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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, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
Monday, 24 June 13
INDONESIA COAL SWAP FOR AUGUST 2013 DELIVERY GAINS WEEK ON WEEK
COALspot.com – Coal prices for immediate supply contracts have started moving up, but prices for next year supply shows a negative trend ...
Sunday, 23 June 13
BDI CROSSED ITS PSYCHOLOGICAL BARRIER THIS WEEK - VISTAAR
COALspot.com : The BDI crossed the psychological barrier of 1000 points after many months and closed at 1,027 points, which were up by 14.11 pct wee ...
Sunday, 23 June 13
SHIP PRICES NOT FOLLOWING FREIGHT MARKET FUNDAMENTALS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although it's been the case in many occasions in the past, it appears that ship prices haven't been quite following freight market fundamentals, i ...
Friday, 21 June 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 19.70 million short tons (mmst) of ...
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- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- The University of Queensland
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
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