Commodity trading hits new high of S$28b in 2017

Singapore

COMMODITY trading hit a new high of S$28 billion in local business spending and hired more than 15,000 professionals last year, representing a 2.7 per cent compounded annual growth rate over the past five years.

This came on the back of strong demand growth from key markets such as natural gas, nickel and copper, which is driving increased investments in the sector. Last year, the sector generated close to US$1.2 trillion in turnover.