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On May 11, CGN Power (01816.HK) announced on the Hong Kong Stock Exchange that its subsidiary, CGN Huizhou No. 2 Nuclear Power Co., Ltd., conducted the first concrete pouring (FCD) of the main reactor building for Unit 4 on May 10, 2026. This signifies that Unit 4 has commenced full-scale construction and entered the civil engineering phase. The installed capacity of Unit 4 is 1209MW.On May 11th, the Guangzhou Municipal Market Supervision Bureau launched a comprehensive campaign to regulate the online ride-hailing and online freight platforms and the transportation sector, leveraging its market supervision functions. The campaign aims to further standardize the operations of these platforms, effectively protect the legitimate rights and interests of operators and consumers within these platforms, and maintain a fair and competitive market order. The targets of the campaign are online ride-hailing platforms, online freight platforms, and other e-commerce platform operators as defined in Article 9 of the "E-commerce Law of the Peoples Republic of China." The campaign will strengthen the supervision of platform transaction behavior through methods such as random inspections, investigation of complaints and reports, and big data monitoring. The focus will be on investigating and punishing illegal activities such as platforms using service agreements, transaction rules, and technical means to impose unreasonable transaction restrictions and charge unreasonable fees. The campaign will also promote the dissemination of laws, regulations, and compliance guidelines on internet platform pricing behavior and online transaction supervision to comprehensively improve operators compliance awareness and operational capabilities. The campaign will focus on key areas such as road transport, taxi services, motor vehicle repair, and driver training, and will severely crack down on unlicensed operations, unfair competition, price violations, false advertising, and other behaviors that infringe upon consumers legitimate rights and interests.Market news: A U.S. trade delegation will soon arrive in India for trade negotiations.Shares of U.S.-listed gold mining companies fell in pre-market trading, with Newmont down 1.9%, Sibani Gold down 1.8%, and Harmony Gold down 2.4%.On May 11th, the Shanghai Futures Exchange (SHFE) reported the following warehouse receipts and changes: 1. Stainless steel futures warehouse receipts: 64,098 tons, an increase of 5,516 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 461,525 tons, an increase of 549 tons compared to the previous trading day; 3. Low-sulfur fuel oil futures warehouse receipts: 19,050 tons, a decrease of 8,520 tons compared to the previous trading day; 4. International copper futures warehouse receipts: 12,338 tons, an increase of 523 tons compared to the previous trading day; 5. Nickel futures warehouse receipts: 70,381 tons, a decrease of 7 tons compared to the previous trading day; 6. Rebar futures warehouse receipts: 94,161 tons, an increase of 2,135 tons compared to the previous trading day; 7. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged compared to the previous trading day; 8. Copper futures warehouse receipts: 88,077 tons, a decrease of 1,851 tons compared to the previous trading day; 9. Butadiene rubber futures warehouse receipts: 31,480 tons, an increase of 31,480 tons from the previous trading day; 10. Fuel oil futures warehouse receipts: 58,530 tons, a decrease of 5,500 tons from the previous trading day; 11. TSR20 rubber futures warehouse receipts: 36,187 tons, a decrease of 202 tons from the previous trading day; 12. Silver futures warehouse receipts: 845,431 kg, an increase of 33,018 kg from the previous trading day; 13. Alumina futures warehouse receipts: 505,850 tons, an increase of 505,850 tons from the previous trading day; 14. Hot-rolled coil futures warehouse receipts: 623,108 tons, a decrease of 2,652 tons from the previous trading day; 15. Pulp warehouse futures warehouse receipts: 199,456 tons, an increase of 478 tons from the previous trading day; 16. Pulp mill warehouse futures warehouse receipts: 15,000 tons, unchanged from the previous trading day; 17. Natural rubber futures warehouse receipts totaled 137,030 tons, an increase of 3,000 tons from the previous trading day; zinc futures warehouse receipts totaled 101,437 tons, an increase of 557 tons from the previous trading day; petroleum asphalt plant warehouse futures warehouse receipts totaled 21,790 tons, unchanged from the previous trading day; petroleum asphalt warehouse futures warehouse receipts totaled 24,200 tons, a decrease of 1,800 tons from the previous trading day; tin futures warehouse receipts totaled 8,975 tons, a decrease of 137 tons from the previous trading day; lead futures warehouse receipts totaled 57,524 tons, an increase of 1,995 tons from the previous trading day; and gold futures warehouse receipts totaled 109,653 kilograms, unchanged from the previous trading day.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."