MEPS estimates that world stainless steel output climbed by a double-digit percentage, year-on-year, in 2021. The increase was driven by expansions in Indonesia and India. Global growth is expected to be three percent, in 2022. This will equate to a new all-time high of 58 million tonnes. In the...
https://www.hellenicshippingnews.com/stainless-production-to-reach-58-million-tonnes-in-2022/
The escalating tensions between Russia and Ukraine could send bond yields lower but the supply of key commodities is likely to stay intact, economists at J.P.Morgan wrote in a note on Monday, amid increasing volatility in the markets. Russian President Vladimir Putin on Sunday positioned Russia’s...
London aluminium edged up on Tuesday, hovering below a record high touched in the previous session, as mounting sanctions on Russia for invading Ukraine exacerbated concerns over the metal’s supply. Three-month aluminium on the London Metal Exchange CMAL3 inched up 0.3% at $3,377 a tonne by 0625...
Malaysian palm oil futures closed near record highs on Monday, rising for a seventh session in eight, on concerns over tightening supply of global commodities after Western countries stepped up sanctions against Russia for invading Ukraine. The benchmark palm oil contract FCPOc3 for May delivery on...
Russia’s attack on Ukraine is expected to halt the processing and export of Ukrainian oilseed crops for at least one month, curbing flows of sunflower seed to the European Union, consultancy Strategie Grains said. Russia’s military intervention in Ukraine has rattled agricultural markets, with both countries being major exporters of cereals and oilseeds, leaving importers …
The post Strategie Grains expects initial one-month halt to Ukraine oilseed supply first appeared on Hellenic Shipping News...
Brazil’s 2021/22 soybean harvest reached 44% of the planted area as of Thursday, against 33% a week earlier and 25% by the same time last year, buoyed by the top grain-producing state of Mato Grosso, agribusiness consultancy AgRural said on Monday. Mato Grosso’s farmers had harvested 79% of their...
https://www.hellenicshippingnews.com/brazil-soybean-harvest-reaches-44-of-area-agrural/
China’s Tangshan city will no longer directly play a role in limiting steel output, but instead take a three-prong approach to keep the steel industry close on the decarbonization path, a development that is expected to widen across the country and will lead to reduced crude steel production in the...
China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data from the country’s statistics bureau showed on Monday. China, the world’s biggest coal burner and greenhouse gas emitter, used 5.24...
https://www.hellenicshippingnews.com/china-sees-biggest-growth-in-energy-and-coal-use-since-2011/
A severe drought and export caps are limiting Argentine farmers’ ability to take advantage of spiking wheat and soy prices that have risen due to a spiraling conflict in Ukraine, raising fears over supply from the major European grains producer. U.S. wheat and corn futures rose by their daily...
Corn has always been the United States’ staple crop. But American farmers have planted more soybeans than corn twice before, and that possibility is being considered for 2022 as soybean prices and corn production costs soar. However, the classic saying that U.S. farmers “love to plant corn”...
https://www.hellenicshippingnews.com/analysts-toy-with-rare-scenario-for-u-s-corn-soy-acreage-braun/