An Overview And Market Size Of The Tradable Market 2018
Tradable marketsare eyed by everyone involved in trading. Today, the make a sizeable portion of the total commodity exchanges globally. Overall, the market today contains many tradable commodities. In fact, tradable commodities alone are worth trillions of dollars.
Let’s just say that the tradable market is worth a lot today!
Tradable markets comprise of ‘tradable commodities’.
Moreover, all commodities are not tradable. This gives birth to the notion of tradable commoditiesvs. non-tradable commodities.
Since we have already covered what tradable commodities essentially are, we move on to the next section; What are the most tradable kind of commodities today?
Metals, grains, livestock, agriculture and others are commodities that come under the category of ‘most tradable commodities’.
On the other hand, non-tradable commodities are ones that cannot be exchanged across countries or borders. Certain types of commodities that are considered non-tradable include, say, a special kind of wine that has a 2 day expiry left or special flowers from an NYC district that can only last for a day.
Tradable Markets: An Overview
Tradable commodities have been traded for a very long time now.
Furthermore, trading of tradable commodities began decades ago. Today, they are one of the most tradable kinds of commodities.
There are many ways through which you can trade in tradable commodities. Some of these include futures, exchanges, OTC’s and others.
On the other hand, the most popular tradable commodity exchanges today are:
- New York Mercantile Exchange (NYMEX)
- London Metals Exchange (LME)
- Chicago Mercantile Exchange (CME)
- Tokyo Commodity Exchange (TOCOM)
The most tradable commodity of 2018 is oil. Additionally, the oil market is also bigger than all of the tradable commodity markets combined.
Oil is one of the most commonly traded tradable commodities in the world. Metals aside, nobody can top the size of oil at the moment.
Moreover, the price of one barrel of oilis quite high as of 2018. Oil production per year is said to be about 34 billion barrels, whereas, the size of oil market alone is $1.7 trillion per year.
That’s a lot right?
On the other hand, the worth of other tradable commodities today is:
- Gold- $170 billion
- Copper- $90 billion
- Silver- $20 billion
- Nickel: $21 billion
- Manganese: $30 billion
- Other metals: $67 billion
Furthermore, by this, you can get a clear idea about how exorbitantly high the size of the tradable commodity market is today.
Consequently, combined with all other tradable commodities, the total amount of these commodities account for about $660 million of the total commodity market share. However, that is also just a small fraction of the total size of the oil market.
Additionally, the most tradable commodities of today are:
- Crude oil
- Heating Oil
- Natural Gas
- RBOB Gasoline
An overview of the tradable market in 2018 suggests that it is by far one of the most leading markets in the world today.
Tradable commodities make a significant share of the commodity markets. Moreover, tradable commodities trade excessively and by in large today. The truth is that they are one of the most tradable items in 2018.
Trading commodities offer many benefits. In fact, that is the reason why they are so popular today.
At The Tradable, we offer insights on tradable commodities, markets and others. Stay tuned with us for more updates.