ΟΙΚΟΝΟΜΙΑ
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
•China's iron ore imports to rise despite property crisis
•Higher imports driven by growing supply from Australia and Brazil
Rice price slump enables India, Pakistan to wage regional price competition
India and Pakistan, both leading rice exporters, are locked in intense competition to dominate key global markets, with Pakistani and Indian 5% broken white rice (WR) prices dropping to multi-months low.
Baltic index hits 15-month low on weaker vessel rates
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to 15-month low on Tuesday, dragged down by losses across all vessel segments.
Dalian iron ore advances on firmer China economic outlook; posts weekly rise
Dalian iron ore futures climbed to their highest in more than a month on Friday to endthe week higher, as a stronger economic outlook for top consumer China lifted market sentiment.
Minerva Bunkering Acquires Bomin Group, Expanding U.S. Operations
Minerva Bunkering, a leading global marine fuel supplier and a subsidiary of Mercuria Energy Group, is pleased to announce its acquisition of Bomin Bunker Oil from Mabanaft.
OPEC daily basket price stood at $71,34 a barrel Tuesday, 1 October 2024
The price of OPEC basket of twelve crudes stood at $71,34 a barrel on Tuesday, compared with $73,00 the previous day, according to OPEC Secretariat calculations.
Iron ore logs over 10% weekly gain on China rate cuts, stimulus prospects
China's central bank cuts interest rates on Friday
Shanghai and Shenzhen to lift key home purchase curbs
Singapore iron ore well above $100/t
Dalian benchmark jumps more than 4%
