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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Planning Commission, India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
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