Andrew Glass – Founder & Managing Director, Avatar Commodities
Tue, May 19, 2020 6:00 AM – 7:00 AM EDT
Why has iron ore bucked the commodity trend in this unprecedented market? What could short, medium and long term future look like, and how to monetise your conviction.
With uncertainty abound at the moment and an uncertain future spurring volatility in all markets, in particular commodities, a discussion on the Steel complex and why prices have remained robust is timely. We will discuss the rationale why prices are where they are and more importantly, delve into hypothesis on where they may trend. Of particular interest, is discussing the most liquid derivative of the complex, being iron ore and how to take a stake.
The discussion will include the myriad of variables contributing to price realisation from geopolitics to regional steel milling. As the steel ecosystem is complex, it is fortunate that there has been a welcome evolution in the range of derivative products accessible to manage risk for physical businesses through to financial participants. SGX, the home of international iron ore derivatives, offers Iron Ore CFR China (62% Fe Fines) futures and options derivatives on the screen. This allows participant to trade equities vs. underlying, term structures, volatility and more.
Hence we look forward to a lively discussion to explore the industry and how to monetise your convictions.
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Disclosure: Interactive Brokers
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Disclosure: Futures Trading
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