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China coal futures slump as gov't signals intervention to ease power crisis | Hellenic Shipping News Worldwide

Chinaโ€™s thermal coal futures fell the maximum permitted 11% on Thursday, extending losses since Tuesday when Beijing signalled it might intervene to cool surging prices that have led to a power crunch across much of the country. China is pushing miners to ramp up coal production and is increasing imports so that power stations can ...
Inner Mongolia Nei Mongol Shivani Singh Richard Pullin Kim Coghill Kenneth Maxwell

Palm oil falls over 2% on weaker rivals | Hellenic Shipping News Worldwide

Palm oil falls over 2% on weaker rivals Malaysian palm oil futures fell more than 2% on Thursday as they tracked cheaper rivals on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell 2.5% to 3,924 ringgit ($947.83) a tonne by midday. โ€œPalm oil is playing catch-up with external markets after a day of closure,โ€ a Kuala Lumpur trader told Reuters. The Bursa Malaysia was c...
Kuala Lumpur United States Fathin Ungku Bursa Malaysia Derivatives Exchange Dalian Commodity Exchange Chicago Board

Iron Ore Price Soars as China-Australia Trade Uncertainties Linger

Iron Ore Price Soars as China-Australia Trade Uncertainties Linger CHINA STRINGER NETWORK 6 Subscribe Sputnik International As inflation rises, market demand for steel will edge down. Chinas iron ore prices have hit record highs, driven by a surge in steel demand as well as speculation on fluctuations in the Chinese-Australian iron ore trade, industry experts told the Global Times. They also warned of a possible price plunge with market liquidity tightening and rising inflation levels. On Monda...
United Kingdom United States North Lincolnshire Christmas Creek Western Australia Port Hedland

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