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
Metal Park launches storage hub in KEZAD
(Posted on 12/03/25)Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more
Rio Tinto to invest $1.8bn to develop Western Australia Brockman mine
(Posted on 06/03/25)Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project (BS1), extending... Read more
Canadian steel industry denounces tariffs on Canada
(Posted on 04/03/25)Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), has released... Read more
Study: Enough scrap to meet rising U.S. demand for recycled steel
(Posted on 04/03/25)Enough domestic ferrous scrap is available for electric arc furnace (EAF) steelmakers to supply nearly... Read more
Cargill and Hafnia launch Seascale Energy
(Posted on 01/03/25)Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined... Read more
Anglo American and Codelco to unlock significant value from copper mines
(Posted on 28/02/25)Anglo American plc has announced the signing of a memorandum of understanding between its 50.1% owned... Read more
Metso invests in China to strengthen screen offering for mining and aggregates
(Posted on 15/02/25)Metso is investing in the expansion of its screening solutions in China. Metso is a frontrunner in sustainable... Read more
Cemex announces CEO transition
(Posted on 13/02/25)Cemex has announced that its CEO, Fernando A. González, has decided to retire after a successful... Read more
EUROFER: Trump’s tariffs will exacerbate already dire market environment
(Posted on 11/02/25)European Steel Association (EUROFER) President, Dr. Henrik Adam has released a statement on U.S. steel... Read more
Canadian steel producers concern at Trump’s tariff threat
(Posted on 10/02/25)Canadian Steel Producers Association President and CEO, Catherine Cobden has released the following... Read more
