Four Bung

Four Bung was founded in August 2018 and was registered in China with paid-in capital of 192 million USD (1.22 billion CNY). It primarily engages in the trading of energy, chemical, agricultural products and other bulk commodities, as well as financial derivatives transactions. In 2020, the company had 4.091 million tons of commodity sales, creating 3.17 billion USD (20.089 billion CNY) of revenue. In 2021, the company had 6.54 million tons of commodity sales, creating 6.9 billion USD (46.656 billion CNY) of revenue. It has offices in Houston, Hangzhou, Hong Kong, and Singapore. Four Bung USA focuses on international and domestic (US) commodity trading in addition to import, export, and transit trading. Four Bung is a subsidiary of 杭州热联集团 Hangzhou CIEC Group (CIEC). CIEC is a state-owned company that has been specializing in international and domestic (China) commodity trading and industrial services for more than 20 years. At present, its business scope has covered 49 countries and regions around the world.