WTI crude oil briefly touched US$47 per barrel on Nymex Monday (Oct 5) before settled at US$46.26, up 1.6% from Friday, lifted by hopes on further stimulus package in China. In London, November Brent crude advanced 2.26% to US$49.25 per barrel even when Saudi Arabia announced a plan to slash its oil prices Monday.

Bumi Resources (BUMI), the largest coal producer in Indonesia, has proposed to restructure its around US$4 billion debts, including through conversion into equities. How much shares will eventually be controlled by creditors? Why only AXIS Bank will get ‘cash payment’ in the restructuring?

Nickel settled significantly higher by 3.2% to US$10390 per ton Thursday (Oct 1), lifted by optimism on China recovery and further delay of nickel smelters in Indonesia. That means the commodity, raw material for the production of stainless steel, has gained 5.5% since first week of September.

Bumi Resources (BUMI) has released its debt restructuring proposal Monday (Sept 28). The proposal, however, yet to boost investors’ confidence in the Company. The stock yet to move away from the bottom and is now worth Rp1.83 trillion only, almost one-tenth of Adaro Energy (ADRO).

Shares of plantation companies opened mostly higher grounds in Singapore and Kuala Lumpur this morning despite yesterday’s correction of crude palm oil (CPO) in the futures market. Production report from 28 companies listed on KLSE pointed to 0.3% growth y-o-y last month even though this year’s August had more working days than last year.

The benchmark December 2015 contracts of crude palm oil (CPO) jumped almost 4% to RM2342 per ton on the Bursa Malaysia Derivatives Friday, the highest level in months. March-July 2016 contracts also ended mostly above RM2400 per ton, while October contracts settled at RM2259 per ton.

Shares of mining giants end mostly lower grounds worldwide Tuesday (Sept 22) to tracking the commodities. Peabody Energy, the world’s largest coal producer in private sector, collapsed 13% in New York, while Glencore crashed 10.6% in London. Vale and Teck Resources also dropped 7.6% and 5.7% respectively.