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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, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
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- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Planning Commission, India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
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