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Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
 Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of around USD1,175/t in 2022, but a marked improvement from the end-September 2022 level of around USD700/t and the last 10-year average of USD730/t. Prices have been supported by market expectations of significantly higher biodiesel consumption in and lower exports from Indonesia, and the impact of heavy rainfall at the start of 2023 on output.
We expect CPO prices to weaken later in the year, driven by higher supply of palm and other vegetable oils due to favourable weather conditions. Our assumption of USD850/t for 2023 implies that prices will decline to below USD700/t by year-end, and we expect further weakness in 2024. A hit to sunflower seed oil supply due to the Russia-Ukraine war is a key upside risk to our expectations.
Yields Improving, Labour Crunch Easing Latest production data from Malaysia and Indonesia indicate that yields are on an uptrend, helped by plentiful rainfall in the last few years and improved fertiliser application amid healthy prices and profitability. Malaysia’s CPO output in 2M23 jumped by 10%, while Indonesia’s palm oil production surged by 11% in 4Q22.
Source: Fitch Ratings
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
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