China’s aluminium output climbed to a second straight monthly record in August at 3.51 million tonnes, up 9.6% from the same month a year earlier, as new production capacity came on line, more than offsetting curbs on power use in some areas. August’s production rose 2.3% from 3.43 million tonnes...
U.S. wheat futures slipped in early Asian trading on Monday, pressured by Ukrainian supplies under a deal brokered by the United Nations and Turkey, and concerns that a global recession would dampen demand. Soybean and corn prices were firmer in choppy trading after four straight sessions of...
https://www.hellenicshippingnews.com/wheat-slips-as-ukrainian-supply-recession-fears-weigh/
Since Russia’s invasion of Ukraine began, exports of grain from Ukraine, as well as food and fertilizers from Russia, have been significantly hit. The disruption in supplies pushed soaring prices even higher and contributed to a global food crisis. The Black Sea Grain Initiative, brokered by the...
U.S. soybean exporters have a respectable sales record to start the new marketing year, but the shrinking U.S. crop, questionable Chinese demand and South American competition are all threats for future bookings. The same factors pressure U.S. corn exports, though the latest sales levels are...
https://www.hellenicshippingnews.com/u-s-data-dump-reveals-decent-soybean-dull-corn-export-demand/
China is expected to enforce winter steel output cuts in the country’s northern region as a way to reduce smog. However, these cuts to be implemented in the fourth quarter are unlikely to reduce China’s crude steel output on a large scale, raising oversupply concerns that could weigh on steel...
China’s raw coal output posted stable expansion in August, official data showed. The country produced 370 million tonnes of raw coal last month, up 8.1 percent year on year, according to the National Bureau of Statistics. In the first eight months of 2022, the output was 11 percent higher than a...
https://www.hellenicshippingnews.com/china-coal-output-up-8-1-pct-in-august/
Recently, the negative macro front has weighed on the futures prices of ferrous metals. Under the support of fundamentals, iron ore prices rose in early trading session today, but after the National Bureau of Statistics released the August data on real estate sector at 10:00 a.m., iron ore prices...
https://www.hellenicshippingnews.com/iron-ore-prices-fell-due-to-weak-data-on-real-estate-market/
On the eve of sowing what could be a record 150 million-tonne soybean crop, Brazilian farmers are optimistic after a drought spoiled part of last season’s output, input costs soared and Chinese demand weakened. Jose Soares, a grower in Mato Grosso, sees domestic production potentially recovering...
https://www.hellenicshippingnews.com/brazils-soy-growers-upbeat-on-new-crop-as-planting-imminent/
The Biden administration announced new actions Sept. 15 to prioritize the purchase of low-carbon-emissions construction materials, including steel, for use in federally funded projects. The federal government will prioritize the purchase of steel, concrete, asphalt and flat glass that have fewer...
The Middle East and North Africa (MENA) region is in a prime position to start producing carbon-neutral or green steel, a new report from the Institute for Energy Economics and Financial Analysis said. “The MENA region can lead the world if it shifts promptly to renewables and applies green...
https://www.hellenicshippingnews.com/mena-can-lead-the-world-in-green-steel-production-report/