Iron ore prices are expected to remain subdued despite disruption in mining activities in merchant mines auctioned recently and substantially high premiums paid by winning bidders in auctions. Moreover, iron ore demand from steel companies is expected to remain low as most of the steel companies...
https://www.hellenicshippingnews.com/iron-ore-prices-to-remain-subdued-on-weak-demand/
China produced 340 million tonnes of coal in March, up 9.6% year-on-year, the National Statistics Bureau said on Friday. Its January to March coal output fell 0.5% on the year to 830 million tonnes. The production of coke used in steelmaking fell 2.4% year-on-year to 38.03 million tonnes in March,...
https://www.hellenicshippingnews.com/china-march-coal-output-up-9-6-y-y-stats-bureau/
Despite the shortened holiday period, speculators pushed their bearish Chicago corn bets to seven-month highs in the most recent week while corn futures remain at historic lows due to unprecedented issues with demand. In the week ended April 14, money managers increased their net short position in...
https://www.hellenicshippingnews.com/funds-sell-cbot-corn-and-soymeal-as-demand-fears-escalate/
U.S. corn futures edged down on Tuesday, hovering near their lowest in more than 10 years, as a slump in U.S. crude futures was expected to slash demand for the grain-based ethanol. Wheat rose nearly 1% as the U.S. Department of Agriculture (USDA) said the condition of the national crop was below...
China’s domestic steel market will continue to face downward pressure in the second quarter due to high steel production, soaring steel inventories, depressed exports and lackluster demand in the manufacturing sector. Infrastructure construction has recovered quickly so far in Q2, but the property...
China Taiyuan coal transaction price index closed at 126.9 points Monday, down 1.18 percent week on week. The index, released by China Taiyuan Coal Transaction Center (CTCTC) based in Shanxi, a coal-rich province, reflects the coal price levels and changes in the main production areas of China. It...
https://www.hellenicshippingnews.com/china-taiyuan-coal-transaction-price-index-down-1-18-pct/
China’s soybean demand is forecast to remain strong in the 2019-2020 marketing year from October–September despite concerns surrounding the coronavirus pandemic and the African swine fever, analysts told S&P Global Platts. COVID-19 has spread across the world unabated since early 2020, forcing most...
Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said. Steel demand in India is set to contract 7.7% in 2020 with “significant...
https://www.hellenicshippingnews.com/indian-steel-demand-expected-to-drop-7-7-in-2020-industry-body/
Amid broad market weakness, iron ore giants BHP Group (BHP), Rio Tinto (RIO) and Fortescue Metals Group (FMG) all saw their share prices decline today. FMG was the worst performing here, with its share price dropping 1.47% – to finish out the session at $11.40 per share. Intraday price weakness...
https://www.hellenicshippingnews.com/whats-the-outlook-for-the-iron-ore-market-and-the-major-miners/
Worrying signs are emerging for coal exporters to the world’s biggest markets in Asia, as top buyers China and India move to favour domestic supplies over seaborne imports. The prices of higher-grade Australian thermal coal, lower-rank Indonesian thermal coal, and Australian coking coal used in...