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Agriculture | Coal | LNG | Oil | Metals

Market Movers Asia, May 18-22: Buyers face potential crude allocation cuts as suppliers aim to balance market

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Watch: Market Movers Asia, May 18-22: Buyers face potential crude allocation cuts as suppliers aim to balance market

The highlights in Asia's commodity markets this week:

** Oil refiners expect to receive notices from Middle Eastern crude producers on potential crude allocation cuts for June

** Key meetings in Beijing are expected to tackle China's green energy plan

** India's oil product demand recovery in focus, with its nationwide lockdown extended until May 31

** Steel and metals industry turn to China data on house prices for indication on the extent of its post-COVID-19 recovery

Also in this episode: Biofuels market turn to Indonesia for potential changes in its palm oil export duties, arbitrage window opens for Atlantic LNG cargoes to flow to the Pacific basin, and the rise of Indonesian thermal coal prices could face resistance.