The Wolfson Centre for Bulk Solids Handling Technology TBA GroupTOC EventsPort of StocktonSailors SocietyCleveland Cascades Ltd
  • Bühler GmbH
  • TOC Events
  • Cimbria
  • Telestack
  • Port of Stockton
  • Vigan

First for SSY Futures

(Posted on 31/01/20)

SSY Futures Ltd is pleased to announce that it has arranged the first trade in Mid-Western Aluminium Delivery Premium options. The trade was for 250 metric tonnes per month of the contract for settlement basis the third quarter of 2020 against an index published by Platts. The call option has a strike of 17c per pound, and was at a premium of half a cent per pound.

“SSY Futures Ltd is already well known as a leading aluminium premium broker, so we are delighted to be a part of the first options trade on Mid-West Premium. As we continue our expansion into LME metals in the coming months this is another example of SSY working hard to offer our clients the full suite of metals products” said Ben Taylor, Senior Director of SSY’s metals team.

The trade will mitigate the risk on the delivery premium to the US Mid-West of 750 metric tonnes of Aluminium during July, August and September; it is a cash settled contract. The buyer and seller were leading commodity trade houses. The contract is listed and cleared by Comex, a division of The Chicago Mercantile Exchange.

SSY Futures Ltd is one of the largest Dry Bulk and Freight derivatives brokerages in the World, with brokers in London, Singapore and Stamford, US. SSY Futures specialises in iron ore, coking coal and steel derivatives as well as Forward Freight Agreements. It is a wholly owned subsidiary of Simpson Spence Young.

Latest News

Glencore and Managem announce cobalt partnership

(Posted on 28/01/22)

Glencore and Managem are pleased to announce that they have entered into a partnership to produce Cobalt... Read more


Trafigura transaction for new cobalt hydroxide and copper cathode supplies

(Posted on 20/01/22)

Shalina Resources (“Shalina”) and Chemaf SA (“Chemaf”), a leading vertically... Read more


BHP completes divestment of Cerrejón interest

(Posted on 15/01/22)

BHP has completed the sale to Glencore of its 33.3 per cent interest in Cerrejón, a non-operated... Read more


Glencore closes sale of Ernest Henry Mine

(Posted on 08/01/22)

Glencore and Evolution Mining Limited (Evolution) have closed the sale and purchase of Glencore&rsquo... Read more


Rio Tinto call on WA manufacturers to build iron ore rail cars

(Posted on 20/12/21)

Rio Tinto has called for Expressions of Interest (EOI) from Western Australian manufacturers to build... Read more


Rusal opens low-carbon aluminium smelter in Taishet

(Posted on 20/12/21)

Rusal a leading global aluminium producer, opens the first phase of the world’s most advanced... Read more


New green hydrogen project for Port Pirie

(Posted on 13/12/21)

Trafigura Group Pte. Ltd., one of the world’s largest physical commodity trading companies, Nyrstar... Read more


En+ first Russian company with UN recognised Energy Compact

(Posted on 07/12/21)

En+ Group, the world’s largest producer of low carbon aluminium, has received confirmation from... Read more


Copper Mark for BHP’s Olympic Dam, Spence and Escondida

(Posted on 30/11/21)

BHP’s Chilean operations Escondida and Spence, and Olympic Dam in Australia, have been awarded... Read more


Evolution to acquire Ernest Henry Mining from Glencore

(Posted on 25/11/21)

Glencore and Evolution Mining Limited (Evolution) have entered into a binding agreement for the sale... Read more


ViganPort of South LouisianaBühler GmbHVan AalstCimbriaTelestack
  • Cleveland Cascades Ltd
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping