The premium for Japanese aluminium shipments for the fourth quarter was set at $97 per metric ton, down 24% from the prior quarter, as demand remained dull at home and abroad, five sources directly involved in pricing talks said. The figure is lower than the $127.5 per ton paid in July to September...
Grain prices have been in freefall of late as investors bet on a resurgence of supply from the U.S., Russia and Ukraine — but veteran strategist David Roche disagrees. Contrary to market consensus, Roche, president and global strategist at Independent Strategy, expects a 13-15% annual increase in...
Russian wheat export prices maintained their levels last week in the face of a tacit minimum delivery price restriction while international markets declined and domestic markets were under pressure from a strong harvest. The price of 12.5%-protein Russian wheat scheduled for free-on-board (FOB)...
Copper prices in London fell to their lowest in more than four months on Tuesday as a firm dollar made metals priced in the greenback more expensive to holders of other currencies. Three-month copper on the London Metal Exchange CMCU3 shed as much as 0.6% to $8,005.50 per metric ton, the lowest...
https://www.hellenicshippingnews.com/copper-hits-over-4-month-low-on-firm-dollar/
A new report by IEEFA India and JMK Research and Analytics demonstrates why Australian metallurgical coal miners shouldn’t get overexcited by the outlook for exports to the subcontinent. India is seen by coal miners as the key future export destination, with steel demand set for significant growth...
Malaysian palm oil futures traded lower on Monday, extending losses for a second session trailing weakness in Chicago soyoil as the Chinese closed for a long holiday. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange fell 65 ringgit, or 1.73%,...
China’s coal-rich province of Shanxi saw its raw coal output near 900 million tonnes in the first eight months of this year amid efforts to increase production to ensure supply, local authorities have said. The coal output in Shanxi, the country’s largest coal-producing region, surpassed 898...
European wheat futures ticked down on Monday, stabilising after an earlier three-week low as a weaker euro and a rebound in Chicago futures cushioned the impact of Friday’s slide on the U.S. market. December wheat BL2Z3 on the Paris-based Euronext was down 0.2% at 235.00 euros ($246.87) a metric...
https://www.hellenicshippingnews.com/paris-wheat-ticks-down-but-weaker-euro-underpins/
Pakistan’s largest coal miner Sindh Engro Coal Mining Co (SECMC) expects to boost its output by 51.3% in 2024, its Chief Executive told Reuters, as the south Asian economy seeks to reduce imports, cut fuel costs and shore up its finances. Faced with a crippling foreign exchange crisis, the Pakistan...
Global sugar consumption in the season that starts in October is projected to be 290,000 metric tonnes larger than the global production of the sweetener, as the sizeable Brazilian crop is more than offset by weather-hit crops in Asia. According to projections released on Friday by broker and...
https://www.hellenicshippingnews.com/global-sugar-supply-expected-at-slight-deficit-in-2023-24/