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What are commodities

LEO

Oct 25, 2021 13:27

Commodities refer to raw materials that are extensively used in industry or agriculture, 

and are purchased and sold on a wholesale rather than retail basis. 


Commodities are generally classified into three categories:

1. Energy – including crude oil, natural gas, etc.

2. Basic raw materials – including gold, silver, copper, aluminum, etc.

3. Agricultural products – including sugar, corn, soybeans, etc.


Characteristics of international commodity trading:

First, the price fluctuates greatly and there are many trading opportunities.

Second, the international bulk commodity trading market is a mature financial market, and the prices of bulk commodities are not affected by individuals or institutions, and prices are open, fair and just.