Page 48 - Platts Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Delhi — Corn futures prices on the Chicago Board Trade, which gained nearly 50% since the beginning of 2021, are likely to maintain the upward trend in the near-term, owing to weather issues with the top two producers -- Brazil and the US -- and higher demand from China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Weather concerns have impacted Brazilian corn growers for a while now, and growing distress chatters around dry weather in parts of the US have boosted bullish sentiments in the market, analysts sa...

Iron ore export volumes unlikely to increase in 2021, keeping prices bullish: Platts Analytics Iron ore exports from Australia and Brazil are always lower in the January-March quarter due to weather factors, but they were particularly weak in 2021 — and that tepid performance was compounded by a further decline in April. Australia’s Fortescue Metals Group shipped the same volume in calendar Q1 as it did a year ago, while BHP’s exports were the weakest for two years and Rio Tinto’s were the lowest in a year. Brazilian Vale’s iron ore and pellet exports fell 25 million mt in calendar ...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Australia's Fortescue Metals Group shipped the same volume in calendar Q1 as it did a year ago, while BHP's exports were the weakest for two years and Rio Tinto's were the lowest in a year. Brazilian Vale's iron ore and pellet exports fell 25 million mt in calendar Q1 from the December quarter due to operational issues and maintenance at its S11D mine, according to company reports. S&P Global Platts Analytics' trade flow software cFlow shows that shipments from the four majors, p...

China’s long march to consolidate small refineries – Recent measures a game changer? China’s has stepped up efforts to reform the refinery sector. New measures include the installation of sales to-tax monitoring systems at retail pumps, the crackdown on oil smuggling and an investigation into refineries’ compliance with the terms for receiving crude quotas. Plans to allocate revenues from oil levies to the local authorities may provide incentives to further improve tax collections, as monitoring systems will not cover direct sales of oil products where the sale of offspec, tax free pr...

Low output from refineries in many African countries continues to raise importation of fuel, despite a projection that oil demand in the continent is recovering steadily with demand likely to reach pre-coronavirus pandemic levels by the second half-year, analysts have said. Compared with other regions such as Europe where oil demand is unlikely to reach pre-pandemic heights till at least early next year as mobility restrictions weigh on fuel needs, fewer restrictions in the continent are expected to aid oil consumption from H2 2021 and exceed it by Q3 2022. Analysts at Africa-focused oil cons...