Day: December 29, 2018

Mineral processing industry is set to grow significantly next year with completion of expansion projects at Krakatau Steel (KRAS), Aneka Tambang (ANTM), Tsingshan Group, and others. Indonesia’s deficit in iron and steel, which steadily declined in the past four years, will reduce further next year onwards.

The benchmark March 2019 contracts of crude palm oil (CPO) ended higher by RM13 to RM2,118 per ton Friday (Dec 28). While the commodity has gained significantly from its bottom, palm oil producers might have to invest more in value-added products, i.e. oleochemicals, to tap both growing domestic and export market.