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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, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally durin ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
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