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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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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- The University of Queensland
- CNBM International Corporation - China
- Australian Coal Association
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
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