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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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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
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