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February 25th Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. Lead futures warehouse receipts: 59,323 tons, an increase of 946 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 285,175 tons, an increase of 2,576 tons compared to the previous trading day; 3. Tin futures warehouse receipts: 11,738 tons, a decrease of 43 tons compared to the previous trading day; 4. Alumina futures warehouse receipts: 347,400 tons, an increase of 19,472 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 6. Medium-sulfur crude oil futures warehouse receipts: 2,557,000 barrels, unchanged compared to the previous trading day; 7. International copper futures warehouse receipts: 14,218 tons, a decrease of 700 tons compared to the previous trading day; 8. Natural rubber futures warehouse receipts: 112,570 tons, unchanged compared to the previous trading day; 9. 10. Pulp warehouse futures receipts: 140,621 tons, unchanged from the previous trading day; 11. Pulp mill warehouse futures receipts: 15,000 tons, unchanged from the previous trading day; 12. Stainless steel warehouse futures receipts: 60,750 tons, unchanged from the previous trading day; 13. Low-sulfur fuel oil warehouse futures receipts: 2,780 tons, unchanged from the previous trading day; 14. Butadiene rubber futures receipts: 39,870 tons, unchanged from the previous trading day; 15. Copper futures receipts: 287,806 tons, an increase of 10,717 tons from the previous trading day; 16. Petroleum asphalt mill warehouse futures receipts: 54,110 tons, unchanged from the previous trading day; 17. Petroleum asphalt warehouse futures receipts: 23,510 tons, unchanged from the previous trading day; 18. Rebar warehouse futures receipts: 19,597 tons, unchanged from the previous trading day; Gold futures warehouse receipts totaled 105,072 kg, unchanged from the previous trading day; zinc futures warehouse receipts totaled 65,319 tons, an increase of 5,095 tons from the previous trading day; TSR20 rubber futures warehouse receipts totaled 50,601 tons, unchanged from the previous trading day; silver futures warehouse receipts totaled 355,830 kg, an increase of 5,951 kg from the previous trading day; hot-rolled coil futures warehouse receipts totaled 349,005 tons, an increase of 13,825 tons from the previous trading day; and nickel futures warehouse receipts totaled 53,177 tons, an increase of 1,253 tons from the previous trading day.The Japanese government raised its assessment of corporate profits in a February report.The Japanese government largely maintained its main economic views in February.The onshore yuan closed at 6.8672 against the US dollar at 16:30 on February 25, up 177 points from the previous trading day.The Stoxx Europe 600 index briefly hit a record high and is currently up 0.4%.

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."