The relentless progress of commodity exchanges in the establishment of primary commodity prices

Marian Radetzki

Resources Policy, 2013, vol. 38, issue 3, 266-277

Abstract: A continuously expanding group of commodities are being priced on commodity exchanges. This paper explains the causes to the increasing preference of exchanges as pricing instruments. It also provides the detail of the shift in the 1970s and 1980s from producer determined prices to prices set by commodity exchanges for three major commodities—aluminum, nickel and petroleum.

Keywords: Price determination; Commodity exchanges; Aluminum; Nickel; Oil (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:38:y:2013:i:3:p:266-277

DOI: 10.1016/j.resourpol.2013.04.001

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