Mercuria has grown rapidly since its creation nine years ago, also moving into agricultural products. Mercuria will be the first major entrant into the opaque industry since Freepoint Commodities LLC, run by former Sempra head David Messer, bought JPMorgan Chase & Co’s physical metal concentrates business last April in its first effort to expand beyond energy markets. He will start in January and will be based at Mercuria’s Geneva headquarters.Ī spokesman confirmed the company will expand into concentrates trading, but declined to comment on the appointment of Leon and plans to hire more traders. Leon, who previously worked for MRI Trading AG, the Swiss non-ferrous concentrate trader set up by Marc Rich, the founder of Glencore, will run the lead and zinc book, the sources said. Cigarette’s value is probably closer to 1.75 components.NEW YORK/SINGAPORE, Dec 12 (Reuters) - Mercuria plans to enter the fiercely competitive business of trading base metals concentrates, the company said, the latest move by one of the world’s biggest oil traders to expand into niche commodities markets and challenge bigger, diversified rivals.Ĭoming after its first foray into physical refined base metals trading 18 months ago, the Swiss-headquartered, privately owned trading house has hired a veteran trader, Jose Leon, to help set up a non-ferrous concentrates desk, three sources familiar with the matter told Reuters. This is an estimate done by selling 1 item at a time to the Trader (Franko) who comes at your door, so it may be undervaluing some of the low value items. Basic trade ratio is 0.8 and 0.95 with Katia(about 20% more). Item values fluctuate during events, and wood and firewood becomes more expensive (Fuel, Components, Wood cost about twice more) during the winter. Note that at different times of the year items may change in value. This War of Mine Traders Trading Items Values GuideĮach item has a certain value, typically Bandages at the high end while Clean Water is at the lower end.
0 kommentar(er)
