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The war between Israel, the United States and Iran is already affecting the flow of agricultural commodities from South America to Iran, particularly feed, with some soymeal cargoes said to have been washed out, market sources told Fastmarkets in the week to Thursday March 5.
The publication of Fastmarkets’ assessments for MB-IRO-0002 Pig iron export, fob main port Black Sea, CIS, $/tonne; MB-IRO-0014 Pig iron import, cfr Italy, $/tonne; and MB-FE-0004 Hot-briquetted iron, cfr Italian ports, $/tonne were delayed on Thursday March 5 because of a reporter error. Fastmarkets’ pricing database has been updated.
Brazilian BEK prices remained influenced by seasonal demand patterns, currency movements and buyer inventory strategies, as early signs of the Middle East conflict impact on pulp markets emerged through logistics and cost considerations.
Fastmarkets is increasing the frequency of its Brazilian domestic steel price assessments to a biweekly basis to bring them into closer alignment with current trading patterns and market dynamics. Under the change, Fastmarkets would publish these prices twice a month, on the second and fourth Friday of the month, at 2-3 pm New York time. […]
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