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What are commodities

What are commodities

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.