Singapore Markets close in 3 hrs 12 mins

VEGOILS-Palm rebounds from one-week low on stronger crude prices

* Palm traded flat for the week

* Market earlier fell to one-week low of 2,146 rgt/T

(Updates with closing prices, quote)

By Emily Chow

KUALA LUMPUR, Jan 11 (Reuters) - Malaysian palm oil futures

rebounded from a one-week low on Friday, tracking rises in crude

oil prices.

The market earlier fell on concerns of oversupply and

overnight soyoil weakness on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for March delivery

on the Bursa Malaysia Derivatives Exchange was up 0.4 percent to

2,171 ringgit ($530.29) a tonne at the close of trade.

It earlier fell to 2,146 ringgit, its lowest since Jan. 4,

but traded flat for the week.

Trading volumes stood at 22,365 lots of 25 tonnes each at

the end of the trading day. (1FCPO-TOT)

"Palm prices rose on crude oil's gains," said a Kuala Lumpur

based trader.

Oil prices rose 1 percent on Friday, on track for solid

weekly gains after financial markets strengthened due to hopes

the United States and China may soon resolve their trade


Tightened supply following OPEC-led cuts in crude output

also aided gains, but fears of an economic slowdown have kept

markets in check.

Palm oil prices are impacted by movements in crude oil, as

it is used as feedstock to make biodiesel.

The Chicago March soybean oil contract fell 1.4

percent on Thursday, but was last up 0.5 percent on Friday.

In other related oils, the March soybean oil contract on the

Dalian Commodity Exchange fell 0.5 percent, and the

Dalian January palm oil contract rose 0.4 percent.

Palm, soy and crude oil prices at 1112 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL JAN9 0 +6.00 0 0 3

MY PALM OIL FEB9 2122 +6.00 2103 2127 1902

MY PALM OIL MAR9 2173 +8.00 2146 2174 10591

CHINA PALM OLEIN JAN9 4370 -2.00 4370 4498 158

CHINA SOYOIL JAN9 5134 +34.00 5100 5200 840

CBOT SOY OIL JAN9 27.94 +0.00 0 0 0

INDIA PALM OIL JAN9 543.50 +3.10 539.50 543.5 1049

INDIA SOYOIL JAN9 761.2 -0.20 759.9 764.5 2680

NYMEX CRUDE FEB9 53.04 +0.45 52.14 53.31 169222

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel

($1 = 4.0940 ringgit)

($1 = 70.3710 Indian rupees)

($1 = 6.7491 Chinese yuan)

(Reporting by Emily Chow; Editing by Shreejay Sinha and

Alexander Smith)