Category archives: News
Tanker News Update 29/7/20
*Chinese Flooding China is currently experiencing its worst floods in 100 years with record rainfall levels since June. Areas straddling the Yangtze river banks are at risk of severe flooding if they haven’t already. Sinopec owns multiple refineries along the river so increased rainfall could cause serious issues. Potentially manifesting into catastrophic issues if the …
Ferts in Focus 29/7/20
MMTC back tendering immediately This past week saw India back tendering for urea straight after closing the previous round, following disappointing participation at less than 10% of their target. A tender was expected to be announced on short notice, but the one day turnaround between confirmation of acceptances and opening the next tender, once again …
DCE rebounds over tight supply
Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …
