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Futures News, May 18th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on May 18th: 1. Pulp futures warehouse receipts: 207,875 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,560 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 47,160 tons, unchanged from the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 31,220 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: 2,040 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.Chart: Performance of major currency pairs on Monday, May 18, 2026On Monday, May 18th, the German DAX 30 index opened down 170.83 points, or 0.71%, at 23784.36; the UK FTSE 100 index opened down 48.37 points, or 0.47%, at 10147.00; and the French CAC 40 index opened down 94.38 points, or 1.19%, at 7858.17. The Stoxx 50 index opened down 57.75 points, or 0.99%, at 5765.75 on Monday, May 18; the Spanish IBEX 35 index opened down 100.81 points, or 0.57%, at 17491.79 on Monday, May 18; and the Italian FTSE MIB index opened down 1037.97 points, or 2.11%, at 48078.50 on Monday, May 18.As of 15:00 Beijing time, spot platinum rose 0.02% and spot palladium fell 0.54%.Major European stock indices opened lower, with the Euro Stoxx 50 and French CAC 40 indices falling by more than 1%, the German DAX index down 0.74%, and the UK FTSE 100 index down 0.39%.

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."