Covers all the major commodity markets, their products, applications and risks
Learn how to invest, hedge and trade in the related physical, equities and derivatives markets
Commodities such as oil and gas, food and water, solar and wind power, metals and minerals, animals and fish have become a genuine asset class alongside bonds, equities, and foreign exchange.
Mastering the Commodities Markets is an introduction to both the general commodity markets and to specific products: precious metals, oil and other hydrocarbons, rare earth elements, aqua and agriculture, alternative energy and carbon and environmental commodities. Beginning with the basics of commodities and how they have developed as an asset class in their own right, the book then introduces key commodities chapter by chapter, looking at the background and context of each product, their origins and manufacture, key market participants, pricing structures and patterns, risks and how to trade, hedge and use indices.
Mastering Commodities Markets includes:
Commodity prices and their effect on financial markets
Financial and non-financial market participants
Economics of commodities, pricing mechanics and markets
Trading, hedging, arbitrage and investing
Commodity Indices
By:
Francesca Taylor
Imprint: FT Publishing International
Country of Publication: United Kingdom
Dimensions:
Height: 240mm,
Width: 170mm,
Spine: 20mm
Weight: 586g
ISBN: 9780273768128
ISBN 10: 0273768123
Series: The Mastering Series
Pages: 344
Publication Date: 29 November 2012
Audience:
Professional and scholarly
,
Undergraduate
Format: Paperback
Publisher's Status: Active
Acknowledgements Contributors 1 Commodity Fundamentals Commodities are an asset class in their own right Range of commodity investments Market developments and global drivers Commodity prices and their effect on financial markets Market participants How commodities differ from other assets Economics of commodities: spot and forward transactions Forward curves: contango and backwardation Understanding the ‘basis’ Commodity trading, hedging, arbitrage Commodity indices 2 Key Commodity Derivatives Background and context Market Fundamentals Market fundamentals: exchange traded v. OTC derivatives markets The major commodities exchanges Exchange traded futures Exchange traded options OTC commodities derivatives OTC commodities options (caps) OTC commodities swaps Regulatory reform 3 Oil Steve McBain Background and context Crude oil production Crude oil consumption Crude oil refining Geopolitics OPEC Definitions and key features Oil reserves Oil uses and applications Oil pricing and price discovery Freighting Hedging and risk management Environmental concerns Future market developments 4 Gas With featured section on natural gas trading, by Victoria Adams Background and context What is natural gas? Gas measurements Natural gas formation Natural gas reserves Natural gas producers Liquefied natural gas (LNG) Shale gas Gas pricing and price discovery Trading natural gas ‘Prompt’ and ‘curve’ markets Spot trading and balancing Exchange trading 5 Coal Background and context Range of coals Mining and production World production and reserves Coal pricing and price discovery Exchange traded markets Trading with coal futures Environmental concerns Coal and carbon issues 6 Alternative Energy Background and context Measurements of electricity Energy definitions Hydropower Wind power Solar power Biofuels Geothermal power 7 Carbon and Environmental Commodities Andrew Pisano Background and context Economics of climate change An overview of emissions trading Emissions trading schemes Pricing and price discovery – supply and demand Hedging and trading The future of emissions trading 8 Precious Metals Jeffrey Rhodes Introduction – a personal view Background and context: London Bullion Market Bullion accounts Supply and demand Producers and consumers Pricing and price discovery Hedging and trading instruments Technical analysis Glossary of terms for bullion markets 9 Base Metals Fabrice Tayot Background and context The mining lifecycle Rehabilitation and environmental concerns Characteristics, supply and demand of key base metals: Pricing and price discovery Risk management and derivatives Outlook 10 Rare Earth Elements Background and context Definition and key features Supply and demand World production and reserves Importance of China Importance of rare earth elements in today’s markets Defence uses of rare earth elements<
Francesca Taylor has a B.Sc in Geology from London University and has been active in the commodity, currency and derivatives markets for many years. She is a well-established and published author Francesca has a talent for simplifying the complex and the complicated. She is the founder and ex-CEO of Taylor Associates (International) and is Managing Partner of the Matrix Partnership. Now based in the Middle East (Dubai) she is at the heart of the global oil and gas markets and has close ties with commodity traders and commodity asset managers. In addition she has worked closely with the Dubai Mercantile Exchange (DME) where the Oman crude oil contract is traded and has a wide reaching and broad group of contacts. Francesca is the author of Mastering Derivatives Markets (now in its 4th edition), Mastering Foreign Exchange and Currency Options and Market Know How: Finance and Markets
Reviews for Mastering the Commodities Markets: A step-by-step guide to the markets, products and their trading
""I really like the way it has been written, it provides excellent coverage of the subject matter"" Ahsan Ahmedani, Treasury Superintendent at Cristal (The National Titaniun Dioxide Company Ltd), Jeddah, Saudi Arabia
