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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, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
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