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June 5 – Russian President Vladimir Putin has been informed of the open letter issued by Ukrainian President Volodymyr Zelensky, Russian President Vladimir Putin said today (June 5). Zelensky, in an open letter to Putin published the previous day, proposed a meeting between the two leaders to agree on an end to the conflict and warned that "otherwise, Kyiv is prepared to continue fighting."June 5th Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. Petroleum asphalt plant warehouse futures receipts: 96,220 tons, unchanged from the previous trading day; 2. Petroleum asphalt warehouse futures receipts: 21,120 tons, unchanged from the previous trading day; 3. International copper futures warehouse receipts: 10,806 tons, unchanged from the previous trading day; 4. Nickel futures warehouse receipts: 86,558 tons, an increase of 1,062 tons from the previous trading day; 5. Fuel oil futures warehouse receipts: 36,160 tons, unchanged from the previous trading day; 6. Tin futures warehouse receipts: 11,905 tons, an increase of 115 tons from the previous trading day; 7. Zinc futures warehouse receipts: 109,456 tons, an increase of 149 tons from the previous trading day; 8. Stainless steel warehouse futures warehouse receipts: 84,186 tons, an increase of 2,457 tons from the previous trading day; 9. Butadiene rubber futures warehouse receipts: 29,590 tons, down 480 tons from the previous trading day; 10. Rebar warehouse futures warehouse receipts: 30,379 tons, up 2,383 tons from the previous trading day; 11. TSR20 rubber futures warehouse receipts: 27,721 tons, unchanged from the previous trading day; 12. Natural rubber futures warehouse receipts: 150,910 tons, up 300 tons from the previous trading day; 13. Pulp warehouse futures warehouse receipts: 228,812 tons, down 3,929 tons from the previous trading day; 14. Pulp mill warehouse futures warehouse receipts: 20,000 tons, unchanged from the previous trading day; 15. Silver futures warehouse receipts: 972,611 kg, down 289 kg from the previous trading day; 16. Copper futures warehouse receipts: 95,092 tons, down 763 tons from the previous trading day; 17. 18. Alumina futures warehouse receipts totaled 426,255 tons, an increase of 3,892 tons from the previous trading day; 19. Medium-sulfur crude oil futures warehouse receipts totaled 2,961,000 barrels, a decrease of 550,000 barrels from the previous trading day; 20. Lead futures warehouse receipts totaled 56,268 tons, a decrease of 1,230 tons from the previous trading day; 21. Hot-rolled coil futures warehouse receipts totaled 451,110 tons, a decrease of 2,370 tons from the previous trading day; 22. Gold futures warehouse receipts totaled 111,663 kilograms, a decrease of 6 kilograms from the previous trading day; 23. Aluminum futures warehouse receipts totaled 489,031 tons, a decrease of 899 tons from the previous trading day; 24. Low-sulfur fuel oil warehouse futures warehouse receipts totaled 0 tons, unchanged from the previous trading day.The Bank of England reported that in the three months to May, businesses expected their product price inflation rate for the next year to be 4.0%, up 0.2 percentage points from the level reported in the three months to April.Bank of England: 24% of surveyed businesses expect wages to rise due to the conflict.The onshore yuan closed at 6.7712 against the US dollar at 16:30 on June 5, up 56 points 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."