SPPOMA: Malaysian palm oil production increased by 58.36% from July 1 to 5
Data from the Southern Peninsula Palm Oil Pressers Association (SPPOMA) showed that from July 1 to 5, 2024, Malaysia's palm oil yield increased by 59.39%, oil extraction rate decreased by 0.12%, and output increased by 58.36%.
After the completion of the second phase expansion project, copper production capacity will more than double
According to SMM, the Ministry of Energy and Mines of Ecuador stated that the Mirador copper mine project under Tongling Nonferrous Metals is expected to be approved for expansion and is currently in the final stage of approval. It is expected to be approved in August this year. After the completion of the second phase expansion project, copper production capacity will more than double. In 2023, the project will produce 121,000 tons of copper.
MPOA: Malaysia's palm oil production is expected to decrease by 5.66% from June 1 to 30
According to data released by the Malaysian Palm Oil Association (MPOA), Malaysia's palm oil production from June 1 to 30 is estimated to decrease by 5.66%, with a decrease of 5.08% in the Malay Peninsula, 6.69% in East Malaysia, 7.09% in Sabah, and 5.94% in Sarawak.
Australia exported 1,596,844 tonnes of wheat in May
According to foreign media reports, according to the latest data from the Australian Bureau of Statistics, Australia exported 1,596,844 tons of wheat in May, but no durum wheat. Total exports in May fell 14% from 1,848,534 tons in April (including 3,801 tons of durum wheat), close to half of the 3.3 million tons exported in May 2023. According to the latest wheat supply and demand report released by Lachstock Consulting on June 28, Australia's wheat exports in June are expected to be less than 1 million tons, which will be the lowest monthly exports since November 2020. In recent months, Australia's bulk wheat exports to China have shown a sharp downward trend, with total exports in May of 116,285 tons, less than a quarter of the 516,295 tons exported in April.
Congestion spreads to Malaysian ports, with multiple container ships waiting at anchor
According to foreign media reports, congestion has spread from the port of Singapore to Malaysia, with about 20 container ships anchored near Port Klang on the west coast of Malaysia near Kuala Lumpur, disrupting the supply chain and causing delays in the transportation of consumer goods. Port Klang and Singapore are both located in the Strait of Malacca, an important waterway connecting Europe, the Middle East and East Asia. Due to the attacks by the Houthi armed forces, ships avoid the Suez Canal and the Red Sea, and many ships bound for Asia choose to detour around the southern tip of Africa, which means they cannot refuel or unload in the Middle East. The ports of Singapore and Tanjung Pelepas also appear to be "full". Port Tanjung Pelepas is an important port in Malaysia, located at the southern tip of Johor, adjacent to Singapore. But there are fewer ships waiting there. Analysts say the port congestion may continue until August.
As of July 8, the area planted with sugarcane crop in India was 56.88 lakh hectares.
According to foreign media reports, data released by the Indian Ministry of Agriculture and Farmers Welfare showed that as of July 8, India's cotton crop planting area was 8.063 million hectares, higher than 6.234 million hectares in the same period last year; India's sugarcane crop planting area was 5.688 million hectares, higher than 5.545 million hectares in the same period last year.
The Ministry of Industry and Information Technology, the Ministry of Commerce and other four departments announced the average fuel consumption of Chinese passenger car companies and the calculation of new energy vehicle points in 2023
In 2023, 119 passenger car companies in China produced/imported a total of 22.502 million passenger cars (including new energy passenger cars, excluding exported passenger cars). The industry's average vehicle curb weight was 1,644 kg, the actual average fuel consumption (WLTC conditions) was 3.78 liters/100 kilometers, the positive fuel consumption points were 41.287 million points, the negative fuel consumption points were 5.243 million points, the positive points for new energy vehicles were 21.288 million points, and the negative points for new energy vehicles were 510,000 points.
Vietnam's rubber exports in June increased by 81.7% month-on-month
According to foreign media reports, data released by Vietnam Customs on Tuesday showed that Vietnam's rubber exports in June increased by 81.7% month-on-month to 153,487 tons. The total rubber exports from January to June were 726,652 tons, down 5.2% year-on-year. The rubber export value in June was US$247 million, up 83.4% month-on-month. The total rubber export value from January to June was US$1.108 billion, up 5.5% year-on-year.
French wheat production falls to 4-year low, global stocks may hit 9-year low
Excessive rainfall has hurt crop prospects in France, Europe's largest agricultural producer, with the country's soft wheat harvest expected to fall to around 2020 levels. Data from France's Agriculture Ministry showed that wheat production will fall 15.4% to 29.7 million tonnes this year. That would still be 14.2% below the five-year average. "In 20 years, only two other harvests did not exceed 30 million tonnes, notably 2016 and 2020," it said. Lower production could limit exports from France, which often sells wheat in North Africa and the Middle East. Meanwhile, bad weather has also affected crops in other major exporters such as Russia, with the U.S. government forecasting global stocks to reach their lowest level in nine years.
Has the company's efforts to push Line 4 to full production been successful? Yuanxing Energy's response
An investor asked on the interactive platform, "The company has worked hard to achieve full production of the four production lines. Has the effort been successful?" Yuanxing Energy said that the fourth production line of the first phase of the company's Alxa Natural Soda Project is still under trial operation. Due to equipment commissioning and other reasons, it has not yet reached full production. The company is working hard to achieve full production of the four production lines. The price of the company's soda ash products follows the market.
Shanghai Futures Energy has taken regulatory measures to restrict opening positions for some customers
SHFE Energy announced that Wang × (00120195) group (account group number: B6001092) exceeded the daily opening transaction volume limit on the 2412 contract of the Container Shipping Index (European Line) Futures on July 9, 2024, reaching the processing standard of the Shanghai International Energy Exchange for the second time. The above-mentioned customer's trading behavior violated Article 16 of the "Shanghai International Energy Exchange's Abnormal Trading Behavior Management Rules", and SHFE Energy decided to take regulatory measures against the relevant customers to restrict their opening of positions on the corresponding contracts for one month.
The article is forwarded from: Jinshi Data
