Reddit is a community of millions of users engaging in the creation of content and the sharing of conversation across tens of thousands of topics. Follow this to keep up with all the important discussions about Commodities.
Basically as the title says. To give you a little context, I work at a steel mill in which I want to start hedging, starting by making simulations as to when I should buy raw mat etc etc. Any videos, books, reads or any information will be appreciated.
I am about to start working as Day-Ahead energy portfolio optimizer for a large multinational firm (think nuclear, gas, thermo, hydro, wind, sun) working on major EU countries markets and daily submitting bids on exchange for both regular and derivative contracts.
Is this a step in right direction for trading/quant research/phynance career? At least for experience, being closer to markets, working in EU, etc.
I am very much interested in trading but have significant (5yr) background in commercial banking while recently graduating with data science master degree from above average European university though have a regular biz admin degree for undergraduate. Did research internship in US on math finance (think derivatives pricing and trading) so I am familiar with quant world. I code in Python/R/SQL/a bit of kdb+/q. Worked on Bloomberg, got certificates, etc.
Unfortunately, although I was close to get in on couple of interviews for quant/research roles, I didn't manage to. I feel my commercial banking background didn't sit too well with HR while in some cases I perhaps was not the best candidate. It seems they preferred either more mathy majors for undergraduate or less experience - since I was applying usually for junior positions. As well as me needing Visa for major financial centers NYC/London/Paris/Frankfurt/Milan seemed to be additional burden for junior position.
I have a bachelors in Mathematics and (hopefully) at the end of Summer 2020 I will have a Ph.D in Statistics. Are there commodities trading positions where I could utilize these skills or is it just a "nice to have" line item on my resume?
How much of commodities trading is speculative? Are there any aspects to the job that are non-speculative?
How are physical commodities traded differently to paper commodities?
What type of pay does a typical first year oil trader walk away with? How much commission?
What commodity would be seen as the "one" or what group of commodities are seen as highly traded nationally and or globally?
So I recently got connected to a supplier from Africa that has a quarry and has many different varieties of semi-precious and precious stones. They have labradorite, tourmaline, citrine, rose quartz, apatite,amethyst, and sapphires. I found tradekey but I'm not sure how they are and I can't seem to find any other places that will buy bulk stones like this. The producer would like to sell in bulk and not in small amounts. Any suggestions or advice?
I am a currently unemployed engineer with lots of oil & gas experience. Sometimes people ask me to help them with LNG or coal imports from the US because of my background but I have no clue. Now I wonder whether this path is worth exploring; specifically here are my questions: 1-How does one become an agent (I am not sure what it's called)? Are there courses, books, articles or certifications? 2-Can I make a reasonable income from this trade? 3-Are there unwritten barriers to entry (e.g. powerful connections, membership in certain groups)?