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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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Friday, 25 July 14
U.S WEEKLY COAL PRODUCTION UP AROUND 3.5% WEEK ENDED JULY 19
COALspot.com – United States the world's second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
Thursday, 24 July 14
INDONESIA'S JUNE 2014 COAL EXPORT VOLUME DOWN 6.82%; AVERAGE SELLING PRICE DOWN
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.70* ...
Thursday, 24 July 14
HANDY: SOUTH AFRICA SOFTENED A BIT, HERE RATES ARE AT AROUND 8K +150K BB FOR TRIPS EAST - FEARNLEYS AS
Handy
The handy market in the Atlantic is going sideways and a tick down on low activity. Levels hoovering around USD 5k on Supras. The SMX marke ...
Thursday, 24 July 14
INDONESIAN COAL EXPORTERS ARE REQUIRED TO OBTAIN ET-BATUBARA UNDER LATEST TRADE MINISTRY'S NEW REGULATION
COALspot.com: Indonesia's trade ministry has issued regulation No. 39/M-DAG/PER/7/2014 which is requires exporters of power plant coal as ...
Wednesday, 23 July 14
PANAMAXES WERE BACK ON A DOWNWARD COURSE; CAPES WERE FEELING THE MOST PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market was on a downward spiral this week, with the BDI noting another week-on-week decline of the magnitude of 10% this ...
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- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- The University of Queensland
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
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