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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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Friday, 18 September 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, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
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- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- London Commodity Brokers - England
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- White Energy Company Limited
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
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