Grain market. Russia // Week 28
Players note that the retreat of leading foreign grain traders from Russia (since July 1) has not yet affected the pace of sales and exports.
Commodity markets
Grain market. EU countries // Week 28
Prices for EU grains have been showing mixed dynamics. In its July forecast, Strategie Grains’ lowered the estimate of the EU 2023-24 wheat crop by 2.5 million t to 126.2 million t.
Sunflower oil market. Ukraine // Week 28
Despite moderate trade on the Ukrainian sunflower oil market, suppliers raised their offer prices to $910-930/t CIF Mersin.
Grain market. Ukraine // Week 28
April (note that 178 and 180 vessels used the corridor in September and October 2022, respectively).
Market of complex and potash fertilizers // Week 28
Demand for imported phosphate fertilizers has increased in Brazil, but most global suppliers have already sold out stems to be produced in July and August.
Nitrogen fertilizer market // Week 28
Egyptian MOPCO has sold two 5,000 t lots of granular urea at $365/t FOB and $370/t FOB for shipments in late July.
Iron ore market // Week 28
Quotes for imported iron ore have rocketed to an almost three-month high in China amid inspiring expectations about the developments of the home economy, a significant decrease in port stockpiles as well as splashing trade in the region.
Steel scrap market // Week 28
Most of Turkish mills are slow to start negotiations for the procurement of imported steel scrap amid the ongoing lull and uninspiring prospects on the market of finished steel products.
Coal market // Week 28
Coal prices have fallen sharply on the West European market. Trade is slack, consumption is also low.
Iron ore market // Week 27
Iron ore prices have sagged again after authorities of the Tangshan region, the Chinese largest steel center, extended restrictions on the operation of sintering facilities until the end of July.