Alfred Cang

Senior Reporter at Bloomberg Businessweek

Senior reporter @business on energy and commodities. The usual disclaimer.

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Articles

China imports Argentina soy meal in trial amid US tensions

1 day ago | batimes.com.ar | Alfred Cang |Hallie Gu |James Grainger

China has booked a rare shipment of soybean meal from Argentina, as the country seeks to secure supplies of a key animal feed ingredient amid an ongoing trade war with the United States. Several Chinese traders and feed producers jointly ordered the cargo from the world’s top exporter of soy meal and oil as a trial shipment, according to people with the knowledge of the deal. It marks the first purchase since Beijing opened the door to imports from the country in 2019, the people said.
China inicia importación de prueba de harina de soja argentina en medio de tensiones con EE.UU.

1 day ago | bloomberglinea.com | Alfred Cang |Hallie Gu

Bloomberg — China ha reservado un cargamento poco habitual de harina de soja procedente de Argentina, en un momento en que el país busca asegurarse el suministro de un ingrediente clave para la alimentación animal en medio de la actual guerra comercial con Estados Unidos. Varios comerciantes chinos y productores encargaron conjuntamente el cargamento al principal exportador mundial de harina y aceite de soja como envío de prueba, según personas con conocimiento del trato.
China Imports Argentina Soymeal in Trial Trade Amid US Tensions

1 day ago | news.bloomberglaw.com | Alfred Cang |Hallie Gu

China has booked a rare shipment of soybean meal from Argentina, as the country seeks to secure supplies of a key animal feed ingredient amid an ongoing trade war with the US. Several Chinese traders and feed producers jointly ordered the cargo from the world’s top exporter of soybean meal and oil as a trial shipment, according to people with the knowledge of the deal. It marks the first purchase since Beijing opened the doorto imports from the country in 2019, the people said.
China Imports Argentina Soy Meal in Trial Amid US Tensions

1 day ago | bloomberg.com | Alfred Cang |Hallie Gu

Soybean meal in Rosario, Santa Fe province, Argentina. (Bloomberg) -- China has booked a rare shipment of soybean meal from Argentina, as the country seeks to secure supplies of a key animal feed ingredient amid an ongoing trade war with the US. Several Chinese traders and feed producers jointly ordered the cargo from the world’s top exporter of soy meal and oil as a trial shipment, according to people with the knowledge of the deal.
China to Relax Urea Export Ban, Easing Global Price Pressure

2 days ago | bloomberg.com | Hallie Gu |Alfred Cang

Shipping containers at the Yantian International Container Terminals in Shenzhen, China. (Bloomberg) -- China is loosening its ban on urea exports, a move likely to ease international prices that have been buoyed by the recent tension in the Middle East. Limits on exports of the fertilizer will be relaxed from this month, according to people familiar with matter.
Xi’s Giant Iron Ore Trader Is Shaking Up a $130 Billion Market

1 week ago | bloomberg.com | Katharine Gemmell |Alfred Cang

A dock for imported iron ore in Qingdao in east China's Shandong province in May. (Bloomberg) -- Just three years after its founding, a Chinese government-run trader has become the single biggest force in the country’s $130 billion market for iron ore imports. The rise of China Mineral Resources Group Co. has allowed it to tame one of the world’s wildest commodities markets — sending volatility in iron ore futures to a record low.
The world’s most profitable nickel plants face cost challenge

1 week ago | cryptostudent.io | Alfred Cang |Annie Lee

[[{„value”:”A pioneering group of Indonesian nickel smelters with the world’s lowest production costs has been hit by a jump in the price of a key raw material, crimping their profitability just as the market is saddled with a glut. The price of sulfur, a chemical used to produce acid, has more than tripled in price over the past year, driven by increased demand. That’s a headache for producers in Indonesia that use high-pressure acid leaching, known as HPAL.
The world’s most profitable nickel plants face cost challenge

1 week ago | fortune.com | Alfred Cang |Annie Lee

The price of sulfur, a chemical used to produce acid, has more than tripled in price over the past year, driven by increased demand. That’s a headache for producers in Indonesia that use high-pressure acid leaching, known as HPAL. The breakthrough technique enables the smelters to extract metal from low-grade ore with chemicals, avoiding the need for blast furnaces.
The World's Most Profitable Nickel Plants Face Cost Challenge

1 week ago | financialpost.com | Alfred Cang |Annie Lee

Article content(Bloomberg) — A pioneering group of Indonesian nickel smelters with the world’s lowest production costs has been hit by a jump in the price of a key raw material, crimping their profitability just as the market is saddled with a glut. Sign In or Create an AccountArticle contentThe price of sulfur, a chemical used to produce acid, has more than tripled in price over the past year, driven by increased demand.
The World’s Most Profitable Nickel Plants Face Cost Challenge

1 week ago | bloomberg.com | Alfred Cang |Annie Lee

The nickel processing complex operated by Harita Nickel on Obi Island in Indonesia. (Bloomberg) -- A pioneering group of Indonesian nickel smelters with the world’s lowest production costs has been hit by a jump in the price of a key raw material, crimping their profitability just as the market is saddled with a glut. The price of sulfur, a chemical used to produce acid, has more than tripled in price over the past year, driven by increased demand.