3.0

credits

Average Course Rating

Energy markets and energy derivatives are unique and require special attention and special risk management tools. Topics include: Shipping Markets, Freight Indexes, Forward Freight Agreements, and Supply Chain. Coal markets across the world and their Rebirth Metal physical markets, major Exchanges (LME, SHFE), and the role of Metals in the development of Renewables, particularly Steel, Aluminum, Palladium. Agricultural (grains and softs) markets, Biofuels, fertilizers and water. Examples of forward curves and their different shapes; examples of volatility skews. Relationship between price volatility and Inventory ; Theory of Storage Usefulness of Asian options in Commodities and Valuation. Commodity Indexes and the Different Ways of Investing in Commodities.