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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, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- PTC India Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
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