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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, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...
Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
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- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Central Electricity Authority - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- The University of Queensland
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
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