US miner Corsa Coal intends to extend its trading activities longer term and ramp up low-vol coking coal production as it meets higher US domestic steel-related demand for 2019, the company’s CEO said in an interview. Corsa expects organic growth at mines in Pennsylvania and Maryland and sees the...
https://www.hellenicshippingnews.com/us-miner-corsa-emulates-glencore-as-coking-coal-prices-surge/
Chicago soybean futures lost more ground on Tuesday as U.S. exports take a hit amid an intensifying trade war with the world’s biggest importer China. Wheat slid 0.9 percent, while corn eased following four sessions of rally which was spared by strong demand and rains delaying harvest in parts of...
https://www.hellenicshippingnews.com/grains-soybeans-fall-as-trade-war-escalates-wheat-down-0-9-pct/
Chinese steel and iron ore futures dropped to one-week lows on Tuesday as investors cut positions after returning from a holiday weekend with the United States and China locked in an intensifying trade war. Washington and Beijing imposed fresh tariffs on each other’s goods on Monday as the world’s...
https://www.hellenicshippingnews.com/chinese-steel-iron-ore-futures-sag-as-trade-war-rages/
Soybeans have become something of a poster child for the U.S.-China trade war, with everyone from Treasury Secretary Steven Mnuchin to President Donald Trump opining on the humble oilseed. But the tariffs are also sparking some little-known consequences. One of the biggest impacts of China’s 25...
Chicago soybean futures slid for a second session on Monday as fears of a prolonged trade war between Washington and Beijing weighed on the market with new tariffs taking effect. Corn slid, but the market was trading close to its highest since Sept. 12 with prices underpinned by strong demand and...
https://www.hellenicshippingnews.com/grains-soybeans-extend-declines-as-u-s-china-trade-war-drags/
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium end of the coal market where prices have soared. Over the past six months the price of top quality thermal coal exported from the Australian port of...
https://www.hellenicshippingnews.com/the-inconvenient-truth-of-rising-coal-prices/
Japan’s crude steel output rose 0.9 percent in August from a year earlier to 8.81 million tonnes, an industry body said on Friday, reflecting a recovery in production at mills located in areas that saw torrential rain in July. Gushing water broke levees and landslides destroyed houses in west Japan...
https://www.hellenicshippingnews.com/japans-crude-steel-output-edges-up-in-august/
Chicago Board of Trade (CBOT) agricultural commodities closed higher over the trading week ending Sept. 21, as higher-than-expected weekly export sales and prospects for U.S. harvest delays sparked a round of short-covering. The most active corn contract for December delivery rose 5.5 cents weekly,...
The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said. European utilities have been blending off-spec coals for many years as it is typically a...
https://www.hellenicshippingnews.com/european-coal-market-struggles-with-surge-of-off-spec-flows/
Commodity bull Goldman Sachs Group Inc. says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This...