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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 April 14
US PRODUCED APPROXIMATELY 19 MILLION SHORT TONS OF COAL IN A WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 25 April 14
2ND MYANMAR ELECTRIC POWER CONVENTION 2014 IS THE GATEWAY TO MYANMAR POWER INDUSTRY!
Press Release: 2nd Myanmar Electric Power Convention (MEPC) 2014 is scheduled on 21-23 October, 2014 at Traders Hotel in Yangon, Myanmar. MEPC o ...
Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded mos ...
Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy
There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...
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- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- The University of Queensland
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
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