🚨🇨🇴 President Gustavo Petro has declared that #Colombia will “suspend #coal exports to #Israel until it stops the genocide.” In 2023 the country imported 5 Mt of thermal coal, the vast majority of it from Colombia in #capes. #drybulk #freight #shipping timesofisrael.com/colombia-says-…

The Independent FFA Association (#IFFAA) has released a summary (see pics attached herein) of the day’s discussion and presentations of its inaugural FFA Day in Geneva on May 30th! #drybulk #capes #freight #panamax #shipping

🚨Investment funds’ net long ICE TTF position increased by 7 TWh to 129 TWh WoW. This is the highest net long position held by investment funds since Jan 2022, as supply uncertainty continues to feed bullish momentum. Should we get ready for🎢 a correction? #coal #gas #LNG #ttf

Several small to mid-sized #coal producers across South Kalimantan in #Indonesia face mining challenges amid incessant rains impacting their operations and leading to delays in the delivery of cargoes. Overall production is estimated to have dropped by 15% MoM. #drybulk #freight

Crude #steel output among the 71 countries tracked by the World Steel Association (#WSA) saw an uptick of 1.5% on year (+5.7% on month) in May to reach 165.1 Mt, vs. 4.7% on-year fall during April. China produced 92.9 Mt, +2.7% on year, but still -1.4% on year in Jan-May 2024.

🚨Whistleblowers have flagged insider #trading in #Germany's #electricity market. Companies with privileged grid info are allegedly using it to make big bucks in the market. 😳😵‍💫🤡 #power montelnews.com/news/f2451e07-…

#Mongolia’s #coal exports, the bulk of which is #coking coal delivered to #China, reached 7.8 Mt in June, which jumped 47% YoY. 1H exports were 39.5 Mt, +39% YoY. This annualizes to 79 Mt vs. 66.7 Mt last year, 31.7 Mt in 2022 and 15.8 Mt in 2021. How much more growth to go?

While #China prints a record trade surplus at $99B in June, which shows just how weak internal demand and economic activity are, subway passenger volume keeps going up in July and last week jumped 4.4% on year! Growing nr. of jobseekers or simply coz school vacation started?🧐

Today #Bloomberg reported that #China is asking domestic traders to buy less foreign #grains as ample supplies and weaker-than-expected demand weigh on prices and threaten its longstanding policy to support local growers. #agro #drybulk #freight #panamax

🚨 #ironore shipments from $Vale experienced a significant slowdown over the last week following the record pace registered in August. According to satellite-based #AIS data, YTD loadings amounted to 190 Mt or around +10 Mt on-year growth. $bdry #capes #drybulk #freight #shipping

What's going on with #bauxite shipments from #Guinea 🇬🇳? Is #monsoon season lasting longer than normal, demand subdued or else? YTD loadings already reached +15 Mt year-on-year. Is the party over or just temporarily paused? 🤔 $bdry #capes #drybulk #freight #shipping

What’s the impact on future Chinese both #steel exports and #ironore imports as several countries, such as #Vietnam 🇻🇳 , #India 🇮🇳 and #Indonesia 🇮🇩, are currently implementing import #duties on 🇨🇳 steel products? $bdry #drybulk #freight #shipping

🚨 🇨🇳 crude #steel output -6.1% MoM and -10.4% YoY in August, and -3.3% YTD, as downstream demand, especially in the #construction sector, remained sluggish due to seasonality, and production willingness at steel #mills was low due to losses and digestion of old standard #rebar.

🇧🇷 #Brazil #soybean production estimated at -7 yoy to 147.5 Mt. Domestic consumption at +2.3 to 54.8 Mt. Consequently, exports will significantly drop from 101.8 Mt in '23 to around 94 Mt in '24 with only 2.3 Mt of carry-over stocks, lowest since 2005! #agro #drybulk #freight

⛈️Judging by the pic attached herein weather will not favor #bauxite mining and loading ops in #Guinea 🇬🇳 throughout balance of the month. #capesize #drybulk #freight #shipping

🇫🇷 #France's ag ministry slashes 2024/25 non-🇪🇺 EU soft #wheat export forecast from 7.5 Mt to 4 Mt due to the smallest crop since 1986. #agro #agronegócio #drybulk #freight #panamax #shipping $dbry

News outlet backs away from report on Azerbaijan-#Ukraine 🇺🇦 #gas transit deal. reuters.com/business/energ… It's going to be another volatile winter season in the EU 🇪🇺 #energy markets!

As expected, wet weather continues to hamper #bauxite shipments from #Guinea 🇬🇳, where loadings remain way below the current capacity. 😞 #capesize #drybulk #freight #shipping #shiptwit