Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on Wednesday. Oil demand in China, the world’s top oil importer, remained strong last year even as the coronavirus crisis hammered global appetite....
Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices. Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were up 3.5% at 235.7 million tonnes, data from China’s General Administration …
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Ukrainian grain traders said they saw no grounds to restrict corn exports for the 2020/21 season, a move requested by animal feed and meat producers to avoid higher feed prices. Ukraine’s economy ministry and agricultural unions will decide on Jan. 25 whether to limit corn exports for the 2020/21...
https://www.hellenicshippingnews.com/traders-oppose-call-to-limit-corn-exports-from-ukraine/
Pakistan LNG is seeking two liquefied natural gas (LNG) cargoes for delivery in February, after at least one supplier was unable to deliver a scheduled cargo, two industry sources told Reuters. Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the...
CMA CGM is continuing to update its prices, announcing new rates from the beginning of February in North Europe and the Mediterranean.
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Brazilian soybean exports plummeted in January on ebbing supplies, as farmers sold almost all their old crop soybean stocks, market sources told S&P Global Platts Jan. 19. Brazil exported 17,500 mt in the first half of January, compared with 630,000 mt shipped out in the same period last year, data...
China’s gasoline exports dropped 2.3% in 2020 from a year ago, reaching a two-year low, as fuel demand plummeted globally after governments imposed travel restrictions to contain the spread of the coronavirus pandemic. Exports of gasoline from China, the world’s second-largest oil consumer, were 16 million tonnes last year, data from the General Administration of …
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Asia is estimated to receive about 2 million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about...
Mediterranean Shipping Company (MSC) has announced new rates from the United Arab Emirates (UAE), India and Pakistan to Europe, effective from 1 February until further notice but not beyond 28 February.
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Algeria’s state grains agency OAIC has set the shipment period for main supplier countries for its wheat tender as Feb. 14 to Feb. 28, European traders said on Tuesday. If sourced from South America or Australia, shipment is between Feb. 1 and Feb. 15, they said. The tender sought a nominal 50,000...