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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, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Coalindo Energy - Indonesia
- Australian Coal Association
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
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