• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Israel Defense Forces: Interceptors have been launched against suspected aerial targets in southern Lebanon; forces are in operation.Kuwait Airways: Flights to and from Riyadh on Saturday have been cancelled due to the closure of Riyadh Airport.On October 10th, witnesses reported an explosion at Terminal 3 of King Khalid International Airport in Riyadh, the Saudi capital, in the afternoon, prompting an evacuation of passengers and staff. Flight tracking website Flightradar24 reported no flights taking off or landing at the airport, with some flights bound for Riyadh diverted or returned to their origin. King Khalid International Airport has issued a passenger advisory, advising travelers to contact their airlines and confirm flight status before traveling to the airport.The European-Mediterranean Seismological Centre reports a 5.5-magnitude earthquake in the Panama region.October 10th - EU leaders will discuss a scaled-down budget proposal when they meet in Brussels next week. This comes after negotiators significantly reduced their initial proposal under pressure from some countries. Ireland, holding the rotating EU presidency, presented a compromise on Saturday regarding the EUs next seven-year budget, cutting approximately €160 billion ($179 billion) from the European Commissions €2 trillion proposal last year, to a nominal value of €141 billion. Irish Minister for European Affairs Thomas Byrne stated that the latest proposal represents a reduction of about 8% from the initial plan, opening the door to the next phase of negotiations. "We listened carefully to all member states. We worked with them to identify their priorities," Byrne said on Saturday. "No proposal can satisfy everyone."

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.