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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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Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
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- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Planning Commission, India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Australian Coal Association
- ASAPP Information Group - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
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