Malaysian palm oil futures fell 4.8% on Friday to post their biggest drop in nearly a month due to technical selling after the contract broke support. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange ended lower for a fifth consecutive session, falling 4.8% to 3,658 ringgit ($890.89) a .
As Indonesia prepares to ramp up domestic copper smelting, processors elsewhere must look for alternative sources of concentrate, which might cost more, consultancy firm CRU group said on Tuesday. Indonesia is one of the world’s top exporters of copper concentrate, or partially processed copper ore, with shipments estimated by CRU at some 1.3 million tonnes .
As Indonesia prepares to ramp up domestic copper smelting, processors elsewhere must look for alternative sources of concentrate, which might cost more, consultancy firm CRU group said on Tuesday.
Indonesian coal exports seen down 10% by 2025- consultancy group CRU
Indonesian coal exports are expected to fall 10% from current levels, Manjot Singh, a senior consultant at commodities consultancy group CRU said on Tuesday, as its biggest customer China ramps up its decarbonisation efforts.
Shipments from the world’s biggest thermal coal exporter are expected to fall by 40 million tonnes or around 10% by 2025 as Chinese imports is seen to fall 45%, Singh told a virtual conference.
Indonesia will likely divert its exports to other growing regions such as India and other Southeast Asian countries, but will likely face stiff competition from Russia and Australia, he added.