Mastering the Commodities Markets

A step-by-step guide to the markets, products and their trading

AvFrancesca Taylor

Häftad, Engelska, 2012

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Beskrivning

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

Produktinformation

Utgivningsdatum:2012-11-29
Mått:170 x 240 x 20 mm
Vikt:586 g
Format:Häftad
Språk:Engelska
Serie:The Mastering Series
Antal sidor:344
Upplaga:1
Förlag:Pearson Education
ISBN:9780273768128

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Mer om författaren

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

Recensioner i media

"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

Innehållsförteckning

AcknowledgementsContributors 1 Commodity FundamentalsCommodities are an asset class in their own rightRange of commodity investmentsMarket developments and global driversCommodity prices and their effect on financial marketsMarket participantsHow commodities differ from other assetsEconomics of commodities: spot and forward transactionsForward curves: contango and backwardationUnderstanding the ‘basis’Commodity trading, hedging, arbitrageCommodity indices 2 Key Commodity DerivativesBackground and contextMarket FundamentalsMarket fundamentals: exchange traded v. OTC derivatives markets The major commodities exchangesExchange traded futuresExchange traded optionsOTC commodities derivativesOTC commodities options (caps)OTC commodities swapsRegulatory reform 3 Oil Steve McBainBackground and contextCrude oil productionCrude oil consumption Crude oil refining Geopolitics OPECDefinitions and key featuresOil reservesOil uses and applicationsOil pricing and price discoveryFreightingHedging and risk managementEnvironmental concernsFuture market developments 4 GasWith featured section on natural gas trading, by Victoria AdamsBackground and contextWhat is natural gas?Gas measurementsNatural gas formationNatural gas reserves Natural gas producersLiquefied natural gas (LNG)Shale gasGas pricing and price discoveryTrading natural gas‘Prompt’ and ‘curve’ marketsSpot trading and balancingExchange trading 5 CoalBackground and contextRange of coalsMining and production World production and reservesCoal pricing and price discoveryExchange traded markets Trading with coal futuresEnvironmental concernsCoal and carbon issues 6 Alternative EnergyBackground and context Measurements of electricityEnergy definitionsHydropower Wind powerSolar powerBiofuelsGeothermal power 7 Carbon and Environmental Commodities Andrew PisanoBackground and context Economics of climate changeAn overview of emissions trading Emissions trading schemesPricing and price discovery – supply and demandHedging and tradingThe future of emissions trading 8 Precious MetalsJeffrey RhodesIntroduction – a personal viewBackground and context: London Bullion MarketBullion accountsSupply and demand Producers and consumersPricing and price discoveryHedging and trading instrumentsTechnical analysisGlossary of terms for bullion markets 9 Base Metals Fabrice TayotBackground and contextThe mining lifecycle Rehabilitation and environmental concerns Characteristics, supply and demand of key base metals: Pricing and price discoveryRisk management and derivativesOutlook 10 Rare Earth ElementsBackground and contextDefinition and key featuresSupply and demandWorld production and reservesImportance of China Importance of rare earth elements in today’s marketsDefence uses of rare earth elements<