Following its pioneering work in iron ore futures, FIS was once again at the forefront of new product development, brokering the first cleared coking coal swaps and encouraging the world’s biggest producers into trading.

FIS believes coking coal has the potential to follow in the footsteps of iron ore and thermal coal, with derivatives growing into a mature asset class that can ultimately outstrip the physical market. The Dalian onshore China market already trades 4.4bn tonnes annually while offshore market volumes in 2017 comfortably overtook 2016 totals.

One of the main ingredients in the production of steel, requiring 0.7 tonne of coking coal and 1.5 tonnes of iron ore to produce one tonne of steel, seaborne trade in coking coal was 295m tonnes in 2017. Increases in demand for steelmaking raw materials saw front-month volatility in coking coal reach 87% in 2017, with prices ranging between $141 and $265/tonne.

With buyers in Japan and Korea now moving away from contract pricing and towards increased spot purchases, FIS can offer hedging tools including the Virtual Steel Mill concept where all commodity inputs – as well as outputs – can be traded as futures.

FFAS

FFAS

FFAs offer owners, charterers and traders a means of protecting themselves against the inherent volatility of the freight market.
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Iron Ore

Iron Ore

Iron ore futures have emerged as the leading instrument for hedging and risk management for producers and consumers alike.
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Coking Coal

Coking Coal

Freight and iron ore options are used to provide a means of hedging that is closely related to physical positions.
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Steel & Scrap

Steel & Scrap

An indispensable building block of the global economy, changes in the steel market have driven demand for risk management.
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Base Metals & Premiums

Base Metals & Premiums

FIS has expanded its metals market coverage to include the most liquid copper and aluminium premium contracts on CME.
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Fuel Oil

Fuel Oil

Consumers, suppliers and traders can use Fuel Oil Futures to cheaply and simply fix the price of their future bunker fuel needs.
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Fertilizers

Fertilizers

Fertilizer Futures provide a risk management tool which can be traded standalone or combined with freight and other commodities.
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Physical Shipping

Physical Shipping

FIS offers a range of services for clients requiring a bespoke approach to their raw material and shipping requirements.
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