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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, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- MS Steel International - UAE
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- The University of Queensland
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
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