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Mastering the Commodities Markets

Book Description

  • 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

Table of Contents

  1. Cover
  2. Title
  3. About the author
  4. Table of Contents
  5. Author’s Acknowledgements
  6. Publisher’s acknowledgements
  7. Contributors
  8. 1 Commodity Fundamentals
    1. COMMODITIES ARE AN ASSET CLASS IN THEIR OWN RIGHT
    2. RANGE OF COMMODITY INVESTMENTS
    3. MARKET DEVELOPMENTS AND GLOBAL DRIVERS
    4. COMMODITY PRICES AND THEIR EFFECT ON FINANCIAL MARKETS
    5. MARKET PARTICIPANTS
    6. HOW COMMODITIES DIFFER FROM OTHER ASSETS: STORAGE, TRANSPORTATION/TRANSMISSION/SHIPPING, SPOILAGE
    7. ECONOMICS OF COMMODITIES: SPOT AND FORWARD TRANSACTIONS
    8. FORWARD CURVES: CONTANGO AND BACKWARDATION
    9. UNDERSTANDING THE ‘BASIS’
    10. COMMODITY HEDGING, TRADING, ARBITRAGE
    11. COMMODITY INDICESs
  9. 2 Key Commodities Derivatives
    1. BACKGROUND AND CONTEXT
    2. MARKET FUNDAMENTALS: EXCHANGE TRADED V. OTC DERIVATIVES MARKETS
    3. THE MAJOR COMMODITIES EXCHANGES
    4. EXCHANGE TRADED FUTURES
    5. MARKET OPERATIONS
    6. EXCHANGE TRADED OPTIONS
    7. OTC COMMODITIES DERIVATIVES
    8. OTC COMMODITIES OPTIONS (CAPS)
    9. OTC COMMODITIES SWAPS
    10. REGULATORY REFORM
  10. 3 Oil
    1. Background and Context
    2. Crude Oil Production
    3. Crude Oil Consumption
    4. Crude Oil Refining
    5. Geopolitics
    6. Opec
    7. Definitions and Key Features
    8. Oil Reserves
    9. Oil Uses and Applications
    10. Oil Pricing and Price Discovery
    11. Freighting
    12. Hedging and Risk Management
    13. Environmental Concerns
    14. Future Market Developments
  11. 4 Gas
    1. Background and Context
    2. What Is Natural Gas?
    3. Gas Measurements
    4. Natural Gas Formation
    5. Natural Gas Reserves
    6. Natural Gas Producers
    7. Liquefied Natural Gas (Lng)
    8. Shale Gas
    9. Gas Pricing and Price Discovery
    10. Trading Natural Gas
    11. ‘Prompt’ And ‘Curve’ Markets
    12. Spot Trading and Balancing
    13. Exchange Trading
  12. 5 Coal
    1. BACKGROUND AND CONTEXT
    2. RANGE OF COALS
    3. MINING AND PRODUCTION
    4. WORLD PRODUCTION AND RESERVES
    5. COAL PRICING AND PRICE DISCOVERY
    6. EXCHANGE TRADED MARKETS
    7. TRADING WITH COAL FUTURES
    8. ENVIRONMENTAL CONCERNS
    9. COAL AND CARBON ISSUES
  13. 6 Alternative Energy
    1. BACKGROUND AND CONTEXT
    2. MEASUREMENTS OF ELECTRICITY
    3. ENERGY DEFINITIONS
    4. HYDROPOWER
    5. WIND POWER
    6. SOLAR POWER
    7. BIOFUELS
    8. GEOTHERMAL POWER
  14. 7 Carbon and Environmental Commodities
    1. BACKGROUND AND CONTEXT
    2. ECONOMICS OF CLIMATE CHANGE
    3. AN OVERVIEW OF EMISSIONS TRADING
    4. EMISSIONS TRADING SCHEMES
    5. PRICING AND PRICE DISCOVERY – SUPPLY AND DEMAND
    6. HEDGING AND TRADING
    7. THE FUTURE OF EMISSIONS TRADING
  15. 8 Precious Metals
    1. INTRODUCTION – A PERSONAL VIEW
    2. BACKGROUND AND CONTEXT: THE LONDON BULLION MARKET
    3. BULLION ACCOUNTS
    4. SUPPLY AND DEMAND
    5. PRODUCERS AND CONSUMERS
    6. PRICING AND PRICE DISCOVERY
    7. HEDGING AND TRADING INSTRUMENTS
    8. TECHNICAL ANALYSIS
  16. 9 Base Metals
    1. BACKGROUND AND CONTEXT
    2. THE MINING LIFECYCLE
    3. REHABILITATION AND ENVIRONMENTAL CONCERNS
    4. CHARACTERISTICS, SUPPLY AND DEMAND OF KEY BASE METALS
    5. PRICING AND PRICE DISCOVERY
    6. RISK MANAGEMENT AND DERIVATIVES
    7. OUTLOOK
  17. 10 Rare Earth Elements
    1. BACKGROUND AND CONTEXT
    2. DEFINITION AND KEY FEATURES
    3. SUPPLY AND DEMAND
    4. WORLD PRODUCTION AND RESERVES
    5. IMPORTANCE OF CHINA
    6. IMPORTANCE OF RARE EARTH ELEMENTS IN TODAY’S MARKETS
    7. DEFENCE USES OF RARE EARTH ELEMENTS
    8. REE PRICING AND PRICE DISCOVERY
    9. KEY STEPS TO PROJECT COMPLETION
    10. HEDGING AND TRADING
    11. OUTLOOK FOR RARE EARTH ELEMENTS
  18. 11 Food and Agriculture
    1. BACKGROUND AND CONTEXT – WHAT IS AGRICULTURE?
    2. DEMAND
    3. SUPPLY
    4. INDUSTRY STRUCTURE
    5. INVESTING IN AGRICULTURE
    6. AGRICULTURE IN AFRICA – FOCUS ON ZAMBIA
    7. THE ETHICS AND SOCIAL EQUITY OF FOOD INVESTMENT
    8. CONCLUSION
  19. 12 Water
    1. BACKGROUND AND CONTEXT
    2. THE WATER CYCLE AND CLIMATE CHANGE
    3. MAJOR WATER RESOURCES
    4. POPULATION PRESSURES
    5. RENEWABLE VERSUS NON-RENEWABLE RESOURCES
    6. AFRICA
    7. WATER CONVERSION AND DESALINATION
    8. PROCESS OVERVIEW
    9. PRICING AND PRICE DISCOVERY
    10. CONCEPT OF ‘PEAK WATER’
    11. FUTURE DEVELOPMENTS
    12. INTRODUCTION TO THE MATRIX PARTNERSHIP
  20. Index
  21. Marketing Advertisment
  22. Imprint