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Soybean futures rose above $11.6 per bushel, attempting to rebound from a five-week low, supported by stronger Chinese demand and higher crude oil prices. Reports of renewed attacks in the Strait of Hormuz and the lack of clarity over a deal to reopen the critical waterway lifted oil prices. Agricultural prices often tracked energy markets ...
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Copper futures climbed above $6.7 per pound on Friday, reaching fresh record highs as mounting global supply risks continued to support the market.
Energy – US-Iran deal obstacles Oil prices rallied yesterday, with ICE Brent settling 3.8% higher on the day, taking it back above $82/bbl. This strength continued in early morning trading today.
Chinese oil demand figures derived from official data may underestimateactual consumption, as a resurgence in unlicensed fuel sales since the start of the Middle East war has diverted diesel and…
Chinese domestic rebar prices fell below 3,000 yuan/metric ton ($444/mt) in early August for the first time in nearly 10 years, pressured by persistently weak construction steel demand, insufficient…
Australia’s fledgling green iron industry will require massive investment and government support if it is to capitalise on the global transition to low-carbon steelmaking, according to a briefing note…
Iran is turning to its only crude loading terminal outside the Persian Gulf to help sustain seaborne exports amid a US blockade of its ports and threats to its oil hub at Kharg Island, according to…