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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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Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...
Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
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- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- PTC India Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
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