Ukraine’s grain exports in the 2024/25 July-June season stood at over 3 million metric tons by July 26, up sharply from 1.9 million at the same date a season earlier, agriculture ministry data showed on Friday. The volume included 1.16 million tons of wheat, 1.44 million tons of corn and 418,000 tons of barley. The ministry has said that the 2024 combined grain and oilseed crop could fall to 77 million tons, including 56 million tons of grain. Ukraine’s grain exports in the 2023/24 marketing season rose to about 51 ...

Egypt has issued a tender seeking five spot cargoes of liquefied natural gas (LNG) for delivery from August to September, two industry sources said. In recent months Egypt has been seeking LNG to cover heavy summer demand from July through September, and fully awarded its biggest tender in years to buy 20 cargoes. It is now seeking three cargoes for delivery to Ain Sukhna Aug. 13-14, Aug. 25-26 and Sept. 12-13. For delivery to Aqaba, it is seeking two cargoes for delivery Sept. 3-4 and Sept. 21-22. The tender, issued ...

Brazilian miner Vale VALE3.SA, one of the world’s largest iron ore producers, said on Thursday its second-quarter net profit soared to $2.77 billion, triple the year-earlier period and above analyst estimates as sales jumped. Analysts polled by LSEG were expecting a $1.70 billion net profit. The result was also 65% higher than in the first quarter, when net profit totaled $1.68 billion. In addition to higher iron ore sales, Vale said net profit had a positive impact of $1.05 billion resulting from the divestment of PT Vale Indonesia that concluded ...

DCE iron ore futures rebounded aŌer stopping their decline.. the main contract closed 779. an increase of 1.5% throughout the day;

Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China’s persistently weak steel market, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a loss of 1.55% to 764.5 yuan ($105.50) a metric ton. The benchmark August iron ore SZZFQ4 on the Singapore Exchange dipped below the key psychological level of $100 a ton, falling 1.14% to $99.75 a ...

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper , alumina, cobalt , lithium , nickel and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts to new arbitrages, and to quality spread fluctuations. Asian steel markets are set to face headwinds in the third quarter amid seasonally sluggish demand and continued bearish property and construction sector outlooks ...

India’s steel imports are anticipated to surge in July to a seven-year high, led by increased inflows from China, according to S&P Global Commodity Insights data. The total volume of steel products scheduled to arrive in India could touch 1.6 million mt in July, the data showed. China leads import surge The recent surge in steel imports to India is primarily due to an increase in exports from China. From January to July 2024, China has overtaken South Korea as the leading steel exporter to India, comprising 43% of India’s ...

The negative trend in the steel market observed in the first half of 2023 has persisted and become more acute over the last three quarters. The severe consequences of the war in Ukraine and the deteriorating manufacturing outlook, along with the overall economic environment, continued to take their toll. Apparent steel consumption in the EU decreased (-3.1%) in the first quarter of 2024, after a rise (+2.9%) in the preceding quarter which was mainly due to the comparison with the very low volumes seen one year earlier. After a significant ...

Repsol’s operations in Venezuela have entered a new phase as the Spanish oil company receives more oil cargoes from the country and as production increases at its joint venture with state oil company PDVSA, Chief Executive Josu Jon Imaz said on Wednesday. Under a deal authorised by the U.S. that exempted them from sanctions, Repsol REP.MC and other European companies last year agreed with PDVSA to receive Venezuelan oil as payment for debt. Repsol has increased import volumes this year as part of the agreement. In the second quarter, the ...

Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling, but prices are likely to be supported by improved buying interest from China. Three-month copper on the London Metal Exchange CMCU3 traded 0.69% lower at $9,019.5 per metric ton by 1047 GMT. It earlier dipped to $8,900 to its lowest since March 28, breaking support level at $8,981.99, the 200-day moving average. “Funds continued to sell after overshoot since May and they are still not stopping,” a trader said. The most-traded ...

Chicago wheat and soybeans eased on Thursday while corn ticked up, as investors weigheda dry spell in part of the U.S. crop belt against favourable field conditions so far this year. The dry weather in a swathe of the northern United States and Canada supported two-week peaks for corn and soybeans this week, but high yield estimates from a U.S. spring wheat crop tour this week tempered concern about potential damage. Plentiful global supply and export competition from cheaper South American and Black Sea suppliers were also capping U.S. grain ...

Coffee prices fell in Vietnam this week following weaker London prices and due to low demand and supplies at the end of the crop season, traders said on Thursday, while premiums eased in Indonesia on ample supplies. Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, were selling beans COFVN-DAK for 124,000-125,000 dong ($4.90-$4.94) per kg, down from last week’s 127,000-127,000 dong. Traders offered 5% black and broken-grade 2 robusta COFVN-G25-SAI at a premium of $550-$600 per metric ton to the September contract. “There is not much coffee left, mainly ...

India’s Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery between September and October, two industry sources said on Thursday. It is seeking the cargo for delivery between Sept. 25 and Oct. 10 to the Mundra terminal on the country’s west coast. The tender closes on July 26. Source: Reuters (Reporting by Emily Chow, Editing by David Goodman)

A South Korean importer purchased an estimated 18,500 metric tons of animal feed barley expected to be sourced from east Europe and Russia, European traders said on Thursday. Some 13,500 tons expected to be sourced from east Europe was bought at an estimated $249 a ton cost and freight (c&f) included and 5,000 tons expected to be sourced from Russia was bought at about $244 a ton c&f, they said. The barley was sought for arrival in South Korea around Oct. 30. Reports reflect assessments from traders and further estimates ...

Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers is July 31. A new announcement had been expected after Jordan made no purchase in its previous tender for 120,000 tons of barley on Wednesday. Shipment in the latest tender is sought in a series of possible combinations in consignments of 50,000 to 60,000 tons. Possible combinations are Sept. 1-15, Sept. 16-30, Oct. 1-15 and Oct. 16-31, the ...