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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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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Romanian Commodities Exchange
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
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