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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, 16 March 15
MAKING THE WORLD GO ROUND - SEABORNE TRADE! - CLARKSONS
Money, or even love if you prefer, are claimed to make the world go round. For the shipping world, however, it’s trade that sets things spinn ...
Monday, 16 March 15
API 5 FOB NEWCASTLE COAL SWAPS: DECLINED
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 2.48 per MT (-4.77%) month over month and US$ 0.93 (-1.84%) we ...
Monday, 16 March 15
CFR SOUTH CHINA THERMAL COAL SWAP DECLINED 3.74% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 2.17 (-3.74%) per MT month over month and US$ 0.67 (-1 ...
Sunday, 15 March 15
BDI DECLINED LESSER THAN 1% WEEK OVER WEEK; INDO-INDIA FIRM
COALspot.com: The most of indices, including bulk dry index were falling this week. The BDI has been down by just 0.53 points and closing at 562 po ...
Saturday, 14 March 15
CAPESIZE DRY BULKERS TO AVERAGE BETWEEN $3,000 AND $9,000/DAY IN THE COMING WEEKS SAYS BIMCO
BIMCO issued its latest short-term estimates for the dry bulk market. For March/May: BIMCO assesses that the Capesize time charter (T/C) average ra ...
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- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Australian Coal Association
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
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