China will sell 500,000 tonnes of imported soybeans from state reserves on May 27, the national grain trade centre said on Friday. China has been releasing soybeans from its reserves in weekly auctions recently, in an effort to boost supplies in the domestic market and cool down prices. Source:...
Third month palm oil futures on the Malaysian derivatives exchange rose as much as 4% during afternoon trade May 20 after Indonesia announced that a resumption of exports from the country will be accompanied by domestic market obligations forits palm oil producers. The August crude palm oil...
The Argentine government on Friday capped the volume of corn and wheat for the 2021/22 cycle that can be exported, in a bid to head off domestic grains shortages and tamp down rising food values in the country, which is battling high inflation. The government said that corn exports would be limited...
https://www.hellenicshippingnews.com/argentina-caps-corn-wheat-exports-in-bid-to-tamp-down-prices-2/
Global primary aluminium output in April was unchanged year on year at 5.599 million tonnes, data from the International Aluminium Institute (IAI) showed on Friday. Estimated Chinese production rose to 3.29 million tonnes in April from 3.257 million tonnes a year earlier, according to IAI data....
https://www.hellenicshippingnews.com/global-aluminium-output-flat-y-o-y-at-5-599-mln-t-in-april-iai/
U.S. coal employment swelled alongside higher demand since the summer of 2021, but total production volumes were flat for the past three quarters as producers struggle to make coal shipments. Production has been climbing along with an increase in demand amid higher natural gas prices, leading to an...
https://www.hellenicshippingnews.com/us-coal-employment-rising-but-production-is-flattening/
U.S. wheat fell for a third consecutive session on Friday, as traders continued to book profits after prices rallied earlier this week on India’s export ban and concerns over tightening global supplies. Corn slipped for a third session in four, while soybeans edged higher for a second day in a row....
https://www.hellenicshippingnews.com/u-s-wheat-extends-falls-after-recent-rally-corn-ticks-lower/
Indonesia’s Ministry of Energy and Mineral Resources has set its May thermal coal reference price — also called Harga Batubara Acuan, or HBA — at $275.64/mt, down $12.76/mt from April, due to an increase in world coal supply. China and India, the world’s two biggest coal consumers, increased their...
Global nickel usage surged by an extraordinary 16.2% last year on the back of booming demand from both the dominant stainless steel and fast-growing battery end-use sectors. The result was a supply shortfall of 168,000 tonnes, the largest production deficit in at least a decade, according to the...
China’s coal production has maintained a strong momentum since the beginning of 2022, with the domestic output of raw coal from January to April reaching a 10.5 percent year-on-year growth and achieving a double-digit growth for four consecutive months, new official data showed. Among the 10.5 percent growth, the production from the nation’s major coal …
The post China’s coal production achieves double-digit growth for four consecutive months: official data first appeared on Hellenic Shipping...
China’s lofty ambitions to hit peak carbon emission by 2030 and achieve carbon neutrality by 2060 have pushed major Chinese steelmakers to chart a greener route to production as they increasingly become interested in developing direct reduced iron, or DRI, plants using hydrogen and natural gas. But...
https://www.hellenicshippingnews.com/for-steel-sector-chinas-decarbonization-is-a-costly-quest/