Palm oil producer PT Astra Agro Lestari (AALI) Tbk booked net profit of Rp1.04 trillion in the first half of 2017, grew 31.7% from the corresponding period last year, weighed by falling margins in the second quarter on lower prices of crude palm oil (CPO).

Thermal coal retreated 2% to US$84.4 per ton Monday, but still representing year-on-year gain of 32.77%. Tuesday’s rally in crude oil, which saw prices score their biggest single-session gain of the year, gives strong support for the commodity in the short term. Sustainability of coal price, however, remains a big question because coal producers in Indonesia and Australia continue to boost output.

Shares of Freeport McMoRan (FCX) jumped 13.4% Tuesday morning in New York as investors responded positively the Company’s performance in the second quarter, when it posted net profit of US$241 million or US$0.17 per share. The Company’s US$700 million capital spending for underground mining in Grasberg, Papua, however, is pending resolution of PT Freeport Indonesia’s long-term operating rights.

Thermal coal retreated to US$83.4 per ton yesterday, but still representing 31.5% gain year-on-year. Reports about higher output in China might have contributed to the correction. Relatively stable price and anticipated higher domestic demand from 35,000 MW program, meanwhile, have led to lot more actions in the coal industry recently.

Bayan Resources (BYAN), one of the largest coal producers in Indonesia, plans to issue up to US$600 million Notes, proceeds of which will be used to refinance existing debentures and strengthening working capital. The company banks on relatively stable price of thermal coal in the past few months.