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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
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- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- PTC India Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
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