Opis: Mastering the Commodities Markets

* 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 "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 ArabiaAcknowledgements 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 REE pricing and price discovery Key steps to project completion Hedging and trading Outlook for rare earth elements 11 Food and Agriculture Douglas Hansen-Luke, with a featured section on Zambia by Marc-Henri Veyassrat and Bruce Danckwerts. Background and context - what is agriculture? Demand Supply Industry structure Investing in agriculture Agriculture in Africa - focus on Zambia The ethics and social equity of food investment Conclusion 12 Water Background and context Hydrological cycle and climate change Major water resources Population pressures Renewable versus non-renewable resources Africa Water conversion and desalination Process overview: reverse osmosis Process overview: multi-stage flash distillation process Pricing and price discovery Concept of 'peak water' Future developments Introduction to The Matrix Partnership Units of Measurement Index

Szczegóły: Mastering the Commodities Markets

Tytuł: Mastering the Commodities Markets
Producent: FT Publishing International
ISBN: 9780273768128
Rok produkcji: 2012
Ilość stron: 344
Oprawa: Miękka
Waga: 0.61 kg

Recenzje: Mastering the Commodities Markets