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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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Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
Monday, 20 January 14
SUB-BIT INDONESIA COAL SWAP SEEN LOWER IN 2ND HALF OF 2014
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.78 pmt month on month on Friday 17 January 2014. T ...
Monday, 20 January 14
THE CFR SOUTH CHINA COAL MARKET APPEARS TO HAVE LOST DIRECTION
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 4.25 percept month on month and closed at US$ 79.48 per mt as ...
Sunday, 19 January 14
FREIGHT MARKETS SEE CONTINUED WEAK PERFORMANCE
COALspot.com: The market has continued to soften particularly in the far East/SE Asia sector.
The BDI was down 6 pct week on week, the index was ...
Friday, 17 January 14
US COAL PRODUCTION DOWN WEEK ON WEEK: EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.3 million short tons (mmst) of co ...
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- Neyveli Lignite Corporation Ltd, - India
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- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Attock Cement Pakistan Limited
- The University of Queensland
- ICICI Bank Limited - India
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- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
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- Chamber of Mines of South Africa
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- Samtan Co., Ltd - South Korea
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- Thai Mozambique Logistica
- India Bulls Power Limited - India
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- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
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- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
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- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
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- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
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- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
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- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
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- Siam City Cement PLC, Thailand
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- Energy Development Corp, Philippines
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