SSY Futures brokers 1st CME Cleared Lithium Hydroxide Option

SSY, the world’s largest independent shipbroker has today announced that its commodities arm, SSY Futures, a leading broker in Battery Materials derivatives, has brokered the first CME cleared option in the fast growing Lithium Hydroxide Market.

The option, which covered against exposure to higher pricing in Q1 of 2024 was arranged between two participants in the Lithium Hydroxide futures market, one of which was a European Bank.

Speaking on today’s announcement, SSY Partner, Ben Taylor comments: “The rapid development of options trading in the Battery Materials market evidences the importance participants are placing in this dynamic and volatile market by managing their risk exposure via industry benchmark pricing mechanisms.”

Duncan Dunn, Senior Director, SSY Futures continues: “After twenty years of developing the product offering at SSY Futures, it’s great to see we’re still leading the way. With Carbon Offsets and Battery Materials joining our traditional freight and commodity offering, we are not only future proofing the business but aligning ourselves with a more sustainable future.”

The CME cleared options are priced against the Fastmarkets Lithium Hydroxide Index pricing basis CIF China, Japan and South Korea.


SSY Press Contact: Michael Mervyn-Jones


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