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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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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- White Energy Company Limited
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
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