Market News

CPO
Cargo surveyor Intertek Testing Services announced exports in the first 10 days of April rose eight per cent to 399,703 tonnes from 369,265 tonnes shipped during the same period last month. Another cargo surveyor Societe Generale de Surveillance reported exports for the same period jumped just 3.7 per cent to 391,223. The April inventory was expected to be below 1.2 million tonnes against 1.36 million tonnes recorded last month.

Nickel
LME nickel MNI3 closed at $11,850 from $11,040, having surged to $11,750 and touching its highest since early February. "You haven't seen any fresh fundamental news flow supporting prices," said Sudakshina Unnikrishna, and analyst at Barclays Capital on nickel.

Tin
Tin MSN3 was last bid at $11,000 a tonne from $10,995. Canceled warrants for tin were at 945 tonnes, up from 650 tonnes last week, while LME inventories rose 135 tonnes to 12,070 tonnes.

WIKA
Jakarta - PT Wijaya Karya Tbk (WIKA) targeting new acquisition contract of Rp 9,394 trillion in 2009. Company's focus on pursuing the government rather than private sector projects. "This year we target a new contract of Rp 9,394 trillion," said Director WIKA, Stars Perbowo in shelf building in WIKA, Jl DI Panjaitan, Jakarta, Selasa (14/4/2009).

WIKA & PLN
This year, PT PLN (Persero) menggandeng PT Wijaya Karya Tbk (WIKA) to become a supplier of coal to several power plant. "We will supply coal to PLN for 5 years," said Director of Operations WIKA Slamet Maryono, after public exposure event in Jakarta on Tuesday (14 / 4). The value of investment for the project to reach Rp 1.9 trillion, with the details of 520 thousand metric tons per year.

IDR
SINGAPORE. According to Barclays Capital, Indonesian rupiah have strong possibility to strongest level against dollar in six months. This triggered the improvement of the global economy so that encourage foreign investors to buy assets in Indonesia. "Scenario base so we can encourage the entrance capital flows to Indonesia."