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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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Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...
Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
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- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Planning Commission, India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
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