Phosphate, one of the commodities, may benefit from China’s outbreak of Coronavirus. As a matter of fact, the virus hinders the plant’s curtail production and transport. The Chinese market may become an opportunity for the nutrient, said Joc O’Rourke, chief executive officer of Mosaic Co., the world’s largest producer of Phosphate. Phosphate is a chemical …
During the first ten months of the current Iranian calendar year, the value of Iran’s exports to the EAEU climbed 72 %, compared to the same period in the past year. Since the implementation of the free trade agreement (FTA) between Iran and EAEU, the two sides demonstrated significant growth. Last year, Rouhollah Latifi, Spokesman …
The cost of rice in Iran is going to see upward movements. The rise in the trade cost of the product is caused by the delay in the customs clearance process. Until the product reaches clearance, the price of each delayed day is equal to 1%. The higher the cost of customs, the higher the …
Rice Prices Up in Iran – Delay in Customs Clearance Process Read More »
British gas will be changing its decision to increase extra payment for prepaid customers. The top-up accounted for £1 to £5. It caused a strong adverse reaction from customers. Traders say that trading is quiet because it’s a half-term break. Therefore, a lot of people are out. They suppose the liquidity to remain reduced this …
To provide more accurate weather and climate forecasts, the British government will invest 1.2 billion pounds (1.6 billion dollars) in the world’s most powerful supercomputer. Supercomputers play a significant role in computer science. They are useful for a wide range of intensive tasks, such as weather forecasting, climate research, quantum mechanics, molecular modeling, oil and …
The remote village of Covas de Barroso of Portugal is in the grip of a clash between two conflicting visions. The town has western Europe’s largest lithium deposit, a critical component in electric vehicle batteries. Portugal’s government planned to establish the country as Europe’s production hub for the metal. On Wednesday, it signed a contract …
Portuguese Communities Protest Against Lithium Mining Read More »
Coronavirus is affecting the global economy. But for India, it’s both: a threat and an opportunity. Deadly virus fears caused the Chinese government to ban inbound flights. Moreover, most of the airlines suspended flights to China. Among the sectors which stopped operating in China was international mail too. World postal union suspects that the suspension …
Chinese virus has a two-sided effect on India’s commodities Read More »
Mahmoud Vaezi, the Customs service office spokesman in Iran, told reporters that weather conditions this year have been favorable for the cultivation and production of rice. The country must make sure that a sufficient amount of cheap rice is available. Following this, Iran may cut imports of rice from other countries. According to the official, …
Iran Wants to Stop Importing Rice from India and Pakistan Read More »
Over the past few days, gold prices rose sharply. But gold and silver prices dropped today, following muted global cues and a moderately higher rupee. The precious metal futures saw their first slump in three days. On MCX, April gold futures dropped 0.1% to ₹40,605 per 10 gram. Silver also decreased 0.19% to ₹46,130 per …
The crisis caused by the Coronavirus has reminded the Middle east how much it relies on China for business. Oil prices have been down for months. Oil demand from China has declined significantly, and the consumption of the commodity in the country has fallen by 20%. Andy Lipow, the president of Lipow Oil Associates, states …
The Middle East is in oil crisis due to the Coronavirus Read More »
Chinese copper buyers are asking Chilean miners to delay shipments due to the closure of ports by the Chinese government. The action followed the coronavirus outbreak increased the turmoil in world commodity trade. Víctor Garay, a market coordinator for Cochilco, says that While suppliers have not reported any violation of the agreement, they have verbally …
Copper recovered on Tuesday after traders and funds reversed bets on a decline in the price of the metal, after a coronavirus outbreak. In the London Metal Exchange, copper rose 1.7% to $5,618 per ton. Metal prices had fallen on Monday to five-month lows pf 5,523, which means a slump of almost 13% since January …
Oil futures ended sharply lower on Monday. The prices hit their lowest settlement in more than a year. All as a result of fears of declining demand in China, the biggest oil importer in the world. Brent crude scored $54, and WTI crude $49.99 on Monday. The rapid spread of the virus and the precautionary …
Commodity prices hit in China on Monday when the country reopened its exchanges after an extended Lunar New Year Holiday. Investors returned to markets restrained by fear over the impact the Coronavirus will have on-demand in the country. Chen Tong, an analyst with Tianjin-based First Futures, said that investors are leaving the market and seeking …
China’s Commodities Collapsed – Investors Leave the Market Read More »
Even though London copper prices rose on Friday, it experienced the biggest monthly fall since November 2015. On the London Metal Exchange, copper rose 0.3% to $5,601 a ton after 12 continuous sessions of losses. This month, it is down by 9.3%. Copper has seen the most pain among the significant commodities since the virus …
The copper price hasn’t been so low for the last four years Read More »
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