While activity still at low, fkli is showing signs of bottoming out n ready to return to its previous glory lvl. Open interest is very encouraging, with increased interest, by appr 5%, from kwailow side but retail remains tight.
The pride of BMD, 67% of BMD total vol. ( fcpo +fkli = 97% of BMD turnover ) Will be facing more competition from the soon to launch FCPO contracts in Indonesia and CME. Off peak but vol remains strong on intra-day play by local and retail.
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