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Russia’s ag ministry floats wheat, feed grain export tax increases
Russia’s agriculture ministry has proposed a €20/mt increase from March on a planned wheat export duty as the government...
January 13, 2021
·
By Masha Belikova, Alex Riabukha
Insights
MORNING VIEW: Base metals prices consolidating below highs, above recent dips; all eyes on nickel
After strong gains on the London Metal Exchange on Tuesday January 12, when prices closed up with gains averaging 1.8%, prices were for the most part little changed this morning, with nickel the main mover.
January 13, 2021
·
By William Adams
Insights
Egypt’s GASC cancels wheat tender as offers jump $30/mt
Egypt’s state grain buyer cancelled a tender to import milling wheat for February 18-March 5 shipment as traders...
January 12, 2021
·
By Alex Riabukha
Insights
MORNING VIEW: Pullback in LME base metals runs into dip-buying
After further weakness in the base metals on Monday January 11, that saw the complex close down by an average of 1.5%, prices were up across the board on the London Metal Exchange this morning but those on the Shanghai Futures Exchange base metals prices were down across the board while they followed yesterday’s performance on the LME.
January 12, 2021
·
By William Adams
Insights
Assmang declares force majeure on ferro-manganese production in South Africa
Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets this week.
January 12, 2021
·
By Declan Conway
Insights
High wheat prices could force Russian gov to raise export tax: traders
Russian grain traders are expecting the government to raise export duties further in an attempt to slow the flow of wheat...
January 11, 2021
·
By Masha Belikova
Insights
Queues at Istim warehouses in Port Klang fall to 20 days
Waiting times for aluminium at Istim warehouses in Port Klang, Malaysia, fell to just 20 days at the end of December, according to the London Metal Exchange’s latest queue report.
January 11, 2021
·
Insights
MORNING VIEW: Base metals prices slip as rally runs into resistance, dollar firms
Base metals prices were for the most part weaker during morning trading on Monday January 11, while the dollar was firmer in line with strong US treasury yields.
January 11, 2021
·
By William Adams
Insights
US industry injured by PC strand imports, ITC says in final determination
Manufacturers in the United States have been materially injured by imports of pre-stressed concrete (PC) steel wire strand from Argentina, Colombia, Egypt, the Netherlands, Saudi Arabia, Taiwan, Turkey and the United Arab Emirates (UAE), the US International Trade Commission (ITC) has determined.
January 9, 2021
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By Robert England
Insights
CHINA STEEL SCRAP: Stifled domestic prices restrict import trades
Sluggish Chinese domestic steel scrap prices mean there has been a large gap between bids and offers for imports of steel scrap this week, market sources told Fastmarkets on Friday January 8.
January 8, 2021
·
By Jessica Zong
Insights
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