Global demand for high-grade nickel, an essential component in electric vehicle (EV) batteries, will outweigh supply by 2024. An analysis by Rystad Energy indicates that although global supply will continue its steady year-on-year climb, rising demand spurred in part by the energy transition will...
Chinese regulators’ decision to include all coal-fired power generators and commercial and industrial (C&I) users in market trading is a key step towards power market liberalisation, Fitch Ratings says. The widening of the trading price’s floating band will also mitigate earnings pressure from surging coal prices for China’s power generation companies (gencos). The National Development …
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https://www.hellenicshippingnews.com/chinas-new-power-tariff-mechanism-enhances-cost-pass-through/
When top barley buyer China last year slapped tariffs of more than 80% on imports from Australia amid a bilateral spat, grain farmers Down Under could have been forgiven for fearing tough times ahead. But a switch to canola, combined with ideal growing conditions and near record prices for the...
Chicago corn futures slid on Friday, and are set for a second week of declines, while soybeans faced headwinds on expectations of ample supplies from freshly harvested U.S. crops. Wheat futures eased after closing higher in the previous session. “U.S. corn and soybean crops yields are higher than...
https://www.hellenicshippingnews.com/corn-set-for-2nd-week-of-losses-soybeans-wheat-under-pressure/
Sun Qingguo, director of the Safety Department of the State Administration of Mine Safety, said that they have inspected 976 coal mines one by one. Among them, 153 coal mines meet the safety conditions and is qualified to offer steady supply, adding around 220 million mt of annual production...
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grapples with worsening gas shortages. TotalEnergies CEO Patrick Pouyanne on Wednesday stressed the need to achieve price stability, contending that lower...
China has raised the mininum purchasing price for wheat in 2022, the state planner said on Thursday, part of an effort to enhance grain security in the country. The National Development and Reform Commission has set the 2022 minimum purchase price for wheat at 2,300 yuan ($357) per tonne, up from...
Farm office FranceAgriMer on Wednesday lowered its forecast of French soft wheat stocks by the end of the 2021/22 season due to a cut in the crop estimate, but kept its forecast of exports outside the European Union unchanged. Soft wheat stocks at the end of next June in France, the European...
https://www.hellenicshippingnews.com/franceagrimer-cuts-soft-wheat-stocks-forecast-for-2021-22/
Prices for zinc jumped to a fresh 14-year high on Thursday after soaring power prices triggered production cuts at major zinc producer Nyrstar NYR.BR. Electricity prices have reached record highs in recent weeks, driven by power shortages in Asia and Europe, leading to a curtailment in the...
https://www.hellenicshippingnews.com/zinc-boosted-by-output-cuts-caused-by-power-crunch/
The volume of sugarcane crushed by Center-South producers totaled 467 million tons April 1-Oct. 1, a drop of 6.86% on year, according to data released by industry association UNICA Oct. 13. In the last two weeks of September, 35.78 million tons were crushed, down 11.38% on year. Most of the...