trader commodities

trader commodities

the influence of the trader commodities on the world economy is constantly increasing, and their business in the past few decades has become a really large-scale. Take, for example, only two players in the market - oil trader Vitol, Trafigura. Taken together, last year they sold 8.1 million barrels of oil per day. About the same is the oil exports of such major oil exporter, after Saudi Arabia and Venezuela combined.
Another company commodities trader, Glencore, in 2010 the control of 55% of the total trading on the world market of zinc and 36% of the total traded copper. Stubbornly prefer to stay in the shadow of a company Vitol in 2010 owned more than 200 tankers and storage facilities on five continents, and showed revenues of $195 billion. This is more than twice what earned on the sale of his gadgets Apple.
Many trader commodities have positions at the cost of several million dollars, or possess large amounts of metals or oil in tankers, which can throw out on the market in the event of a deficit. But often, these companies are not just sell oil or metals, but they produce or store raw materials, possessing the producing mines, tankers, oil and gas storage facilities, pipelines and ports.
But the connections and knowledge of the internal situation make them influential trader of commodities, especially in fast-growing markets in Asia, Latin America and Africa. Trading companies are increasingly not just become a part of the «food chain» and are engaged in the supply of other production companies, as it was originally conceived, but even its create and maintain this chain them in the right form.
As a result, the profits that are commodities trader, can be truly great, that is directly reflected in the income of individual employees. The income of those who work on commodities trader, can be more than twice what they pay their employees the banks on wall Street. Swiss trader Glencore, which in may of 2011 held a placement of its shares in London, paid some traders bonuses, measured in the tens of millions of dollars, and the CEO of Glencore Ivan Ãëàçåíáåðã an IPO of its companies has been enriched by approximately $10 billion.

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