More rains are forecast for many key agricultural regions of Brazil in the coming days, raising hopes of favorable moisture and water levels for planting soybean and corn in 2021-22 following a drought year. Brazil’s 2021-22 corn crop will be marketed during February 2022-January 2023. “Widespread...
https://www.hellenicshippingnews.com/planting-conditions-likely-to-improve-as-more-rains-expected/
Copper prices edged down on Wednesday as a rise in imports in top consumer China countered worries over tightening supplies in the country. Three-month copper on the London Metal Exchange CMCU3 eased 0.1% to $9,460.50 a tonne by 0348 GMT, while the most-traded November copper contract on the...
https://www.hellenicshippingnews.com/copper-prices-inch-lower-as-chinese-imports-rise/
Alumina prices are expected to trail Chinese domestic prices closely in the fourth quarter after surging in late Q3 on the back of Atlantic disruptions, power restrictions in China and a rise in manufacturing costs. The Platts Australian alumina daily assessment soared 59% through Q3 to close at...
https://www.hellenicshippingnews.com/alumina-set-to-trail-china-market-in-q4-after-sep-price-surge/
U.S. prices for organic soybeans used to feed livestock and manufacture soy milk have surged to record highs as imports that make up most of the country’s supply have declined, triggering price increases for food including organically raised chicken. The costly soybeans and higher-priced organic...
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis. Most of India’s coal-fired power plants have critically low levels of coal inventory at a time when the economy is picking up and fueling electricity demand. Coal accounts for...
Coal has been making headlines for the past few weeks with a 38 percent gain in prices last month. Over the last six months, the commodity’s price has seen a 160 percent gain and more than 200 percent in the current year itself. The price has gone up to an all-time high of $270 a …
The post Coal...
https://www.hellenicshippingnews.com/coal-prices-continue-to-rise-globally-heres-why/
China’s major copper smelters in September kept output flat month on month, as maintenance and curbs on power usage prevented them from making more metal and cashing in on higher treatment charges, Antaike said. The 22 smelters surveyed by Antaike churned out 768,300 tonnes of refined copper...
https://www.hellenicshippingnews.com/china-copper-smelters-keep-output-flat-in-sept/
The government on Monday organised a pre-bid conference for prospective bidders for the sale of 11 coal mines. The coal ministry launched the second attempt of the auction of 11 coal mines earmarked for the sale of coal last month. “Ministry of Coal has organised a pre-bid conference today for...
China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalise pricing for electricity generated from coal and that industrial and commercial users will all have to buy from the market. The NDRC said, giving no specific time frame, that 100%...
India has ample coal stocks to meet power sector demand, a coal ministry statement said on Sunday, a day after the Delhi Chief Minister said a shortage of the fuel meant the Indian capital could face a power crisis https://www.reuters.com/world/india/new-delhi-chief-minister-warns-power-crisis-coal-stocks-decline-2021-10-09. State-run Coal India Ltd is using its 40 million tonne stocks to replenish utilities, which …
The post India says it has ample coal stocks for power sector first appeared on
https://www.hellenicshippingnews.com/india-says-it-has-ample-coal-stocks-for-power-sector/