Chicago soybean futures were largely unchanged on Tuesday, with the market trading near a one-month low, as ample supplies and slowing Chinese demand kept a lid on prices. Wheat edged higher, while corn eased. The most-active soybean contract on the Chicago Board Of Trade (CBOT) Sv1 was unmoved at...
https://www.hellenicshippingnews.com/soybeans-near-1-month-low-on-supply-pressure-wheat-firms/
Tin remains the superstar of the London Metal Exchange (LME) industrial metals pack. At $37,350 a tonne LME three-month tin is up 77% since the start of the year, far outstripping aluminium, which is the second-strongest performer with a gain of “only” 26%. The London tin market has been...
https://www.hellenicshippingnews.com/tin-ticks-all-the-commodity-supercycle-boxes/
China’s daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner said in a statement on Monday, as Beijing tries to fill a supply shortage ahead of winter. On Sunday, China’s State Grid Corp warned of a “tight balance” between...
Coal India’s plan to raise prices, which has been pending for some time, is likely to be delayed further as the mining major has failed to secure the nod of key stakeholders amid an outstanding of Rs 24,000-25,000 crore pushing the company in a tough situation, a source close to the development...
Sentiment in the Brazilian steel market was found to be bullish on pricing for November, with traders and consumers the most bearish among respondents, according to the monthly survey of the market by S&P Global Platts. In the survey of Brazilian producers, distributors, traders and end-customers...
MineHub Technologies Inc. is pleased to announce the launch of its Trade Finance network application, available to all platform users. The Trade Finance application is the first in a series of network applications MineHub will be launching in the coming months. MineHub Trade Finance is a network application, bringing visibility, security and efficiency to financiers …
The post Mining and Metals Blockchain Platform MineHub Technologies Launches Trade Finance Application first appeared on Hellenic...
Malaysian palm oil futures reversed early losses on Monday, but weakness in rival oils in anticipation of higher global edible oil supplies capped the gains. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange closed 15 ringgit, or 0.31%, higher at...
Chicago soybean futures lost more ground on Monday as expectations of ample world supplies and slowing demand in top buyer China added pressure on prices. Wheat fell for a fifth consecutive session and corn dropped to its lowest in more than a week. The most-active soybean contract on the Chicago...
https://www.hellenicshippingnews.com/soybeans-hit-three-week-low-as-bumper-global-stockpiles-weigh/
Copper prices, often used as a gauge of global economic health, edged higher on Monday as strong China exports data, an improving U.S. jobs market and low inventories of the metal lent support. Three-month copper on the London Metal Exchange was up 0.03% at $9,520.50 a tonne, as of 0728 GMT, while...
https://www.hellenicshippingnews.com/copper-inches-higher-on-solid-economic-data-tight-supplies/
U.S. coal producers are leveraging a recent spike in demand to lock in longer-term commitments that reduce uncertainty around the industry’s future. The boon in sales, coming amid an economic rebound and a bump up in natural gas prices, would seem to run counter to decarbonization efforts by world...
https://www.hellenicshippingnews.com/us-coal-miners-leveraging-demand-spike-to-lock-in-future-sales/