On this week's S&P Global Commodity Insights' Market Movers Asia with Ernest Puey, Associate Editor, Asia and Middle East oil markets:
*Asian oil demand recovery, balance between energy security and sustainability are in focus at APPEC 2022
*China's manufacturing activity, steel demand are expected to recover
*Firm seaborne demand from China, Japan and South Korea is likely to lend support to Indonesian thermal coal prices
*China's soybean traders will be keenly following this week's US beans harvest report.
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This week, senior industry leaders from around the world are gathering in Singapore for the first in-person APPEC conference since the pandemic.
The three-day conference organized by S&P Global Commodity Insights will discuss Asian oil demand recovery amid fears of China's oil consumption growth easing.
Other topics on the agenda include the outlook for Russian oil flows to the region and striking a balance between global energy security and sustainability.
In metals, China is set to release its September manufacturing PMI index later this week.
Manufacturing activity and related steel demand are expected to recover as power shortages ease and seasonal demand returns.
However, growth rates could be modest due to a lackluster property construction sector and slowing consumption due to domestic COVID-19 policies.
Firm seaborne demand from China, Japan and South Korea is likely to lend support to Indonesian thermal coal prices this week.
Indian buying sentiment is also expected to pick up due to post-monsoon restocking. Australian high-ash coal prices are likely to remain firm as weather disruptions keep supply tight.
China's soybean traders will be keenly following this week's US beans harvest report.
Favorable progress will weigh on the price of soybean cargoes loading from New Orleans.Traders expect this may make US beans more competitive than supply from Brazil.
I'm Ernest Puey. Thank you for kicking off your Monday with S&P Global Commodity Insights.