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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, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
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- VISA Power Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
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