Demand for imported thermal coal is virtually dead in West Europe. The season of high consumption is over, and stocks are impressive; purchasing for the new season will start closer to autumn. Prices are stable, with no signed deals reported.
Trade has been slack on the Ukrainian sunflower oil market, with most sellers not offering products in anticipation of higher prices or voicing very high quotes.
The Ukrainian grain export market remains inactive. Uncertainty about shipments together with progressing harvesting after the start of new grain season is dragging down the quotes in the country.
Despite the price increase on Russia’s domestic grain market, export quotes have inched down by the start of the new season.
In Kazakhstan, wheat export quotes have stabilized, but the downtrend continues both on the domestic and export markets.
Most parts of Australia have seen favorable rains for crops.
Export quotes for US-origin soybeans have declined this week amid improved weather conditions.
Not a single fresh deal for the supply of large-tonnage lots of imported steel scrap has been signed by Turkish metallurgical enterprises this week due to Eid al-Adha in the country.
By the end of the reporting week, sales of granular urea have been made at $335-340/t FOB Egypt.
Demand for phosphate fertilizers is moderate in Latin America. EuroChem’s latest deal to sell 5-10,000 t of MAP has been signed at $430-435/t C&F Brazil with shipment in late July or August.