Assistant Manager, Power Trading
- Shanghai
- Permanent
- Full-time
Seeking an experienced Power Trader to manage BASF sites' power demand in China power wholesale markets (Guangdong, Jiangsu, Shanghai). Proactively mitigate trading risks and capture opportunities within regulatory frameworks. Optimize trading activities for cost efficiency and value creation while adapting to evolving policy dynamics.= Main Tasks =
1. Power Trading and Risk Management
- Identify trading opportunities in the market, trade in spot, Mid-to-Long term, and forwards/derivatives markets (when applicable)within BASF's authorized risk framework.
- Monitor market fundamentals (supply/demand, grid constraints, policy shifts) to identify optimization opportunities.
- Develop tools and processes by seeking for continuous improvement.
- Implement real-time analysis and reporting for the purpose of trading review and optimization
- Manage BASF operational sites' exposure to power prices across target markets.
- Execute PPA optimization/hedging strategies to secure cost-competitive energy for BASF operational sites.
- Develop price forecasts model by making use of fundamental analysis, statistical models, and tools.
- Analyze regional basis differentials and grid dynamics (e.g., Guangdong/Jiangsu/Shanghai markets).
- Partner with Site Operations teams to make sure the alignment between trading strategies and operational needs.
- Coordinate with Risk, Finance, and Accounting to ensure compliance and transparent P&L reporting.
- Work closely with external third-party trading service providers to monitor algorithms/strategies, execute day-to-day trades and implement structured solutions.
- Support decarbonization goals through trading of Green Power/Green Certificate and other renewable energy solutions
- Bachelor degree or above with a focus in Energy, Chemistry, Engineering, Business, Finance, or Mathematics.
- At least 3 years trading experience in Chinese power markets, with proven success in spot market provinces (Guangdong/Shandong/Shanxi). Proficiency in the use of trading platforms.
- Mastery of Python/VBA/others for data analysis/modeling, deep knowledge of regional grid structures, LMP mechanisms, and policy landscapes. Understand fundamental price drivers.
- Strong interpersonal communication skills to manage relationships with internal partners.
- Commodities trading experience (including renewables) is an advantage.
- Chinese native speaker and business level of oral & written English
- Analytical, highly motivated with ability to work on own initiative.
- Position requires flexibility in work hours and days due to market requirements
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If you suspect recruitment fraud and BASF is mentioned, first get in touch with at BASF.A unique total offer: you@BASFAt BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That's what we call you@BASF. Click here to learn more.A unique total offer: you@BASFAt BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That's what we call you@BASF. Click here to learn more.Working at BASF: We connect to create chemistryWe are proud of strong history of innovation, which has helped make us who we are today – the world's leading chemical company. Every day, our global team of over 120,000 individuals work together to turn visions for sustainable solutions into reality by connecting with one another and sharing our knowledge.The right people are crucial for our sustainable success. We aim to form the best team by bringing together people with unique backgrounds, experiences and points of view. Our differences make us stronger and more vibrant. And an open, creative and supportive work environment inspires us to achieve exceptional results.About BASFFind out what BASF has to offer as an employer and why you should join our team.Your applicationHere you find anything you need to know about your application and the application process.Contact usYou have questions about your application or on how to apply in Europe? The BASF Talent Acquisition Europe team is glad to assist you.Please note that we do not return paper applications including folders. Please submit copies only and no original documents.For BASF, diversity is one of the essential keys to business success and the well-being of our employees. We promote an inclusive culture that accepts the diversity of people, experiences and capabilities. By embracing talents and abilities of all kinds, we aim to boost creativity and motivation, and enhance our teams’ performance.Join the team and connect with more than 117,000 other minds.SHANGHAI,CN,200000BASF Asia PacificProcurementExperienced315201ATS_TALEO_APAC