Unlike crude oil, which has been moving with huge range in the past few weeks, coal tends to flattening. At least that’s what we see in the reference price of Indonesian thermal coal since May 2015. This might have prompted rallies in the shares of coal producers listed on Indonesia Stock Exchange (IDX) recently.

Plantation shares surged in the region Wednesday (Sept 9) to tracking crude palm oil (CPO), whose benchmark November 2015 contracts edged up RM22 to RM2114 per ton on Bursa Malaysia Derivatives. January 2016 contracts also advanced RM30 to RM2228 per ton.

The benchmark November contracts of crude palm oil (CPO) gained significantly by 2% (RM42) to RM2090 per ton on Bursa Malaysia Derivatives Tuesday (Sept 9) on some factors. In Jakarta’s physical market, the commodity also gained significantly to tracking further depreciation of rupiah.

Glencore’s decision to stop operation of Katanga and Mopani mines in Africa for 18 months lifted Dr Copper’s price. Indonesia’s decision to stop export of tin last month, meanwhile, contributed to higher average price of tin. These are among measures taken by metal producers to shore up prices after significant corrections from weak China manufacturing data in the past few months.

Shares of plantation companies ended significantly lower in the region Monday (Sept 7) on broad market sentiment, while crude palm oil (CPO) turned to positive territory later in the afternoon. The benchmark November contracts of CPO gained RM17 to RM2048 per ton on the Bursa Malaysia Derivatives.

Shares of gas producer and transmission company PT Perusahaan Gas Negara (PGAS) Tbk dropped significantly by almost 11% Monday, Sept 7, morning as investors responded negatively a plan from the government to cut gas price for industrial customers, including state-owned electricity provider PT Perusahaan Listrik Negara (PLN).

Financial Times published some interesting articles titled “US shale oil industry hit by $30 billion outflows” and “US shale industry braced for bankruptcies” in the past few hours to follow earlier reports from Forbes titled “Oil Goes Down, Bankruptcies Go Up—These Frackers Could be Next to Fall”.

The benchmark November 2015 contracts of crude palm oil (CPO) ended flat at RM2033 per ton Friday (Sept 4) after trading as low as RM2009, while December 2015 and January 2016 contracts gained RM5 and RM10 respectively on Bursa Malaysia Derivatives.