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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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Wednesday, 15 January 14
CFR SOUTH CHINA COAL SWAPS FALL BY 6.57% MONTH ON MONTH
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 6.57 percept month on month and closed at US$ 78.90 per mt as ...
Wednesday, 15 January 14
INDONESIAN MINING LAW AVERTS BOP PRESSURE, RISKS REMAIN, FITCH SAYS
The last-minute intervention at the weekend by Indonesia's politicians to avert a significant disruption of mining activity and exports, should lim ...
Wednesday, 15 January 14
Q3 AND Q4 INDONESIAN COAL SWAPS DECLINE MONTH ON MONTH
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 1.23 pmt month on month on Friday 10 January 2014. T ...
Wednesday, 15 January 14
PANAMAX: PACIFIC - REMAINED QUIET; ATLANTIC - CONTINUED THEIR RETREAT
COALspot.com: The holiday hangover seems well underway for the Dry Bulk market that saw more ground being lost this past week. The BDI has closed of ...
Tuesday, 14 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS FALL 18.28 %
COALspot.com: In the week ended January 13, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.67 ...
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- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
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