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.
Commodity markets
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.
Coal market // Week 27
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.
Sunflower oil market. Ukraine // Week 26
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.
Grain market. Ukraine // Week 26
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.
Grain market. Russia // Week 26
Despite the price increase on Russia’s domestic grain market, export quotes have inched down by the start of the new season.
Grain market. Kazakhstan // Week 26
In Kazakhstan, wheat export quotes have stabilized, but the downtrend continues both on the domestic and export markets.