Grain market. EU countries // Week 24
By mid-June, quotes for EU grains have grown noticeably.
Commodity markets
Sunflower oil market. Ukraine // Week 24
Export prices for Ukrainian sunflower oil have increased significantly due to the widening price gap between soybean and sunflower products (not in favor of soybean products).
Iron ore market // Week 24
Prices for Brazilian iron ore are going down, while those for Australian origin are climbing up in the middle of June.
Nitrogen fertilizer market // Week 24
In the first half of the week, Egyptian urea producers were waiting for the results of the Indian tender, so trade has perked up only in the second half.
Steel scrap market // Week 24
Demand for imported steel scrap is weak in Turkey amid scant sales of finished and semi-finished steel products. Deals are concluded only in case of significant price cuts.
Grain market. Kazakhstan // Week 24
The export market for Kazakh milling wheat has shown a price decrease given slow trade.
Grain market. Russia // Week 24
In Russia, wheat export prices have inched up, while barley quotes have shown a decline. However, current offers are still voiced below the $240/t FOB wheat price limit set by the government.
Coal market // Week 24
Quotes for imported thermal coal have been growing on the West European market, although new signed contracts are extremely rare in the region.
Trans Adriatic Pipeline expands capacity: Construction to start in Kipoi in 2H 2023
The Trans Adriatic Pipeline (TAP) will soon begin construction work to increase gas supplies.
Italy remains the largest European buyer of Azerbaijani oil and gas
The international rating agency S&P Global Ratings reports that Azerbaijan is exporting mainly hydrocarbons to European countries.