metal commodity prices
Market of non-ferrous metals is a complex system, which includes geographically distributed over-the-counter market, localized exchange market, as well as futures and options markets. Most of the contracts are concluded, bypassing the stock exchange. But the prices, indicated in they, are tied to the metal commodity prices. Like all commodities, non-ferrous metals have such properties as homogeneity, mutually заменимость, the possibility of establishing a quality standard.
Exchange - the wholesale market, trade in which is carried out in the form of public vowels trades. On the exchange operations can be undertaken on the sale of real goods with its immediate delivery, delivery in the future (forward transactions), transactions on the sale of standard contracts (futures transactions) and other types of transactions. The most widespread in the modern stock exchanges has received the practice of futures deals, when the contracts are being concluded for the delivery of specified quantities of goods at a pre-agreed prices. The futures commodity exchange performs pricing role as an active instrument of finding economically reasonable prices.
The basic principles of stock trading is for sale with deferred payment and trade on samples, i.e., not the physical transfer of the goods from the seller to the buyer, and the coordination of the prices, good both.
Modern exchange can be divided into stock and commodity. Among the commodity exchanges are allocated specialized and universal.
International exchange trading is concentrated mainly in the us, UK and Japan. It is in these countries are the main centers of non-ferrous metals trade.
On the exchange Commodity Exchange in new York conducted operations with copper, aluminium, gold, silver, and indices of the shares. On the London Metal Exchange are conducted operations with aluminum, copper, Nickel, tin, lead and zinc. Japan's largest stock exchange is the Tokyo commodity exchange. It conducted operations with precious metals (gold, silver, platinum). In addition, the trading of non-ferrous metals production is conducted on the Shanghai futures exchange, the Brazilian commodity-futures exchange, new York Mercantile exchange NYMEX, etc.
