Market Updates
Fatty Acid
- Prices were averaged stable which has continued from last Aug-2011 in major items (USD/MT, FOB SE Asia):
- C08: 3270-3320
- C10: 1370-1420 (slightly down from last Aug-2011 @ 50 gap)
- C12: 1370-1420
- C14: 3520-3620 (quite significant up from last Aug-2011 @ 50-100 gap)
- C16: 1120-1170
- C18-1: 1470-1520
- C18 TPSA: 1020-1070
- C18 RGSA: 990-1040
- Buyers waiting for further price decline, buying as necessary to replenish inventory.
Fatty Alcohol
- Prices were slightly fluctuated within last 4 weeks @ 50 gap (USD/MT, FOB SE Asia) with details:
- CO1214: 2070-2170
- CO1618: 1920-2020
- CO8: 2120-2170
- CO10: 1470-1570
- CO16: 1920-1970
- CO18: 2320-2420
- Fluctuation mostly to accommodate fluctuation of feedstock prices as demand was moderate.
Glycerin
- Prices were slightly fluctuated within last 4 weeks @ 20-30 gap (USD/MT, FOB SE Asia) with details:
- Refined Glycerin: 710-750
- Crude Glycerin: 320-340
- Tight supply pushed increased price.
Feedstock
- Prices of feedstock, average Sep-2011 (USD/MT, FOB SE Asia):
- CPO: 1050 (Oct: 1030, Nov: 1030, Dec: 1030)
- CPKO: 1320 (Oct: 1305, Nov: 1305, Dec: 1305)
- CNO: 1315 (Oct: 1310, Nov: 1307, Dec: 1305)
- RBDPS: 900 (Oct: 880)
- RBDPO: 1160 (Oct: 1125, Nov: 1110, Dec: 1110)
News Updates
Establishment of subsidiary 1. Wilmar Italia S.r.l. (Italian Subsidiary)
Wilmar Italia S.r.l. (“Wilmar Italia”) is a direct 100% owned subsidiary of Wilmar Europe Holdings B.V., which is in turn, a direct wholly-owned Wilmar subsidiary.
Wilmar Italia has an initial issued and paid-up capital of EUR10,000. The principal activities of Wilmar Italia are commercialization and trading of vegetable oils, bio-fuels, oleo-chemicals and biomass.
For complete story:
http://www.wilmar-international.com/investor/WIL_Changes_to_Subs_8Sept11.pdf
Background
Wilmar International Limited, founded in 1991, is Asia’s leading agribusiness group and amongst the largest listed companies by market capitalization on the Singapore Exchange.
Wilmar’s business activities include oil palm cultivation, oilseeds crushing, edible oils refining, sugar, specialty fats, oleo-chemicals and biodiesel manufacturing and grains processing.
Headquartered in Singapore, Wilmar has over 300 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries to support a well established processing and merchandising business. Wilmar also manufactures and distributes fertilizers and owns a fleet of vessels. The Group is backed by a multi-national staff force of more than 88,000 people.
More background:
http://www.wilmar-international.com/about_index.htm
KLK invests RM706mil in plants, R&D
By JOHN LOH, johnloh@thestar.com.my
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK), Malaysia’s third largest plantation company by market value, will invest RM706mil under the Economic Transformation Programme (ETP) on downstream projects in the palm oil sector.
The investment, unveiled at the ETP progress update yesterday, will be spread over three production plants and a research and development (R&D) centre.
For complete story: http://biz.thestar.com.my/news/story.asp?file=/2011/9/9/business/9453321&sec=business
Background
KUALA LUMPUR KEPONG BERHAD (“KLK”) is a Malaysian multinational company involved in plantation, manufacturing, property development and retailing.
Whilst plantation remains KLK’s core business, the Group has expanded downstream into resource-based manufacturing, in particular oleo-chemicals and rubber processing.
Through Crabtree & Evelyn, a worldwide brand, the Group is involved in the manufacture and retail of personal care products, toiletries, home fragrances and fine foods.
Capitalizing on the strategic location of its land bank in Malaysia, KLK has also ventured into property development.
More background:
http://www.klk.com.my/main.htm
Disclaimer:
This article tries to summarize a fragment of oleo-chemical business in an updated time-range, gathered and processed from various sources available to the writer, as referred therein whenever applicable. Any shared opinion other than quoted phrases, is based solely on the writer’s personal view of interest concerning the subject discussed. Any decision and/or opinion made by the viewer of this article, is beyond the responsibility of the writer.
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