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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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Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
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- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
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