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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, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...
Monday, 18 November 13
SUB-BIT INDONESIA COAL SWAP LOST ON WEEK; MARGINALLY GAINED ON DAY
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.25 pmt month on month on Friday 15 Novemb ...
Sunday, 17 November 13
Q4' 14 API 8 CFR SOUTH CHINA COAL SWAP CLOSED $ 3.43 PMT (4.34 %) HIGHER THAN Q1' 14 SWAP
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.05 percept d-d on Friday 15 November 2013. The CFR South ...
Saturday, 16 November 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES FIRM DUE TO STRONG COAL ACTIVITIES
COALspot.com: The Cape and Panamax index was down this week and pulling down the BDI by about 5 pct. BDI was closed at 1507 points on Friday 1 ...
Friday, 15 November 13
DRY BULK MARKET STILL LINGERING ON, DESPITE PREDICTIONS OF NEW IMMINENT RALLY PRIOR TO THE YEAR'S END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet managed to stage a new comeback after its retreat from the recent multiyear highs. Yesterday, the industry's benchm ...
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- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
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