Physical Commodity Trading: From Production Fundamentals to Cash-Paper Arbitrage - Softcover

Hawthorn, Graham S.

Softcover

ISBN 13: 9798896654230

Verlag: NobleTrex Press, 2026

Inhaltsangabe

Physical commodity markets do not price in abstraction—they price through mines, wells, pipelines, tanks, ports, warehouses, and end-user demand. This book is written for trading professionals and analysts at commodity houses and banks who need a practical, market-facing framework for understanding how physical flows translate into tradable prices, spreads, and risks. It bridges the gap between operational reality and market theory, showing how commercial detail drives valuation.

Across energy, metals, and agricultural markets, the book moves from supply-demand balance construction and production constraints to quality, logistics, benchmark-linked contracts, storage economics, forward curves, and basis decomposition. Readers learn how spot and futures markets connect, how carry and scarcity shape term structure, how location and quality differentials emerge, and how hedges are built with futures, swaps, and options. The result is a disciplined approach to interpreting cash prices, designing hedges, and identifying cash-paper arbitrage and relative-value opportunities.

What distinguishes this treatment is its integrated perspective: physical contracting, freight, inventory, financing, credit, execution, and governance are presented as part of one trading system rather than separate topics. The structure is professional and self-contained, requiring only basic familiarity with markets and derivatives. By the end, readers will have a coherent workflow for moving from production fundamentals to executable, risk-aware commodity trading decisions.

Details zur Ausgabe

• Verlag: NobleTrex Press
• Erscheinungsdatum: 2026
• Sprache: Englisch
• ISBN 13: 9798896654230
• Einband: Taschenbuch
• Anzahl der Seiten: 319
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar