Citi has had a few good years in commodities globally, and Asia is no exception. Since the 2009 sale of US-based commodity trader Phibro, Citi has steadily rebuilt its commodities franchise, coming within touching distance of the top three global banks and winning a flurry of Energy Risk awards in the process. In the past 18 months, it has snapped up trading books from other banks that have retreated from commodities: Citi bought Deutsche Bank's oil, metals and power books in three separate