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Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world’s biggest palm oil exporter could further depress prices FCPOc3, which have fallen by about 50% since late April to their lowest in over a year.
Indonesian palm oil producers have been struggling with high inventories since the country imposed a three-week export ban through to May 23 to reduce domestic cooking oil prices.
Since lifting the ban, Jakarta has implemented rules on mandatory local sales – known as the domestic market obligation (DMO) – to keep produce at home to be made into cooking oil.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels.
The levy removal is intended to further support exports, Febrio Kacaribu, the ministry’s head of fiscal policy agency, told reporters on the sideline of a G20 finance meeting in Bali.
“In the context of government revenues, (the impact) won’t be too big,” he said.
Finance Minister Sri Mulyani Indrawati said a progressive palm oil export levy would be applied starting Sept. 1, with the rate set between $55 and $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Wednesday, 17 June 20
KOREA SOUTHERN POWER CO INVITED 80000 MT OF LOW CALORIFIC VALUE COAL FOR AUGUST 1H, 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) Min 4,200 kcal/kg - Max. ...
Tuesday, 16 June 20
A GLOBAL ECONOMIC SLUMP: WHAT WILL IT MEAN FOR METALS AND MINING? - WOOD MACKENZIE
Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG an ...
Tuesday, 16 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.58 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.43 points Monday, up 0.58 percent week on week.
The index, released by China ...
Tuesday, 16 June 20
HIGHER IRON ORE PRICES OFFSET CORONAVIRUS-DRIVEN PRODUCTION RISK - FITCH RATINGS
Lower iron ore production in Brazil, resulting from rising coronavirus infections, should only marginally affect the cash flow of Vale and other gl ...
Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
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- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
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