Lithium Carbonate market trends continued their downward trajectory today, impacting both futures and spot prices. For Futures Contracts: The primary lithium carbonate 2407 contract experienced a decline of 2.15%, opening at 107,550 yuan per ton (~14,875.52 USD/ton) and closing at 107,100 yuan per ton (~14,813.28 USD/ton). Trading volume reached 129,937 contracts with an open interest […]
Japan stocks closed lower on Monday, driven by losses in the Marine Transport, Insurance, and Communication sectors. At the Tokyo close, the Japan stocks, represented by the Nikkei 225, declined by 0.24%. Among the top performers were stocks like Olympus Corp., which surged by 9.65% to 2,510.00, Toray Industries, Inc., which rose by 8.67% to […]
Commodity prices are anticipated to experience a modest decline in 2024 and 2025, yet they should stay above pre-pandemic levels. Energy prices are projected to decrease by 3% in 2024 due to lower natural gas and coal prices outweighing higher oil prices, with an additional 4% drop expected in 2025. Agricultural prices are also set […]
ExxonMobil and Turkey are in discussions regarding a multibillion-dollar agreement for the purchase of liquefied natural gas.Turkish energy minister Alparslan Bayraktar revealed in an interview with the Financial Times that the country seeks to diversify its energy suppliers to enhance national security. The potential deal would involve Turkey acquiring up to 2.5 million tonnes of […]
The rapid surge in copper prices, reaching nearly $10,000 per ton—a two-year high—may have come to a halt as buyers push back against further increases. Optimistic investors anticipating a seamless rise to record highs might face delays. Recent changes indicate that manufacturers, key consumers of copper, may be cutting back on their purchases due to […]
During the week, Ukraine saw an increase in wheat purchase prices due to declining supply from producers and strong export demand. Feed wheat prices rose by 100-200 UAH/t to 6,800-7,000 UAH/t (156-158 USD/t), while food wheat prices increased by 50-100 UAH/t to 7,600-7,900 UAH/t (173-178 USD/t) with delivery to Black Sea ports. The success of […]
The chocolate industry is grappling with severe cocoa shortages, prompting unexpected involvement from hedge-fund manager Pierre Andurand, renowned for his oil investments. By early March, prices had surged over 100% in just a year, leading many speculators to retreat. The crisis was evident: decades of cheap chocolate, aging trees, and widespread crop disease in West […]
China Steel Corp yesterday announced its decision to keep domestic steel prices unchanged for the second consecutive month next month. The nation’s largest steelmaker stated that it considered customers’ export competitiveness and the ongoing consolidation in the regional steel market when making this decision. China Steel also highlighted the steady recovery of the global manufacturing […]
Iron ore futures continued their upward trajectory on Friday, poised for a weekly increase, buoyed by an optimistic demand forecast from leading consumer China and strengthened fundamentals in the short run. The most actively traded September contract for iron ore on China’s Dalian Commodity Exchange (DCE) concluded the daytime session with a 3.12% increase, reaching […]
