Page 2 - Commodity Arbitrage News Today

* Animal feed makers seen using more wheat for chickens, pigs * China, Vietnam, S. Korea among importers seen buying more wheat * Black Sea wheat quoted at $290/T C&F, corn at $305-$310/T SINGAPORE, April 27 (Reuters) - Asian feed manufacturers are switching to wheat in animal rations as multi-year high corn prices constrict demand for the yellow grain widely used to fatten hogs and chickens. Some of the world’s top corn buyers such as China, South Korea and Vietnam are buying more wheat from...

By Reuters Staff 2 Min Read LONDON, April 26 (Reuters) - Trafigura said on Monday that it had sold the first cargo of naphtha, a refined oil product used in plastics, for which the carbon emissions -- from production to delivery -- were offset. The move reflects a growing trend among oil and gas firms to market their products as cleaner and to secure a future for the fossil fuel industry amid an accelerating energy transition. Trafigura said in a statement it had sold the cargo, which was shipp...

By Reuters Staff 2 Min Read SINGAPORE, April 23 (Reuters) - Naphtha shipments from west to Asia are expected to rebound to more than 2 million tonnes in May after dipping below average levels this month, trade sources said on Friday. Naphtha prices in Asia were subdued due to the anticipated increase in supplies and lower demand in the second quarter due to cracker maintenance. “May arbitrage is relatively bigger and there is some cracker maintenance,” one of the sources said, adding that r...

By Reuters Staff (Ads background) LONDON, April 21 (Reuters) - Maersk Oil Trading (MOT), part of Denmark shipping group Maersk, has appointed Urszula Uszko as global head of renewable fuels in Copenhagen, the company said on Wednesday. A spokeswoman for Maersk said Uszko, who was previously at BP, will start Aug. 1. MOT is the bunkering and oil trading arm of the group and is key to its decarbonisation goals. Maersk, with a fleet of over 700 ships, aims to be carbon neutral by 2050. The firm pl...

2 Min Read April 12 (Reuters) - China’s copper imports this year will match or even better the unprecedented levels seen in 2020 on the back of economic growth and a post-coronavirus rebound in manufacturing, an executive from state-run metals group Chinalco said on Monday. Ma Huizhi, a vice president of Chinalco unit China Copper, said 2020 imports by top metals consumer China were 11.9 million tonnes on a copper content basis, taking into account inbound shipments of copper concentrate, bli...

Global energy trader Vitol's revenue dropped to $140 billion last year from $225 billion in 2019, hit by the sharp economic downturn caused by the COVID-19 pandemic, it said on Tuesday.

LONDON (Reuters) - The tin market super-squeeze rolls on. A worker counts ingots of tin at a PT Timah smelter in Mentok, on the Indonesian island of Bangka February 22, 2007. REUTERS/Beawiharta Tightness on the London Metal Exchange (LME) contract remains acute. The massive premium for prompt delivery has enticed a trickle of metal into exchange warehouses, but not enough to tame market wildness. The outright three-month price is currently trading around $25,700 per tonne, within striking di...

China's imports of copper are likely to rebound in March, but the expected increase after a disappointing start to the year may not be quite as bullish as it appears at first glance.

China's imports of copper are likely to rebound in March, but the expected increase after a disappointing start to the year may not be quite as bullish as it appears at first glance.

Commodities and energy pricing agency S&P Global Platts will defer changes to its core dated Brent oil benchmark after industry pressure, it said on Wednesday.