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Lower CBA supply driving low-VAT aluminium premium higher in Brazil
Brazilian aluminium supply coming from Companhia Brasileira de Alumínio (CBA) is said to have tightened, helping to boost the P1020A ingot premium, market participants told Fastmarkets in the two weeks to Wednesday April 24
April 25, 2024
·
By Leticia Simionato
Insights
Brazil increases import duty to 25%; quotas include HRC, CRC, HDG, Galvalume, tubes
The Brazilian Executive Management Committee for the Foreign Trade Chamber (Gecex-Camex) decided to increase steel import duties during one year to 25%, while establishing import volume quotas for 11 steel products, according to a document published on Tuesday April 23
April 25, 2024
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By Renato Rostás, Ana Enis, Gabriela Brumatti
Insights
Brazilian grain and soybean producers are increasingly filing for bankruptcy protection
Grains and soybean Prices have been dropping amid ample offers despite lower-than-expected output in 2023-2024
March 20, 2024
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By Marcela Caetano
Insights
Correction to Australia, Brazil alumina FOB indices on March 18
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.
March 18, 2024
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By James McKeigue
Insights
Brazil’s Chamber of Deputies approves proposal to raise biodiesel mandate to 20% in 2030
The project also creates a traceability system for all diesel cycle fuels to help ensuring the quality of the fuels
March 18, 2024
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By Leticia Pakulski
Insights
Brazil’s commodities industry calls for 25% duty barrier to imports; end users express concern
Amid record volumes of imports, the Brazilian paper industry has joined steelmakers in requesting up to 25% import tariffs for certain products, which has worried importers and end users. In the wake of the Brazilian steel sector’s pleas in 2023, the Brazilian Tree Industry Association (Ibá) requested on January 16 that the government increase import duties […]
February 8, 2024
·
By Sandy Oliveira, Gabriela Brumatti
Insights
Proposal to launch two Brazilian aluminium delivered premiums
Fastmarkets proposes to split the current Brazilian aluminium P1020A delivered premium by launching two new domestic premium assessments to better reflect the two-tier market created by the different state value-added tax (VAT) rates, known as the ICMS tax.
January 31, 2024
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By Leticia Simionato
Insights
CFR China soybean premium turns negative for first time this season
Brazilian soybean prices are under further pressure from another bumper harvest and weak Chinese demand
January 31, 2024
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By Jane Li
Insights
Brazil’s soybean exports reach 1.4 million tonnes so far in January
Brazil's customs data revealed that soybean exports for the first two weeks of January 2024 has already surpassed the figure for all of January 2023
January 18, 2024
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By Leticia Pakulski
Insights
Acceleration of forestry acquisitions in Brazil puts pressure on wood prices
On Wednesday December 20, Brazil’s largest packaging paper producer, Klabin, announced that it had purchased forest assets from Arauco for $1.16 billion. The deal covers a total of 150,000 hectares, concentrated in Paraná state in southern Brazil, including 85,000 ha of pine and bleached eucalyptus kraft (BEK) plantations, along with 31.50 million tonnes of standing […]
January 10, 2024
·
By Marina Faleiros
Insights
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