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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
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