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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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Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
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- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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