Commodity News

The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices. The European Commission, which conducted the investigation, has set duties of 10.2% for Indonesia’s...

https://www.hellenicshippingnews.com/eu-imposes-tariffs-on-stainless-steel-from-india-indonesia/

Consultancy Strategie Grains sharply cut its demand forecast for European Union wheat in 2021/22 as high prices were seen eroding exports and leading industrial processors to switch to maize. In a monthly grain report, the consultancy lowered its outlook for EU exports of common wheat, or soft...

https://www.hellenicshippingnews.com/strategie-grains-sees-pricey-eu-wheat-losing-demand/

JPMorgan’s Pinakin Parekh remains constructive on the commodity space. “The risk reward remains attractive broadly for stocks in this space,” he said. The commodity market currently is witnessing a supercycle in terms of price performance, said Pinakin Parekh, Metals and Mining and Oil and Gas...

https://www.hellenicshippingnews.com/commodity-market-in-a-supercycle-like-steel-aluminum-jpmorgan/

China’s alumina output reached 6.29 million mt in October 2021, down 3.9% on the month and 2.2% lower on the year, data from the National Bureau of Statistics showed Nov. 18. On a monthly basis, China’s aluminum output has been on a decline for three straight months. Floods in the Shanxi province...

https://www.hellenicshippingnews.com/october-alumina-output-down-3-9-on-month/

China Coking Industry Association held a market analysis meeting, joined by major coking companies from Shanxi, Shandong, Jiangsu, Hebei, Henan, Inner Mongolia, Shaanxi and other regions on November 16. The representatives of the participating coking companies reported on the operating conditions of their respective companies and regional market conditions. Steel mills have reduced coke inventories …

The post Will the Decrease of Coke Prices Slow? first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/will-the-decrease-of-coke-prices-slow/

Brazilian corn prices have witnessed another round of falling prices in recent days as farmers move to unload some of their corn stocks ahead of soybean harvesting. “On the seller side, some analyze the need to cash out and others are more willing to negotiate, aiming to free up warehouse space for...

https://www.hellenicshippingnews.com/prices-fall-as-producers-look-to-reduce-stocks/

Speculators gave Chicago-traded corn a very large, unexpected vote of confidence to start off this month, and they largely defended those views in the latest week despite a price decline. Most-active CBOT corn futures Cv1 fell 3.2% in the week ended Nov. 9, but money managers were very stingy...

https://www.hellenicshippingnews.com/funds-stand-bullish-ground-in-cbot-corn-but-reject-soy-braun/