China’s leading role in financing a wave of new coal plants across Asia is drawing fresh scrutiny as the world’s top climate scientists weigh calling for much deeper cuts in emissions. China, India, Japan and the Philippines rank among the biggest investors in the 1,380 coal plants under...
With the American markets on a tear and Chinese shares on a downturn, it appears that U.S. stocks are weathering the escalating trade war far better than China’s. One reason for the trend is due to Chinese markets’ exposure to non-energy commodities, according to a study published in August by...
https://www.hellenicshippingnews.com/us-markets-have-a-trade-war-edge-over-china-commodities/
Across the U.S. Midwest, farmers are taking in their annual harvests of corn, soybeans and sorghum. This year, they have a special problem: Where to put it all? Grain storage levels already have been extraordinarily tight. For the past two years, about 73 percent of capacity was used up in the...
https://www.hellenicshippingnews.com/lack-of-grain-storage-is-bad-news-for-midwest-farmers/
Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival...
https://www.hellenicshippingnews.com/coal-reaching-100-a-ton-in-europe-boosts-greener-alternatives/
China’s absence from the U.S. soybean market has put tremendous pressure on both soybean growers and Chicago-traded soybean futures over the last several months. But the United States’ new trade pact with Mexico and Canada may offer some hope for a similar outcome with major U.S. trade partner...
https://www.hellenicshippingnews.com/will-u-s-china-trade-war-end-up-worthwhile-for-u-s-soybeans/
A new Australian government report predicting China’s steel production will peak this year and start to decline over the next two years is at odds with expectations in the mainland that output will actually increase because of the government’s renewed focus on infrastructure investments to...
The MEPS predicts that EU stainless steel prices will continue to decline, in the short term. Flat product transaction values fell, in September, mainly due to decreases in alloy surcharges. Reductions in alloy surcharges have been announced, for October, and further cuts are expected in November....
https://www.hellenicshippingnews.com/eu-stainless-steel-prices-forecast-to-decline/
Vale SA, flush with cash from its booming iron-ore sales to China, is expected to approve a $1 billion expansion of a Brazilian copper mine later this month, according to a person with knowledge of the matter. Building out the Salobo mine — known as the Salobo 3 project — would likely take about...
https://www.hellenicshippingnews.com/vale-is-close-to-approving-1-billion-copper-expansion/
Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive demand for prime scrap by one major mill group...
https://www.hellenicshippingnews.com/steel-scrap-moves-up-10-20-lt-in-early-us-october-trading/
After months of negative news, American farmers rejoiced as the U.S. finally secured a trade deal with both Canada and Mexico. The pact comes just as U.S. growers are harvesting mammoth corn and soybean crops and domestic meat production balloons. The outlook for big supplies combined with trade...
https://www.hellenicshippingnews.com/the-new-trade-deal-provides-relief-for-american-farmers/