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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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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Planning Commission, India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- PTC India Limited - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
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