RI Commodities ‘Booming’ Volume II, Shares to The Moon

Jakarta, CNBC Indonesia – The recent significant increase in the prices of four commodities has become a positive sentiment for producer stocks. The four commodities are coal, crude palm oil (crude palm oil/CPO), nickel and crude oil (crude oil).

HThe price of coal, for example, broke its highest level at US$ 118.9/ton in the last decade on Friday (28/5) last week.

Then, the price of crude palm oil also touched the highest level in the last 13 years, when it was at the level of RM 4,506/share on 12 May.

However, after reaching the highest price, the price of CPO dropped to a price of RM 4,000, as negative sentiment emerged from neighboring Malaysia, as one of the largest palm oil producing countries.

Malaysia officially applies lockdown or region lock in total for all social and economic sectors from Tuesday 1 June to 14 June.

Third, the nickel price, which had penetrated the level of US$ 19,700/ton at the end of February 22, the highest since at least the last 6 years. Although after that the price had dropped below US $ 16,000/ton.

For almost two months the nickel price tends to move sideways. The price of nickel only started to rise at the end of April to reach US$ 18,187/ton on Tuesday (1/6/2021) trading yesterday.

As a result in a week, referring to the data London Metal Exchange (LME), nickel prices have jumped 5.75%. Goldman Sachs and DBS estimate that nickel prices could break above US$ 20,000/ton this year

Fourth, world crude oil prices also finally broke the highest record this year in Asian morning trade on Wednesday (2/6). For the Brent contract, the price broke US$ 70.62/barrel after rising 0.53%.

Meanwhile, for crude oil contracts that are the reference for Uncle Sam’s country, namely West Texas Intermediate (WTI) or also known as lightsweet traded at US$ 68.05/barrel after rising 0.49%.

The combination of improved demand also pushed up crude oil prices. The group of oil-producing countries that are members of OPEC estimates that oil demand will increase by 6 million barrels per day (bpd) or equivalent to 6% of global demand before the pandemic hit in 2021.

So, how do the stocks of the producers of the four commodities move?

Below, the CNBC Indonesia Research Team presents a list of each of the top 3 commodity stocks with the highest gains today, at 10:54 WIB.

Top 3 Coal Stocks

1. Indika Energy (INDY), +8.95% stake, to Rp 1,395, transaction Rp 27 M

2. Indo Tambangraya Megah (ITMG) 7.74+%, to Rp. 13,925, transaction of Rp. 103 M

3. Bukit Asam (PTBA), +5.88%, to Rp 2,340, transaction Rp 71 M

3 Large CPO Shares

1. Provident Agro (PALM), +7.08%, to Rp 454, transaction Rp 1 M

2. Bakrie Sumatera Plantations (UNSP), +4.73%, to Rp 111, transaction Rp 3 million

3. Astra Agro Lestari (AALI), +2.55%, to Rp 9,050, transaction Rp 10 M

3 Big Nickel Stocks

1. Nusantara Tin Plate (NIKL), +3.72%, to Rp 1,255, transaction Rp 3 M

2. Harum Energy (HRUM), +3.41%, to Rp 5,300, transaction Rp 13 M

3. Aneka Tambang (ANTM), +1.63%, to Rp 2,490, transaction Rp 114 M

3 Big Oil Stocks (Oil and Gas)

1. Energi Mega Persada (ENRG), +5.88%, to Rp 108, transaction Rp 2 M

2. Elnusa (ELSA), +4.61%, to Rp 318, transaction Rp 11 M

3. Rukun Raharja (RAJA), +3.51%, to Rp 236, transaction Rp 7 M

CNBC INDONESIA RESEARCH TEAM

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