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Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday’s gains on the London Metal Exchange that averaged 1.3%.
The Chinese nickel sulfate price narrowed upward to reach a fresh all-time high in the week to Friday July 23, with the market continuing to find support from limited supply of the raw material mixed hydroxide precipitate (MHP) and strong demand from the electric vehicle (EV) market.
Explosive growth in renewable diesel production has led to an extremely tight US soybean oil supply/demand situation that could take months, if not years, to alleviate.
Paraguay’s crush industry processed 1.39 million mt of soybeans in the January-June period, down 21.8% compared with the…
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