Glencore is the largest metal trader in the world, which is unshakable. Economies of scale are too big to fail, with fixed net assets reaching more than 40 billion US dollars, which is larger than any industrial and trade enterprise in China. Therefore, the people who closed down at Glencore last year did not understand the principle of demand at all, so it is impossible for Glencore to close down. The characteristic of Glencore is that its traders are industrialists. Before 20 1 1, Glencore can greatly increase the proportion of fixed assets, and after the acquisition of Xstrata, the proportion of fixed assets will be increased to over 50%. Therefore, Glencore is already a mining giant dressed as a commodity trader.
ABCD doesn't introduce too much, it's too famous, and Google will know it at once.
According to Vitol, Vitol is the largest independent crude oil trader in the world, which once shocked Wall Street in the United States, but its scale is actually much smaller than Glencore. In terms of revenue in 20 14 years, Vito can rank eighth in the world, second only to Wal-Mart, Shell, PetroChina, Sinopec, Saudi Aramco, ExxonMobil and State Grid, but its scale is actually much smaller than these super giants. Vitol employs about 5,000 people, with net assets of about 654.38+0 billion dollars and annual net profit of about 654.38+00 ~ 654.38+0.5 billion dollars. Surprisingly, Vitol has never lost money in the past 20 years, and its profitability is stable, which is inseparable from Vito's low-key and secretive style. Vito has formed his own ideas and hedges.
Trafigura has a subsidiary in Shanghai, and is the nearest commodity trader in China, with comprehensive information disclosure. Ranked in the top 60 of the world's top 500 for a long time, with a profit rate of about 1 point. A typical light asset operator, with a fixed asset ratio of less than 7% and few net assets, has a very high return on assets, with about 6,000 employees, most of whom are from Asia.
Gunnvor has a Russian government background, but it has nothing to do with Putin's Ministry of Finance, which is widely rumored on the Internet. Gunnvor is second only to Glencore, Vito and Trafigura. We can refer to Glencore and Tok, and estimate that Gunnvor's revenue is about $654.38+000 billion, and its net assets will not reach $6 billion according to my judgment.
Mercuria is equivalent to a smaller Tok, with a joint venture in Chinese mainland, and China enterprises hold about 65,438+02% of the shares of Mercuria.
Among commodity traders, Cargill and Glencore have the largest scale and the most outstanding strength. Cargill has 654.38+0.2 million employees, Glencore has 654.38+0.6 million employees, which is the real giant, followed by ADM, while Vito, Tok, Gunnvor, Mokerui and Bunge will not have a high market value because they have not opened up the industrial chain. There is also a very low profit margin in the trading industry, usually less than 1 point.