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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, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
...
Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Parliament of New Zealand
- The Treasury - Australian Government
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Planning Commission, India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
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