Run me through a typical physical crude/products/gas/ base metals trade.
Hi all. I'm a university student looking to breaking into physical commodity trading. Hoping some current or former traders would be happy to chronologically run me through a typical "trade" or "deal," covering pricing, logistics, finance etc.
Would also be interesting to hear, seperatley, how offtakes are put together.
I have read a post titled "Physical Commodity Trading Basics" parts 1 and 2 which was informative but the language was quite technical and a lot of abbreviations were used so I'm hoping someone could offer a fairly detailed explanation in simpler English.
It is late so I am not going to write up a long piece right now on the trade process, maybe tomorrow if it is a slow day at the office.
But I will say this, a good analyst at the junior level is someone that is resourceful and can do things such as take the info from the post you read and google around to find out what the abbreviations mean. The answers are out there. You might have to read 10 pages to find the answer to one of your questions, but it is out there. Not trying to come across as a dick here, just some words of advice from someone that was breaking into the industry not long ago.
Thanks for the advice. Will try and dig a little deeper
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