Ukrainian grain export prices have been mostly falling this week. Traders are trying to attract importers’ attention to speed up sales. Due to increased bombing of the Danube port infrastructure, grain storage in local warehouses is becoming high risk, so traders are trying to switch to direct transshipment.
Duisport Group plans to commission a new Railport terminal (Railport Terminal Isletmeleri A.S.) in Kartepe, Turkey (Kocaeli region) by the end of 2024, and construction is currently underway.
Export prices for Kazakh wheat hold steady, but traders expect quotes for grade 3 wheat to rise to $260/t DAP Saryagash soon amid seasonal increase in demand.
Quotes for EU wheat have been declining amid high competition with Russian suppliers. The information that Egypt contracted almost 500,000 t of Russian wheat under a private agreement rather than in a tender put pressure on prices.
In the first week of September, Ukrainian suppliers have been offering sunflower oil at $850-855/t CIF Mersin, while importers insisted on levels of $845-849/t CIF Mersin for shipments in September-October.
Turkish factories stepped up purchasing imported steel scrap on Friday. Before that date, however, they had been slow to enter into new deals amid dull sales of finished steel products.
Iron ore prices have been fluctuating this week. At the same time, Australian exporters of Fe 62% iron ore fines have managed to raise quotes by about $2/t as this type of ore is the most popular in China.
Quotes for imported coal have inched down in Western Europe as consumers are still trying to lower prices a bit. At the same time, players note demand in Europe. Signed deals have been reported, including from utility companies.
The operator PKP Cargo S.A. has won a tender for the transportation of 16 million tons of coal and 2 million tons of limestone for the companies belonging to the PGE Group (Polska Grupa Energetyczna S.A.) – PGE Górnictwo, Energetyka Conventional and PGE Energia Ciepła.
Up to 700 wagons were reportedly heading to the Batiovo – Epereshke land border crossing point on September 11, of which 153 wagons were loaded with grain. Meanwhile, up to 80 wagons were moving to Chop – Zahony border crossing in that date.