Commodity stocks, particularly from the sectors of coal and crude palm oil (CPO), a lately. Among analysts and securities firms have agreed, commodity stocks that had been held up an index in the past week.
TAKE example stock Bumi Resources Tbk (PT Borneo enterprises and Energy (BORN). BUMI easily penetrate the high level of Rp 3,000 since last December, following the rally in commodity prices. While that was BORN to play at the level of Rp 1,200 has already touched USD 1700.
Bumi shares have become a million people, while BORN including a newcomer to the national stock exchange floor. Borneo floor on November 26, 2010. IPO is offered at a price of USD 1170.
Borneo is a type of brown coal coal producer in Indonesia. This type of coal can be used to produce coke for heating the iron and steel production.
Coking coal is used to produce metaliurgicalcokeyang are the raw materials for production of pig iron (crude steel) with technology blast furnaces. In addition to the blast fumace, steel production can also be done with gas.