surveyors Intertek Testing Services and independent inspection company AmSpec Agri Malaysia. * Palm oil FCPOc3 may bounce into a range of 4,265 ringgit to 4,315 ringgit per metric ton, as it has stabilised around support at 4,106 ringgit, said Reuters technical analyst Wang Tao. TECH/C MARKET NEWS * Oil prices recovered as supply concerns persisted after Washington imposed two rounds of sanctions in the past two weeks on Russia's energy sector over the Ukraine war. O/R * The dollar was firm and Asia's stock markets were cautiously positive, as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week. MKTS/GLOB DATA/EVENTS 0100 China Loan Prime Rate 1Y, Loan Prime Rate 5Y Jan 0430 Japan Tertiary Ind Act NSA Nov ($1 = 4.5000 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo https://tmsnrt.rs/42dVXXt ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Bernadette Christina; Editing by Rashmi Aich) (([email protected])) ((For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01 . * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils OILS/ASIA1 Malaysian palm oil exports SGSPALM1 CBOT soyoil futures 0#BO: CBOT soybean futures 0#S: Indian solvent SOLVENT01 Dalian Commodity Exchange DC/MENU Dalian soyoil futures 0#DBY: Dalian refined palm oil futures 0#DCP: Zhengzhou rapeseed oil 0#COI: European edible oil prices/trades OILS/E ))