European stainless flat product prices continued to rise in September, despite end-user demand remaining subdued. Buyers report that the European mills are bullish about achieving further increases in the coming months, driven by the need to recover higher input costs. Stainless scrap prices are...
https://www.hellenicshippingnews.com/european-stainless-prices-increase-amid-limited-imports/
Agricultural producers’ sentiment declined for the second month in a row, as the Purdue University/CME Group Ag Economy Barometer index fell 9 points to a reading of 106 in September. Producers expressed concern about their current situation as well as future prospects for their farms. The Current...
Chicago soybean futures rose on Wednesday as the U.S. dollar eased from 11-month highs, but prices remained near their lowest since 2021 amid signs of a better-than-expected U.S. harvest and rapid planting of crops in Brazil. Corn prices also gained but wheat fell. FUNDAMENTALS * Most-active...
https://www.hellenicshippingnews.com/soybeans-recover-some-ground-as-us-dollar-eases/
Aluminium price on the London Metal Exchange is gradually gaining strength. The average price in September was roughly $2185 per tonne, up by 2.2% versus the average seen in August. Do note that the average price in the September quarter is still 4.4% lower sequentially. This suggests that there is...
https://www.hellenicshippingnews.com/aluminium-prices-up-in-sep-but-not-enough-to-delight-investors/
Bursa Malaysia Derivatives Exchange (BMD), known for offering the most liquid crude palm oil futures in the world, is planning to launch soyoil futures in the first quarter of the next year, a senior exchange official said. The exchange has been working on finalising the contract specifications,...
https://www.hellenicshippingnews.com/worlds-biggest-palm-oil-exchange-sets-sights-on-soyoil-futures/
Indonesia’s Palm Oil Association (GAPKI) expects a 5% increase in the country’s output of the commodity thisyear and sees stocks at around 3.2 million metric tons by the year’s end, secretary general M. Hadi Sugeng told reporters on Tuesday. GAPKI estimated 2023 output of crude palm oil to reach 49...
https://www.hellenicshippingnews.com/indonesia-2023-palm-oil-output-seen-up-5-y-y-gapki/
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/