Imperium Commodity Search

13/11/2024

LNG ENERGY NEWS | Weather and the Trump Effect set to influence LNG prices

Europe's front-month LNG price jumped overnight for a third straight day to a three-week high, mirroring gas market gains, with the latter buoyed by weather-driven demand and ongoing supply risks.

The landing price for LNG delivered ex-ship to northwest Europe in December was last seen late on Monday at USD 13.47/MMbtu (EUR 43.14/MWh), the highest price 25 October, according to Spark Commodities data. Prices of the chilled fuel tracked the benchmark front-month price on the Dutch TTF hub, whi...

13/11/2024

METALS TRADING NEWS | Rule Britannia as they strengthen their Metals Trading Desk with new hire.

FCA-regulated Britannia Global Markets has strengthened its trading desk by rehiring Neil Welsh as Head of Metals. He returns to the company after about two years, having previously served as a base metals sales trader there for over three years.

FCA-regulated Britannia Global Markets has strengthened its trading desk by rehiring Neil Welsh as Head of Metals. He returns to the company after about two years, having previously served as a bas...

11/11/2024

BUNKER TRADING NEWS | Should Bunker Firms be Wary Over Use of WhatsApp in Deals?

For 15 years now Bunker Trading Firms have been concluding deals and managing relationships on tech messaging platform WhatsApp. This replaced the previously well utilised Yahoo Messenger.

The free to use service has some excellent features and has seen off many challengers over the years. The issue has more become the compliance function in that messages can be edited post delivery now, leading to all manner of potential consequences.

https://tinyurl.com/248tfn4p

08/11/2024

COMMODITY FUND NEWS | Largest Commodity ETF Celebrates its 10th Birthday, a significant milestone for the industry.

The $4.6 billion (PDBC) Fund launched on November 7, 2014 and has served as a diversifier and inflation hedge, among other roles, in portfolios for the past decade.

The broad-basket commodity ETF charges 59 basis points, a competitive price for the category. PDBC is actively managed and provides exposure to the world's most heavily traded commodities. This includes gasoline, Brent crude, NY Harbor ULSD, gold, WTI crude, copper, wheat, sugar, zinc, aluminum, soybeans, corn, natural gas, and silver.

The industry’s largest commodity ETF is celebrating its 10th birthday on Thursday, a significant milestone for the industry.

08/11/2024

HEDGE FUND NEWS | BlackRock continues it's acquisition charge with talks ongoing to purchase a stake in Millennium.

BlackRock is allegedly in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund.

According to sources it was not clear whether the talks would result in a deal, with one of them adding that the strategic rationale of a transaction was also unclear. The Financial Times has already reported on this potential deal.

Read the full article to get a grounding on the Blackrock acquisition charge.

BlackRock is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said.

08/11/2024

COMMODITY OPTIONS NEWS | 1st Options Trade Executed in by Flack Global Metals in European Hot Rolled Steel.

Flack Global Metals, a diversified platform specializing in the buying, selling, manufacturing, trading and investing in flat rolled steel, announced today the ex*****on of the first European hot rolled steel options trade, further cementing its status as a first-mover across the steel ecosystem.

While this is the first options trade recorded, Flack Metals Trading SA, the global trading arm of FGM, based in Lugano, Switzerland, already trades futures and is confident that this first options trade will create further liquidity and price discovery.

/PRNewswire/ -- Flack Global Metals (FGM), a diversified platform specializing in the buying, selling, manufacturing, trading and investing in flat rolled...

01/11/2024

TRADE FINANCE NEWS | Gunvor USA seals oversubscribed US$2.34bn borrowing base facility.

Commodity trading giant Gunvor has grown its uncommitted borrowing base facility in the US to US$2.34bn with support from a syndicate of 21 lenders, including four new participants.

Houston-headquartered Gunvor USA says the facility was strongly oversubscribed, which managing director David Garza says "reflects the continued confidence of our banking partners in the US business and Gunvor Group globally".

Commodity trading giant Gunvor has grown its uncommitted borrowing base facility in the US to US$2.34bn with support from a syndicate of 21 lenders, including four new participants. Houston-headquartered Gunvor USA says the facility was strongly oversubscribed, which managing director David Garza sa...

31/10/2024

HEDGE FUND NEWS | T'was a glorious summer once more for Hedge Funds.

Hedge funds have seen their eighth successive month of positive returns, according to fund administrator Citco, with year-to-date performance of 11.03% at September 30th.

The sector saw an overall weighted average return of 3.22%, an increase from 1.09% in Q2 2024. Global macro strategy led the way with a 5.25% weighted average return, followed by fixed income arbitrage funds with a 4.09% return.

Hedge funds have seen their eighth successive month of positive returns, according to fund administrator Citco.

30/10/2024

FUTURES TRADING NEWS | CME Group to launch its own futures commission merchant (FCM)

CME Group has announced today that it has received the National Futures Association's approval to establish its own futures commission merchant (FCM). This strategic move is aimed at strengthening the company's ability to adapt to the evolving needs of its clients in the financial industry and compound its overall position in the global derivatives marketplace.

https://tinyurl.com/29cj2gqw

29/10/2024

BIOMASS ENERGY NEWS | KKR to purchase 25% stake in Enilive from Eni

Italian energy company Eni and U.S. based KKR on Oct. 24 announced an agreement under which KKR will purchase a 25% stake in Eni's Enilive business, which encompasses the company's biorefining, biomethane, and smart mobility solutions businesses.

https://tinyurl.com/2ajl39sq

02/07/2024

DERIVATIVES TRADING NEWS | CME announces record Forex volumes at world's leading derivatives marketplace.

Foreign exchange average daily volume (ADV) reached 1.1 million contracts in Q2, marking a 20% increase compared to the same period last year. The surge in CME Group's FX trading activity was driven by heightened market volatility and increased hedging demand amid global economic uncertainties.

CME Group, the world's leading derivatives marketplace, reported record-breaking foreign exchange (FX) futures trading volumes for the second quarter of 2024

02/07/2024

BATTERY METALS TRADING NEWS | Hedge funds see the future in Cobalt.

Hedge funds including Anchorage Capital Advisors and Squarepoint Capital LLP have been building positions in cobalt by buying up physical material, as tumbling spot prices and a more liquid futures market create new trading opportunities in the battery metal.

https://tinyurl.com/2zpq5hk9