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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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- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
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