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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Wednesday, 25 November 20
MARKET INSIGHT - INTERMODAL
Over 90% of the world’s goods are transported by sea. LPG is a clean, energy efficient and portable fuel that is being marketed at an afforda ...
Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
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- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
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