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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, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...
Monday, 07 July 14
SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL SHIPPED 12% LESS COAL IN JUNE COMPARED TO MAY EXPORTS
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 4.91 million tons ...
Monday, 07 July 14
INDONESIAN SUB-BIT COAL SWAPS FOR Q3 DELIVERY CRASHES THROUGH $ 54.50
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 07 July 14
API 8 CFR SOUTH CHINA COAL SWAPS SHOW A DOWNWARD TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 drops US$ 5.47 month on month on Friday, dipping under $68 a ton. The CFR South Ch ...
Sunday, 06 July 14
PANAMAX INDEX BEING THE BIGGEST GAINER THIS WEEK; UP 52.75% W-O-W
COALspot.com: This week there was some positive signs in all the sectors. The Panamax index being the biggest gainer this week after losing for sev ...
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- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Planning Commission, India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Economic Council, Georgia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
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