Grain market. Russia // Week 2
Mixed price dynamics have been reported on the Russian grain export market. Quotes suffer pressure from low demand on the spot market and lower domestic prices.
Commodity markets
Soybean market // Week 2
Demand for US-origin soybeans is slackening, as the new crop soy is going to appear in the market soon. At the same time, prices have grown this week after both production and export estimates dropped in the USDA’s Jan report.
Coal market // Week 2
Coal prices continue to decline rapidly in Western Europe due to insufficient consumer demand. Winters are warm in the region, so pace of trade is moderate, with no spot deals reported.
Bunker fuel prices // Week 2
Dynamics of average mazut prices, $/tonne
Grain market. Kazakhstan // Week 2
Grain export quotes hold steady in Kazakhstan. Trade remains dull. At the same time, according to the latest USDA report, the volume of wheat imports into Kazakhstan amounted to 1.5 million t this season (up 500,000 t to the previous forecast).
Market of complex and potash fertilizers // Week 1
The DAP market has been showing lower prices within deals signed by Indian importers in recent weeks. In particular, the state-owned RCF company has purchased two fertilizer stems of Russian origin (about 30,000 t each) with shipments in Jan and Feb at around $705/t and $695/t CFR India, respectively, while a little earlier NFL…… Read more »
Bunker fuel prices // Week 1
Dynamics of average mazut prices, $/tonne
Iron ore market // Week 1
Iron ore prices had been growing in China ahead of long winter holidays, as most of local steel works had been actively replenishing the stockpiles of imported raw material.
Steel scrap market // Week 1
Quotes for imported steel scrap have increased in Turkey despite rater modest trade. The outlook for the short-term imports remains unclear for the time being, but there is an overall positive sentiment on the market, as local steelmakers are preparing to replenish stocks.
Grain market. Ukraine // Week 1
In early Jan, export quotes for Ukrainian grains have shown an upturn in almost all positions, which generally corresponds to world trends.