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March 16 - The Ministry of Commerce will hold a press conference at 3:00 p.m. on Thursday, March 19, 2026, where a spokesperson will introduce the recent key work in the commercial field and answer questions from reporters.On March 16, in response to US remarks concerning China regarding the Strait of Hormuz, Foreign Ministry Spokesperson Lin Jian stated at a regular press conference that the recent tensions in the Strait of Hormuz and its surrounding waters have disrupted international trade routes for goods and energy, and undermined regional and global peace and stability. China reiterates its call for all parties to immediately cease military operations, avoid further escalation of tensions, and prevent regional instability from having a greater impact on global economic development. China is maintaining communication with all parties regarding the current situation and is committed to promoting de-escalation.On March 16th, a fire broke out at an oil tank facility near Dubai International Airport (DXB) in the United Arab Emirates. Preliminary investigations suggest a drone attack caused the fire. Flights at Dubai International Airport have been temporarily suspended, and Emirates Airlines has announced a suspension of operations, with some scheduled flights cancelled today. Several domestic flights bound for Dubai have been diverted to other airports today, including Guangzhou to Dubai EK363, Shanghai to Dubai EK303, and Shenzhen to Dubai EK329, which have been diverted to Al Maktoum International Airport (DWC). Beijing to Dubai EK307 has been diverted to Muscat. Previously, domestic airlines had suspended flights to Dubai until the end of the month, with only Emirates Airlines still operating flights.March 16th Futures News: On March 16th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 174,616 tons, an increase of 2,384 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 17,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 360 tons, an increase of 360 tons compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,160 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 36,100 tons, up 2,940 tons from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 61,780 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 25,620 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.EU High Representative for Foreign Affairs and Security Policy Karas: The US exemption of sanctions on Russian oil sets a dangerous precedent.

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."