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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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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Bukit Asam (Persero) Tbk - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
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- Grasim Industreis Ltd - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
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- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
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- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
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