Grain market. Ukraine // Week 44
Mixed price trend can be seen on the Ukrainian grain export market. Navigation safety issues along the existing route to the Black Sea ports are limiting export volumes, but trade remains quite brisk.
Commodity markets
Coal market // Week 43
On the West European market, quotes for imported thermal coal have declined amid moderate pace of trade. Consumers tend to postpone purchases until the situation with natural gas supplies becomes clearer and in anticipation of further price cuts.
Iron ore market // Week 43
Prices for imported iron ore have risen in China mainly due to decreasing stockpiles of the raw material in local ports. Thus, iron ore stockpiles shrank by 250,000 t to 104.9 million t over the week, so now it is the lowest level in the past five years.
Steel scrap market // Week 43
Negotiations for the procurement of imported scrap steel have intensified in Turkey after October 25 as local mills had been postponing purchases for too long, and now they face an urgent need in scrap with shipments in November to supply the production at their enterprises.
Nitrogen fertilizer market // Week 43
Trade has been slow on the urea market this week as players were waiting for the results of the Indian tender. On October 26, IPL has purchased about 1.7 million t of urea at $400/t and $404/t C&F India with shipments to the west and east coasts of the country, respectively.
Market of complex and potash fertilizers // Week 43
Phosphate trade remains low in Brazil. The market is still seeing offers of MAP 11:52/12:52 at $540-50/t C&F. Some importers report a shift in shipping period of OCP-produced Moroccan fertilizers.
Grain market. Ukraine // Week 43
Prices for Ukrainian grain have shown an upturn this week. The announced suspension of movement along the alternative “grain corridor” somewhat limited export volumes, but overall trade has been quite brisk. At the same time, players note the recovery of barley demand, although trade is now mainly taking place inside the country.
Grain market. EU countries // Week 43
The EU grain market has shown a decline in export quotes despite the reduced forecast of wheat exports by 1 million t to 31 million t (according to the European Commission). This is 22% lower than last year’s export volume.
Grain market. Kazakhstan // Week 43
Trade remains dull on the Kazakh grain market. Quality issues and the presence of Russian suppliers in the country’s business space do not contribute to high pace of sales.
Grain market. Russia // Week 43
Export prices for Russian grains keep sliding down amid pressure from large offer and insufficient importers’ demand.