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Agricultura | Energía | Petróleo | Metales | Petroquímicos | Transporte marítimo

Market Movers Asia, Aug. 29-Sept. 2: Aluminum smelters halt production due to power crunch in China's Sichuan

Metales | No férreos | Acero

Market Data - Metales

Metales | Acero | Steel Raw Materials

Asociación Mundial del Acero: La producción mundial de acero se mantiene estable en octubre

Ver: Market Movers Asia, Aug. 29-Sept. 2: Aluminum smelters halt production due to power crunch in China's Sichuan

  • Colaboradores/as
  • Vickey Du
  • Materia prima
  • Agricultura Energía Petróleo Metales Petroquímicos Transporte marítimo
  • Duración
  • 01:40

On this week's S&P Global Commodity Insights' Market Movers Asia with Vickey Du, Associate Editor, Asian shipping and freight:

*Crude oil tanker market in focus as Asian winter loading demand starts to kick in

*Australian wheat prices fall as supplies emerge from the Black Sea and Latin America.

*Aluminum smelters in China's Sichuan suspend production due to power shortages

*Asian polypropylene market awaits cues from Middle Eastern suppliers

Transcripción completa

This week, in shipping, participants will be keeping a close watch on the crude tanker market as Asian winter loading demand starts to kick in from September.

Crude oil carrier VLCC freight rates have hit two-year highs in recent weeks amid a global increase in seaborne demand from key loading regions.

In agriculture, markets are closely watching the decline in Australian wheat prices as supplies emerge from the Black Sea and Latin America.

Australian wheat prices have fallen 4% in the past two weeks, extending a downtrend from record highs touched in mid-May.

In metals, industrial production curbed by power shortages in China's Sichuan is not expected to see a rapid resumption as the province focuses on ensuring power for residential use.

Last week, nearly all primary aluminum smelters in Sichuan suspended production after the government extended power rationing.

In petrochemicals, fresh price announcement from Middle Eastern suppliers will likely set the tone for the Asian polypropylene market this week.

Polypropylene prices have been relatively stable, with low demand in Asia being offset by a fall in regional supply.

I'm Vickey Du. Thanks for kicking off your Monday with S&P Global Commodity Insights.