Market Data Analyst Metals & Minerals

Kpler

At Kpler, we are dedicated to helping our clients navigate complex markets with ease. By simplifying global trade information and providing valuable insights, we empower organisations to make informed decisions in commodities, energy, and maritime sectors. Since our founding in 2014, we have focused on delivering top-tier intelligence through user-friendly platforms. Our team of over 700 experts from 35+ countries works tirelessly to transform intricate data into actionable strategies, ensuring our clients stay ahead in a dynamic market landscape. Join us to leverage cutting-edge innovation for impactful results and experience unparalleled support on your journey to success.

Qube Research & Technologies

Role Summary  Build and maintain data-driven end-use demand models across global metals markets, translating sector-level insights into actionable views for trading and investment.    Core Responsibilities  1. Demand Modelling  * Develop bottom-up end-use demand models (starting with China, then globally and covering major regional markets) across key sectors (e.g. real estate, transportation, power generation and distribution, infrastructure, data centres / AI, appliances).  * Conduct intensity analysis and forward demand projections, adjusting for cyclical effects (e.g. demand destruction vs deferral).  * Track inventories across the value chain using semi-finished and end-use data.  * Analyse capacity across end-use sectors to consume scrap vs refined metals.    1. Data Integration & Monitoring * Build scalable data pipelines integrating national statistics, industry data, company disclosures, and alternative data (e.g. shipping, customs, satellite).  * Generate model outputs programmatically, incorporating real-time and high-frequency macro data.  * Develop dashboards to present key high-frequency indicators in a clear, actionable format.  1. Market Analysis & Insights * Identify market inefficiencies and relative value opportunities across commodities and regions.  * Perform scenario analysis incorporating macro, policy, and geopolitical factors.  * Support trading and portfolio positioning with timely, data-driven insights.    Key Requirements  Experience & Knowledge  * 5+ years’ experience in metals/commodity research, with strong focus on first-use and end-use demand.  * Deep understanding of downstream sectors and global metals value chains.  * Familiarity with scrap markets, trade flows, and industry dynamics.  Technical Skills  * Advanced Python programming (model development, data pipelines).  * Strong SQL proficiency.  * Experience working with large, multi-source datasets and real-time data systems.  Other Skills  * Strong analytical and problem-solving capabilities.  * Ability to operate in a fast-paced, collaborative environment.  * Excellent communication skills (written and verbal, English).

IMC

IMC is a global market maker, using advanced technology and sophisticated strategies to trade across major financial markets. With offices in Amsterdam, Chicago, and Sydney, we combine deep market expertise with cutting-edge systems to provide liquidity around the clock. Our China Commodities desk trades a broad range of products across China's commodity markets, spanning energy, precious metals, and base metals. Combining market expertise, research, and technology, we identify and capture opportunities across one of the world's most significant commodity ecosystems. As we continue to expand this business, we are looking for an experienced Commodities Trader to develop and execute China-focused trading strategies. Working closely with analysts, quantitative researchers, and technologists, you will help identify opportunities, manage risk, and drive the growth of the desk. Your Core Responsibilities:  * Develop, execute, and scale profitable trading strategies across Chinese commodities markets (e.g., energy, precious metals, base metals). * Trade futures and related derivatives on major Chinese exchanges (SHFE, DCE, ZCE, INE, GFEX) and relevant offshore venues. * Integrate fundamental research, macroeconomic analysis, and geopolitical developments into trading decisions. * Partner closely with the Commodities Analyst team to incorporate insights on supply/demand dynamics, inventory trends, shipping flows, regulatory developments, and government policy into actionable strategies. * Identify and position around upcoming market catalysts, volatility events, and structural dislocations. * Generate directional and volatility-driven trade ideas based on global and domestic Chinese market intelligence. * Work alongside quantitative researchers and technologists to refine execution, enhance data-driven decision-making, and scale systematic components of strategies. * Actively manage risk, including exposure to macro events, liquidity shifts, regulatory changes, and cross-border dynamics. * Contribute to continuous improvement of research frameworks, dashboards, and trading tools in collaboration with the Analyst and technology teams. Your Skills and Experience:  * Proven track record trading Chinese and/or global commodities futures and derivatives with consistent risk-adjusted returns. * Strong understanding of Chinese commodity markets, macroeconomic drivers, and geopolitical influences. * Deep knowledge of Chinese exchange rules, margin frameworks, and regulatory environment. * Demonstrated ability to translate fundamental and macro analysis into clear trading positioning. * Experience collaborating with analysts, quantitative researchers, and developers in a data-driven trading environment. * Strong risk management discipline and ability to trade around event-driven volatility. * Familiarity with Python, SQL, Bloomberg, or other analytics platforms is advantageous. * Ability to operate decisively in a fast-paced, competitive trading environment. About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.