Coal Trading and Risk Management

10 – 11 OCTOBER 2017, KUALA LUMPUR, MALAYSIA

About The Course

The course will explore the commoditisation of the coal market, including geographic/regional comparisons and provide a clear overview of price drivers and how participants are currently using derivative markets to meet their price risk management needs.  The course will also explore the key linkages with other markets such as freight and emissions.

Learning Outcomes

Upon completing this 2-day course, attendees can expect to:

  • Have gained a detailed understanding of all relevant dimensions of coal trading, from regional price drivers to derivatives and adjacent markets
  • Understand the key risk factors affecting coal trading
  • Be able to choose hedging instruments as a Buyer or Seller of coal
  • Have gained a detailed understanding of the price benchmarks and their application in pricing formulas for coal business
  • Consider blending options to optimise dark power spread
  • Consider inventory hedging and forward price curve optimisation
  • Estimate and manage CO2 Carbon impact and hedge requirements

Who Should Attend

  • New participants seeking to understand coal trading
  • Non-coal commodity traders seeking knowledge of the coal market
  • Managers with responsibility for trading and risk management
  • Energy buyers

Course Faculty - Jeremy Wilcox

Jeremy Wilcox is an energy market professional with 30 years’ experience working in the oil, gas, coal, electricity, renewable energy and emissions sectors.

 

With an honours degree in Applied Chemistry, where he specialized in fuel technology, and a postgrad in Marketing and Business, Jeremy has been able to combine his knowledge of energy technology with the application of business processes to improve corporate efficiency and profitability.

 

After a successful career in the downstream oil industry as a strategic and economic analyst Jeremy developed media products to assist with the understanding and development of the emergent energy derivatives market in the 1990s, including the development and launch (as editor) of Energy Risk. Later, he joined a start-up energy brokerage desk in London, where he brokered IPE Brent futures and options, as well as assisting in the development of an OTC electricity brokerage service.

 

Since 2008 Jeremy has been based full-time in Bangkok where he has focused on developing Asia’s energy and environment markets. A recurring area of work has been the development of the energy buyer market, which has included procuring electricity, gas and coal supplies for clients, assisting with power purchase agreements and developing forward strategies and risk scenarios.

 

In addition to advisory work Jeremy is a frequent speaker and chairman at conferences, is a recognized market commentator and he also teaches introductory and advanced courses on coal, gas and emission markets across Asia.

TOPICS COVERED

Introduction to the physical coal market

Trading the physical coal market

The coal derivatives market

Coal derivatives trading examples

Price drivers in the thermal coal market & Regional analysis

External Risk Factors

Introduction to other commodities directly relevant to coal trading

Introduction to coal technologies

This training course has a limited attendance for up to 20 participants only. Sessions commence at 9am on all days, with short intervals at 10.30am and 3.30pm respectively. Refreshments will be provided in the short intervals. Lunch will be provided at 12:30pm for 1 hour. Sessions will end at 5pm on all days.

Unique Features with powerEDGE Training

• Pre-Course Questionnaire to help us focus on your learning objectives
• Detailed Course & Reference Manual for Continuous Learning and Sharing
• Practical Exercises & Case Examples to better understand the principles
• Limited class size to ensure One-to-One Interactivity
• Assessment at the end of the course to help you develop a Personal Action Plan