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ARE ZINC PRICES SOARING?

NEGOTIATOR’S TAKE:  Upwards pressure on Zinc makes it difficult for galvanized steel buyers   |   08.13.16 – Pacific Northwest – Caught between an updraft by dwindling supply and the gravity of slwoing growth in global deman, zinc prices seem to

IRON ORE PRICES DROP AGAIN

IRON ORE exports from Port Hedland, Australia – the world’s largest iron ore port – hit a record high in June 2015 as global prices continue to fall. NEGOTIATOR’S TAKE: More downward pressure on steel prices, especially in China. Figures

China to import 842 Mt of iron ore in 2014

Despite the slowdown in its steel industry, China is consolidating its position as the leading importer of iron ore and relies on Australia for half of its purchases. The Chinese steel industry will produce 799Mt of crude steel products in 2014,

Nickel: World Surplus

The International Nickel Study Group predicts an increase in the supply of nickel next year leading to a surplus of 70,000 tonnes. Several projects are either already planned or going live shortly. This is the case with Koniambo in New

China Pork Binge Driving Iowa-Sized Soy Imports on Shortage (3) – Bloomberg.com

All the soybeans in Iowa won’t be enough to meet the anticipated surge in China’s imports over the next four years as the nation feeds a record pig herd and drives bean prices to an all-time high. China, which doubled

Cotton Rally Peaking as Farms Build Stocks on Record Crop (3) – Bloomberg.com

The rally that drove cotton prices to the highest since America was recovering from the Civil War is ending as farmers from Texas to New South Wales plant record crops and replenish stockpiles for the first time since 2007. Cotton

Worst Texas Drought in 44 Years Eroding U.S. Wheat, Beef Supply – Bloomberg.com

The worst Texas drought in 44 years is damaging the state’s wheat crop and forcing ranchers to reduce cattle herds, as rising demand for U.S. food sends grain and meat prices higher. Texas, the biggest U.S. cattle producer and second-largest

World Food Prices Rise to Record, May Gain Further, UN Says (2) – Bloomberg.com

Rising food costs contributed to riots across North Africa and the Middle East in the last several months that toppled leaders in Egypt and Tunisia. Prices surged as bad weather ruined crops from Canada to Australia and Russia banned grain

Cotton Closes In on $2 – WSJ.com

Cotton futures surged to a fresh high, just three cents from $2 a pound, a demonstration that the recently soaring prices haven’t cooled demand. Cotton prices jumped by the InterContinental Exchange's daily permitted limit of seven cents and stayed there

Wheat Jumps to Highest Since 2008 as Chinese Crop Faces Drought – Bloomberg.com

Wheat climbed to the highest level since August 2008 in Chicago as drought threatened to damage crops in China, curbing global supplies, and as Middle Eastern and African nations boosted purchases to tackle food inflation. March-delivery wheat rose as much