The first anchorage for the transshipment of Ukrainian agricultural products at roadstead should start operating in the Romanian port of Constanta in November. This was announced by the President of the Ukrainian Grain Association (UGA) Mykola Gorbachev.
According to the Resolution of the Cabinet of Ministers of Ukraine No. 1133 (dated 31 October), the Government amended its Resolution No. 1466 (dated 27 December 2022) “On Approval of the Lists of Goods Subject to Licensing and Quotas for 2023”, in particular, to expand the list of agricultural products subject to licensing for… Read more »
A total of 12,900 wagons were waiting for unloading at Ukraine’s western land border crossing points on October 25, up 119 wagons compared with September 30. In particular, as many as 2,338 wagons were standing loaded with grain on October 25 (down 892 units compared with September 30)
The cargo turnover dropped by by 11% year-on-year to 24.1 million t in the port of Klaipeda in the period from January 1 to September 30. The plunge is due to sanctions and reduced transshipment of mineral fertilizers.
On the West European market, quotes for imported thermal coal have declined amid moderate pace of trade. Consumers tend to postpone purchases until the situation with natural gas supplies becomes clearer and in anticipation of further price cuts.
Prices for imported iron ore have risen in China mainly due to decreasing stockpiles of the raw material in local ports. Thus, iron ore stockpiles shrank by 250,000 t to 104.9 million t over the week, so now it is the lowest level in the past five years.
Negotiations for the procurement of imported scrap steel have intensified in Turkey after October 25 as local mills had been postponing purchases for too long, and now they face an urgent need in scrap with shipments in November to supply the production at their enterprises.
Trade has been slow on the urea market this week as players were waiting for the results of the Indian tender. On October 26, IPL has purchased about 1.7 million t of urea at $400/t and $404/t C&F India with shipments to the west and east coasts of the country, respectively.
Phosphate trade remains low in Brazil. The market is still seeing offers of MAP 11:52/12:52 at $540-50/t C&F. Some importers report a shift in shipping period of OCP-produced Moroccan fertilizers.
Prices for Ukrainian grain have shown an upturn this week. The announced suspension of movement along the alternative “grain corridor” somewhat limited export volumes, but overall trade has been quite brisk. At the same time, players note the recovery of barley demand, although trade is now mainly taking place inside the country.