IKON Commodities Pty Ltd in Sydney, Australia | Local business

IKON Commodities Pty Ltd

Locality: Sydney, Australia

Address: Level 2, 70 Castlereagh Street 2000 Sydney, NSW, Australia

Website: http://www.ikoncommodities.com.au

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24.01.2022 At the end of May we looked at the ASX200 in the GFC period as well as the COVID crisis so far. We fear the latest rally is a false start and over the last two weeks the pattern in COVID continue to be consistent with the pattern in the GFC.

18.01.2022 Weekly ethanol production for the week ending 22nd of May increased to 724 kbpd from 663 kbpd week prior - marking the 4th consecutive week of increased production but much lower than pre-pandemic levels (Chart 1). However, Apple Mobility Trend data suggests otherwise with driving reported at levels of pre-pandemic (Chart 2) - potentially signalling quicker recovery of ethanol than initially anticipated (https://www.apple.com/covid19/mobility).

13.01.2022 The current recovery of ASX following the COVID drop looks very similar to the initial recovery after the GFC drop (see chart of ASX S&P200). Risk is now that the recovery is a false start like we saw in the GFC.

02.01.2022 IKON Commodities are pleased to announce Kristen Hopkins has joined the team and will focus on adding an exchange traded futures and options brokerage capability to the IKON portfolio. Kristen has over 15 years’ experience in business development, helping institutions trade financial markets, holding positions in Singapore, Dubai and Sydney working for companies such as ASX, INTL FCStone, MF Global, GFI Group and Reuters. Kristen has been active in servicing clients in the Au...stralian grain industry with their commodity price risk management requirements since 2010 for both the ASX and INTL FCStone. At the ASX, in the Energy and Commodities team, he championed the strategy for ASX Grains Futures. At INTL FCStone he serviced institutional clients hedging needs across an array of agricultural commodities and FX, both exchange traded and OTC. See more