Sep 5, 2014 | Commodities
The benchmark November 2014 contracts of crude palm oil (CPO) advanced by around 2.5% to RM2030 per ton on Bursa Malaysia Derivatives Thursday (September 4). That means the commodity has gained more than 4.5% in the past few trading days. December 2014 and January...
Sep 4, 2014 | Commodities
PT Cipta Kridatama, subsidiary of ABM Investama (ABMM), has secured a US$63 million mining service contract from PT Bangun Olah Sarana Sukses (BOSS), subsidiary of PT Megah Pratama Resources, for production of 1.5 million tons of coal per annum. Who’s behind BOSS and...
Sep 3, 2014 | Commodities
The benchmark November 2014 contracts of crude palm oil (CPO) closed off high at RM1952 per ton Tuesday as supply continues to weigh on recovery. In Jakarta’s physical market, KPB Nusantara, the joint marketing office of state plantations, sold almost all of 12 CPO...
Sep 2, 2014 | Commodities
KPB Nusantara, the joint marketing office of state plantations, withdrew all of 10 CPO packages (11,000 tons) auctioned off Monday (September 1st) due to low bids. Buyers submitted bids as low as Rp7150 per Kg (VAT 10% included) or Rp6500/Kg net, even lower than...
Sep 2, 2014 | Commodities
While coal prices move down south, Hary Tanoesoedibjo’s MNC Investama (BHIT) gear up investments in the industry. One of his companies, PT Nuansacipta Coal Investama (NCI), is already in production stage with output of 800,000 tons in the second quarter of 2014....
Aug 29, 2014 | Commodities
PT Berau Coal Energy (BRAU) Tbk, parent of coal producer Berau Coal, where Samin Tan is an indirect majority shareholder, booked net loss of US$44.4 million in the first half of 2014 on falling sales revenue and squeezed margins. This only adds pressures toward Samin...
Aug 28, 2014 | Commodities
Opened higher, the benchmark November 2014 contracts of crude palm oil (CPO) dropped RM33 (more than 1.5%) to RM1978 per ton Wednesday (Aug 27) on Bursa Malaysia Derivatives, the lowest level in five years. The commodity was volatile in the past few trading days as...
Aug 27, 2014 | Commodities
We believe some of you are already familiar with PT Senamas Energindo Mineral, a junior coal player controlled by Agritrade Resources Ltd, a company listed on the stock exchange of Hong Kong. Senamas produces around 3 million tons of coal per annum. But, ever heard of...
Aug 26, 2014 | Commodities
KPB Nusantara, the joint marketing office of state plantations, withdrew six out of ten CPO packages auctioned off Monday (Aug 25) due to low bids. In the futures market, CPO was volatile, closing higher by 1% after losing more than 2% in morning session. KPB...
Aug 25, 2014 | Commodities
Pretty much as predicted by some, the benchmark November 2014 contracts of crude palm oil (CPO) dropped to RM2000 for the first time this year. In fact this is the lowest since October 2009. Should you worry? The commodity was traded as low as RM1989 per ton due to...
