Port terminal cranes and berthed vessel at night

Moleculesmove.Capitalfollowsthe barrel

Hermes Management is a Swiss trading and investment house for energy and metals. Since 1990, we have traded, financed and acquired across the commodities value chain – from crude oil and non-ferrous metals to rare earths, mining assets and energy infrastructure.

Brent crude76.24USD/bbl 0.69%/
ICE gasoil(ind.)738.32USD/mt 0.75%/
TTF natural gas25.59EUR/MWh 1.23%/
CEE baseload power(ind.)105.23EUR/MWh 1.29%/
EU carbon (EUA)(ind.)68.61EUR/t 1.67%/
HVO class II(ind.)1,376.89USD/mt 0.44%/
LME copper10,690.31USD/t 0.26%/
LME aluminium2,811.81USD/t 0.06%/
LME nickel(ind.)17,058.45USD/t 0.20%/
LME zinc(ind.)2,910.47USD/t 1.06%/
Cobalt standard grade(ind.)18.00USD/lb 1.01%/
NdPr oxide(ind.)90.55USD/kg 1.51%/
Lithium carbonate CIF(ind.)11,425.84USD/t 1.15%/
Gold spot2,610.22USD/oz 0.05%/
Brent crude76.24USD/bbl 0.69%/
ICE gasoil(ind.)738.32USD/mt 0.75%/
TTF natural gas25.59EUR/MWh 1.23%/
CEE baseload power(ind.)105.23EUR/MWh 1.29%/
EU carbon (EUA)(ind.)68.61EUR/t 1.67%/
HVO class II(ind.)1,376.89USD/mt 0.44%/
LME copper10,690.31USD/t 0.26%/
LME aluminium2,811.81USD/t 0.06%/
LME nickel(ind.)17,058.45USD/t 0.20%/
LME zinc(ind.)2,910.47USD/t 1.06%/
Cobalt standard grade(ind.)18.00USD/lb 1.01%/
NdPr oxide(ind.)90.55USD/kg 1.51%/
Lithium carbonate CIF(ind.)11,425.84USD/t 1.15%/
Gold spot2,610.22USD/oz 0.05%/
Market snapshot · live where listed
Crude & productsGas & LNGPowerCopperRare earthsTrade financeCrude & productsGas & LNGPowerCopperRare earthsTrade finance

02 / Our position

Anyonecanquoteaprice.Veryfewcanliftthecargo,cleartheborder,holdthecreditandstilldeliveronthedaytheypromised.

That gap is the business – and the reason our capital and our barrels travel together.

03 / Inside a trade

Frommoleculetoposition

Refinery units lit at night
01

Source the molecule

01

Source the molecule

Term and spot supply from producers, refiners and traders we have worked with for years – contracted before it is offered on screen.

Product tanker at sea
02

Move it

02

Move it

Freight, tankage, warehouse and border clearance arranged cargo by cargo, so the route is chosen for the trade rather than inherited from an asset.

Rail tank cars at a loading terminal
03

Hedge it the same day

03

Hedge it the same day

Every physical position is priced off a curve and covered the day it is struck. Flat price is never the trade.

Bonded warehouse with stacked metal
04

Finance it

04

Finance it

Prepay, borrowing base and structured credit secured by the cargo itself – our capital and our barrels travel together.

04 / Market view

Thecurveswetradeagainst

Every physical position is priced off a curve and hedged the day it is struck.

Full market board

Brent crude

76.24USD/bbl

Six-month curve · live where a listed proxy exists

  • ICE gasoil(ind.)738.32USD/mt
  • TTF natural gas25.59EUR/MWh
  • CEE baseload power(ind.)105.23EUR/MWh

05 / Network

Whereourcargoesactuallygo

We trade across the Atlantic basin, the Gulf and Asia-Pacific, contracting tank, warehouse and freight capacity per cargo rather than owning it. The route matters as much as the price.

Logistics and infrastructure

Trade regions

Atlantic basin · Gulf & Indian Ocean · Asia-Pacific

Typical load points

North-West Europe · Baltic · West Africa · South America · Australia

Head office

Aubonne, Switzerland

HoustonSantosAntofagastaRotterdamAubonneGdańskLagosDurbanFujairahSingaporeShanghaiPort Hedland

06 / Proof, not promises

Whatownershipactuallychanged

Positions from the portfolio, and the specific thing our capital, network or operating time made possible.

Lab to line

downstream processing know-how commercialised at industrial scale

Turning a laboratory breakthrough into an industrial standard

CIM® monolithic columns solved a purification problem the biopharma industry had accepted as a bottleneck. Our role was unglamorous: financing capacity, professionalising the commercial function and letting the science travel from a Slovenian lab bench to production lines purifying viruses, plasmid DNA and large proteins worldwide.

BIA Separations in full
BIA Separations d.o.o. logo
Sector
Life sciences technology
Geography
Slovenia

Leaders in monolith chromatography.

07 / Where our capital works

Portfoliocompanies

Explore the portfolio
KOS Defence logo
NIR logo
Neuroendocrinology Letters logo
Gas Industries logo
D & G Holding logo
DMJ Petrochemicals logo
Crosshill Finance logo
CLF Poland logo
BIA Separations d.o.o. logo
Krofo International logo

08 / Perspectives

Howwereadthesemarkets

All perspectives
Discipline before opportunity.Discretion as standard.Relationships measured in decades.Discipline before opportunity.Discretion as standard.Relationships measured in decades.

Ifyouown,produce,moveorfinancecommodities,weshouldtalk.

Speak with us