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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, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in Ma ...
Sunday, 06 May 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA SWAPS SLIGHTLY DROP THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries slightly dropped this week.
According ...
Sunday, 06 May 12
S7 & S8 ROUTES LIKELY TO BE FIRM NEXT WEEK VISTAAR SINGAPORE
COALspot.com - The BDI remained flat this week and was up just by 1 point closing at 1,157 points.
The cape size index was up by 5.14 pct closing ...
Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral ...
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- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- The University of Queensland
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
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