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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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Wednesday, 06 August 14
CAPES: BUSINESS INTEREST REMAINS SOFT; CURRENTLY NO SIGNS OF IMPROVEMENT - INTERMODAL
COALspot.com: Despite the considerable pressure witnessed in the freight market for most of the size segments, the Dry Bulk Index was able to note ...
Wednesday, 06 August 14
SHIPPING MARKET INSIGHT - EVA TZIMA
Recent reports that Indonesia’s ban on exports of metal ore concentrates was lifted for the first time in six months for two of its biggest m ...
Wednesday, 06 August 14
SGX SUCCESSFULLY LAUNCHED NEW SGX COAL PRODUCTS
COALspot.com: Singapore Exchange (‘SGX’) has announced that, the exchange has successfully launched its new Coking and Thermal Coal pro ...
Monday, 04 August 14
ANNUAL SECOND HALF SURGE IN BRAZILIAN IRON ORE EXPORTS ABOUT TO BEGIN - JEFFREY LANDSBERG
COALspot.com: Great strength in the capesize market has all along been set to occur during the second half of this year, as that is when Brazilian ...
Monday, 04 August 14
SUB-BIT FOB INDONESIA COAL SWAP INCHES UP DESPITE LOW DEMAND
COALspot.com: Indonesian coal swaps for average Q4’ 2014 increased US$ 0.15 day on day and US$ 0.13 per mt week on week. But, the swap was lo ...
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- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
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