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According to Zhonglianjin Information Network, sulfur prices generally declined today. In Shandong, Dongming Petrochemical quoted solid sulfur at 7550 yuan/ton and liquid sulfur at 7400 yuan/ton, both down 150 yuan/ton from the previous period; Qicheng Petrochemical and Zhenghe Petrochemical quoted liquid sulfur at 7300 yuan/ton, both down 100 yuan/ton; Huaxing Petrochemical quoted liquid sulfur at 7260 yuan/ton, down 90 yuan/ton; Shangneng Petrochemical and Shenchi Chemical quoted liquid sulfur at 7290 yuan/ton and 7303 yuan/ton respectively, down 60 yuan/ton and 50 yuan/ton respectively; Wantong Petrochemical quoted solid sulfur at 7077 yuan/ton, down 30 yuan/ton. Regarding ports, Zhenjiang Ports price is 7400-7430 yuan/ton, down 30-40 yuan/ton from the previous period; Dafeng Ports price is 7380-7410 yuan/ton, down 30-40 yuan/ton from the previous period. In addition, Qingdao Refining & Chemicals solid and liquid prices remain stable, while Jincheng Petrochemical and Xintai Petrochemical have no prices quoted, and Huifeng Petrochemicals liquid sulfur price is currently unavailable due to unit shutdown.On May 26th, AntLingbo announced a deep strategic partnership with Jianzhi Innovation (Beijing) Robotics Technology Co., Ltd. According to the cooperation plan, the two parties will collaborate on data sharing across AntLingbos full-series embodied intelligent model matrix. They will also jointly develop dedicated data acquisition equipment to continuously improve the accuracy and dimensionality of human data and accelerate the scaling up of high-quality physical real-world data.On May 26, a joint statement was released by the Peoples Republic of China and the Islamic Republic of Pakistan. The statement noted that Pakistan positively appraised the informal trilateral meeting between China, Afghanistan, and Pakistan in Urumqi in April 2026 and welcomed Chinas provision of a dialogue platform for communication between the two sides. Both sides agreed to maintain close communication and cooperation on the Afghan issue. Both sides emphasized that no individual, group, or political party, including the Pakistani Taliban and the East Turkistan Islamic Movement, will be allowed to use relevant territories to undermine or threaten regional security and interests, or to engage in terrorist acts and activities.On May 26, European Central Bank (ECB) Executive Board member Schnabel stated that even if a peace agreement is ultimately reached with Iran, the ECB should still raise interest rates in June, as the conflict has lasted far longer than expected and high energy prices are spreading to broader sectors of the economy. The ECB has kept interest rates unchanged for the past year, but discussed a rate hike last month due to soaring energy costs pushing inflation significantly above the 2% target, with several policymakers signaling the necessity of action. Schnabel stated, "Given the scale and duration of the current shock, I believe a June rate hike is necessary at this point." "Even if the war ends today, energy infrastructure and global supply chains have already suffered significant damage, making a monetary policy response necessary. In terms of sustainability, the situation has actually exceeded our adverse scenario assumption, which presupposes a rapid normalization of oil prices." Schnabel also indicated that some second-round effects may have already begun to emerge, with several surveys signaling this. She said, "We are increasingly seeing this shock spreading to other parts of the consumer basket."ECB Executive Board member Schnabel: (Regarding rising bond yields) I have not seen any worrying developments.

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."


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