Charting the Trade-War Fallout Through Commodities From Soy to Copper

As the U.S.-China trade war heats up, the underbelly of commodity markets offers a slew of signals on the evolving consumer and industrial landscape. Bone up on the shifting sands in global commerce with these key metrics, as chosen by raw-material dealers and strategists. Soy Spread Stefan Vogel, head of agricultural commodities research at Rabobank
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Russian wheat prices are expected to surge in the next week as sellers resist increasing bids to maximize margins from a steepening carry in the market, according to market sources this week. Prices for FOB Handysize deep sea port Russian 12.5% protein wheat are expected to jump at least $4/mt in the next week to
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Chinese steel rebar futures hit a 10-month high on Friday, and have marked their strongest week since late March, buoyed by a third straight week of inventory declines. Weekly stocks of steel products were down 128,200 tonnes to 9.97 million tonnes, as of Friday, with rebar dropping 2.1 percent to 4.57 million tonnes and hot-rolled
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Japanese shipbuilders received export orders for a total 536,000 gross tons or 18 vessels in June, down 46.9% year on year but up 7.1% from May, Japan Ship Exporters’ Association data showed. A JSEA official said vessel prices offered by neighboring countries were lower and Japanese shipbuilders were facing difficulties securing orders. “Also vessel owners
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The collapse of iron ore prices in the face of oversupply has been threatened for the last few years. Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and an environmental crackdown on excess steel production. Yet despite repeated dire warnings,
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China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday. The comments by Lu Xiaodong, deputy general manager of Sinograin, on CCTV come after Beijing imposed 25 percent duties on imports of
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Commodities fell in June as the production of agricultural commodities increased, while rising trade tensions among major economies threatened demand. The Bloomberg Commodity Index Total Return performance was lower for the month, with 16 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: • Agriculture declined 10.48%, led lower by
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China’s rebar steel futures rallied more than 3 percent to their highest in 10 months on Thursday amid potentially tighter supply as the government intensifies efforts to clean up its skies. China’s cabinet launched on Wednesday a new cross-ministerial leadership group, headed by vice-premier Han Zheng, to help draw up plans to tackle air pollution
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Hyundai Heavy Industries Co. achieved 28 percent of its annual order target of $10.17 billion in the first half of the year due to sharp declines in offshore facility projects, the company said Thursday. In the January-June period, the world’s biggest shipbuilder by sales received $2.87 billion worth of orders as offshore facility contracts plunged
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NEW DELHI: India could export soya bean, groundnut and oilmeals to China if the US-China trade war persists. With Beijing raising duties on American oilmeals, Delhi is hopeful of using this price advantage to its favour, officials said. “If this situation persists for a few days, this tariff imposition will give us a window of
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