Coaltrans Poland 2020Port of BelleduneCimbria Bulk Equipment A/SViganTBA GroupSailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Telestack
  • Coaltrans MENA 2020
  • Bühler GmbH
  • Coaltrans School of Coal Singapore 2020
  • Port of Belledune

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 results reflect trade uncertainty

(Posted on 18/02/20)

Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019... Read more


IFA conference champions sustainability

(Posted on 18/02/20)

From February 3rd to 7th, the International Fertilizer Association (IFA) welcomed 170 leaders from the... Read more


USGC plan trade strategy

(Posted on 14/02/20)

Members of the U.S. Grains Council (USGC) arrived in Tampa, Fla., for the organization’s winter... Read more


Bühler reports good performance

(Posted on 14/02/20)

In 2019, Bühler delivered good performance at Group level, increasing the EBIT margin to 7.6% (... Read more


Tomakomai CCS demonstration

(Posted on 13/02/20)

The World Coal Association (WCA) have been invited to visit the Tomakomai CCS Demonstration Centre in... Read more


Rusal’s new Japan director

(Posted on 13/02/20)

RUSAL, one of the world’s major producers of aluminium, has appointed Ayumi Murakami as Representative... Read more


Rusal’s eco-friendly investment

(Posted on 02/02/20)

Rusal, one of the world’s largest aluminium producers, has invested approximately 600 million... Read more


Cleveland-Cliffs and AK Steel merger advances

(Posted on 31/01/20)

Cleveland-Cliffs Inc., the largest and oldest independent iron ore mining company in the United States... Read more


CDP recognises ArcelorMittal

(Posted on 31/01/20)

ArcelorMittal has been recognised by CDP for its leadership on corporate transparency and action on... Read more


Covantis announces ConsenSys as partner

(Posted on 27/01/20)

The founding members of the Covantis initiative, which aims to modernize global trade operations, have... Read more


Cleveland Cascades LtdPort of StocktonCoaltrans MENA 2020TelestackBühler GmbHTOC Events
  • Sailors Society
  • Cleveland Cascades Ltd
  • TOC Events

Subscribe to our newsletter

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