Oct 13, 2014 | Commodities
Plantation shares opened mostly lower in Singapore this morning. Other than the broad market sentiment, continuous pressures on palm oil prices weigh an immediate recovery. First Resources Ltd fell 1.6% in the opening hour, while Indofood Agri down 1.9%. Wilmar...
Oct 13, 2014 | Commodities
Indonesian government sets the benchmark coal price for October 2014 at US$67.26 per ton, down 12.2% from October 2013 on weak global demand. This applies to coal with calorific value of 6322 Kcal/Kg GAR, total moisture 8%, total sulfur 0.8%, and ash 15% FOB vessel....
Oct 10, 2014 | Commodities
KPB Nusantara, the joint marketing office of state plantations, withdrew six out of nine CPO packages auctioned off Thursday (Oct 9) due to low bids. Three packages were sold at Rp8855/Kg (VAT 10% included), lower than Wednesday, due to corrections in futures market...
Oct 9, 2014 | Commodities
Coking coal market remains oversupplied, and prices have just hit a five year-low. Softening in steel industry, including in China, is the main issue. World Steel Organization recently released crude steel statistics for August 2014, which pointed to an aggregate...
Oct 8, 2014 | Commodities
Unlike coal miners, only one out of 18 palm oil producers listed on Indonesia Stock Exchange (IDX) posting losses in the first half of 2014, i.e. PT MAG Plantation (MAGP). Falling rupiah and ringgit also helps them reporting strong performance in the second half. This...
Oct 7, 2014 | Commodities
Stock market authorities have resumed trading of Bumi Resources (BUMI) shares effective Tuesday (Oct 7) morning amidst downfall of coal stocks worldwide. BUMI will resume the trading with new total issued shares of 36.36 billion, following completion of the downsized...
Oct 6, 2014 | Commodities
Years ago, coal producers hate the so-called Domestic Market Obligation (DMO). Downfall of global coal prices and oversupply in the seaborne market, however, force them to revisit domestic market. According to our research, domestic sales of companies listed on...
Oct 3, 2014 | Commodities
TPS Food (AISA) is among the best performing stocks in the past 52 weeks with almost 57% gain. It has declined 14% from peak, but the stock is valued fairly higher than Tunas Baru Lampung (TBLA), which generated about similar size of net sales. TPS Food has just...
Sep 30, 2014 | Commodities
China Shenhua Energy Co Ltd has secured approval from the National Development and Reform Commission (NDRC) for its A$1.47 billion coal project in Australia. This could change future dynamics of coal export to China. The three open-cut mining areas to be developed in...
Sep 29, 2014 | Commodities
The benchmark December 2014 contracts of crude palm oil (CPO) retreated by RM20 to RM2177 per ton Friday (Sept 26). Broad market sentiment and growing CPO output dragged down the commodity. January-March 2015 contracts were also settled lower at RM2197-2221 per ton....
