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The Trading Houses Moving 2 Billion Tonnes of #Commodities
When people talk about commodities, they often picture producers.
Saudi aramco, Rio Tinto, ExxonMobil and Shell.
But the system runs on a different layer.
Merchants!
The firms that finance, store, blend, insure, hedge, and physically deliver the world’s commodities.
These firms are the shock absorbers of the commodity system.
When markets break (wars, sanctions, droughts, refinery outages) they reroute flows and keep supply moving.
The next time you see a commodity price spike, ask a different question.
Which trader is holding the barrels, the ships, and the inventory when everyone else panics?
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