About the Course

Entrima offers online education. We cover various educational programmes, each being split into multiple building blocks. The educational programme “Fundamentals of Commodity Markets” is offered in a wide range of modules. Each module represents a specific subjects and/or themes.

Course Contents

Asset classes – Types of markets

  • About fixed-income, equity, real estate, FX and commodities
  • Risk-reward ratios

Commodities & commodity markets

  • About metals, softs & energy, but also freight, carbon & fibres
  • Relations & correlations

Production, storage & transport – Up-, mid- & downstream

  • Capacity
  • Analysis of availability and utilization

Market participants & their role

  • Commodity trading firms & investors
  • Risk diversification & correlation
  • Roll yield

Spot & forward markets – Physical & financial products

  • Price volatility
  • Power & Gas – Balancing

Commodity derivatives – Contract specifications & settlement

  • Physical delivery vs. cash settlement
  • ADP, TAS
  • Power & gas: Delivery period vs moment

Pricing of commodities – Price driving factors

  • Fundamental & non-fundamental price driving factors
  • Pestle & steepled analysis, incl. seasonality & mean-reversion

Commodity markets vs. Financial markets – Differences

  • Differences between the characteristics of both markets
  • A comparison is made concerning markets, products & pricing

The role of speculators

  • The impact of speculators on price levels
  • Politicians, policy makers & regulation

Exam & Certification

Reviews

The course provided a good explanation.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric

The most positive element of the course were the short informative lectures.

Olga Lysytsyna
Senior Consultant at E-Star

Content was good.

Maria Kramer
Operational Risk Manager at Statkraft

It is very informative and well described. The subtitles help.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric

Good illustration.

Nataliia Trofimova
Internal Auditor at DTEK