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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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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
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