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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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Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the se ...
Tuesday, 20 January 15
INDONESIAN COAL OUTPUT SEEN RISING, DESPITE FALL IN ITS PRICE
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week, but Indonesian Coal Output Seen Rising. T ...
Tuesday, 20 January 15
NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY DECLINED 2.83% M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery declined US$ 1.45 per MT (-2.83%) month over month and US$ 0.50 (-0.99%) we ...
Monday, 19 January 15
HBA FALL TO FRESH LOWS; COAL OVERSUPPLY WILL CONTINUE TO PUSH PRICE DOWN
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 63.84. T ...
Monday, 19 January 15
CFR SOUTH CHINA COAL SWAPS REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 3.37 (-5.63%) per MT month over month and US$ 0.74 (-1.29%) ...
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- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- White Energy Company Limited
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
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