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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, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
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- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Aditya Birla Group - India
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