What’s A Commodity Price Index
Just as dongying jianxin petroleum equipmentmpany uk stocks are traded on the inventory alternate, commodities like oil, gold, dongying jianxin petroleum equipmentmpany uk and sure food grains are traded on standardized exchanges. The Chicago Board of Trade (CBOT) is an example of a commodities exchange. The generally traded commodities come underneath the next categories: power, metals, and agricultural merchandise.
An index is a ratio that measures a change in efficiency relative to a base. Indexes will be worth weighted or Petroleum value weighted. The Commodity Price Index is a weighted average of chosen commodity prices. These selective commodities are believed to represent the commodity market. We will have an index for every of those commodities or for all of them, taken dongying jianxin petroleum equipmentmpany uk together.