Welcome to Commodity Merchant Trading and Shipping Advisory Services, the international commodity merchant trading consultancy dedicated to help a clientele comprised of traders/merchants and banks to achieve world-class competency in commodity trading and trade finance. … Continue reading →
Sanctions have created major dislocations in the markets and while there is a decent level of volatility, Glencore is clearly on the wrong side of it.
CCI and Oddo are on the other side of this trade eating a free bear flesh lunch from Glencore.
Is Glencore unlucky or the trader creates its own luck ?
There is a belief that Glencore is in a good position (expressed by Long- equity indexers inadequately comprehending the interwined physicality and financiality in commodity markets) while in fact the reverse is totally true.
The existential questions are why don’t they simply make money with the existing assets that they already control ? Continue reading →
EITI is aimed at oil-cash and anti-corruption ( payments transparency). Greater accountability by governments and companies is seen by EITI as a way of combatting corruption but behind EITI the real target is most likely Vitol, Gunvor and shareholding galaxies (of a French, Russian and Swiss Citizenship) by an arbitrary prosecution from adversarial foreign powers.
While it is generally accepted that EITI aimed at transparency in the commodity payments the real target is Switzerland. Continue reading →
It’s the Salomon Brothers of the commodities, a business regulated to the quarter turns. Since its beginnings in 2004, Mercuria Trading S.A. has demonstrated an unrelentless capacity to execute complex trades, earning the banks/financing parties trust.
At the beginning of 2017, Noble’s position consisted of back-to-back losses, nothing less than $2B equity in non-cash mark-to-market unrealised gains and a book that was irreversibly damaged. Continue reading →
Various papers have tried to explain the forward curves and spot volatility across the freight market. This article examines the reasons why Traders/Charterers Owners are not inclined to use the swap to mitigate the freight risk. We observe the impediments … Continue reading →
As commodity traders business started to depart from ‘pure commodity trading desks built on perceived arbitrages to the pre-export financing, lending project financing, structured commodity solutions became de-facto doctrine of commodity trading, the ‘new-cool’.