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The commodity trade giants continue to trade in billions in the cooling market

In the less volatile market environment, the world’s leading commodity traders still make high profits historically.

What happenedSenior executives and bankers of the largest trade role indicated that while profits are expected to be 2024 and Q1 2025 less than the years of prosperity 2022-2023, they remain higher than almost any other time in history.

These commercial homes, some of the largest companies in the world, have an annual rotation, a big surprise since the invasion of Ukraine and the subsequent energy crisis, Reports Bloomberg.

The four traders owned by the private sector- Vitol Groupfor Trafigura collectionfor Mercuria Energy Group Ltd. and Gunvor Group Combined profits were reported exceeding $ 50 billion in 2022 and 2023.

Despite the decline in severe fluctuations and high prices for 2022, the industry continues to take advantage of trade flow disorders, definitions, sanctions and crisis in the Red Sea. The main players have also started to see revenues on billions of dollars in assets and diversification in new markets.

Also read: TMC pushes to “the fastest track for commercial production” despite the environmental risks

Why do it matter: The continuous profitability of these commodity traders confirms the elasticity of the sector in the face of global crises.

The conquest of Ukraine and the subsequent energy crisis provided a big boost to these companies, and they were able to maintain high profits even with the stability of the market.

Their ability to adapt to the changing market conditions, benefit from trade flow disturbances, and diversify new markets to continue to prosper.

This indicates that these companies are in a good position to move in cases of uncertainty in the market in the future and continue to provide strong returns.

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Market news and data brought to you benzinga Apis

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