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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
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