TELF AG Investigates Recent Progress in International Commodities Markets

Last Updated on: 22nd November 2023, 07:28 am

TELF AG, a renowned international physical commodities trader based in Lugano, Switzerland, has released a market roundup of recent developments across the global commodities landscape. The report sheds light on key trends and shifts taking place in oil, electricity, freight, ferro-alloys, base metals, and battery materials sectors.

In its analysis, TELF AG highlights the impact of China’s unexpected reduction in key policy rates on oil prices. Both Brent crude futures and U.S. West Texas Intermediate crude saw a modest increase following the People’s Bank of China’s decision to lower rates for medium-term lending facilities.

Turning to Europe’s electricity market, TELF AG states that prices have decreased in Germany due to lower commodity prices, while in Spain the decline is attributed to reduced natural gas prices and lower demand. In contrast, France has seen its prices rise due to policy changes. Italy’s prices have hovered between 100-115 EUR/MWh in response to fluctuations in natural gas prices and projected demand changes.

The report also discusses the freight sector’s dynamics, noting a decrease in Capesize vessels used to transport bulk commodities, and an upward trend in the Panamax segment. The article delves into the nuances of the market and the drivers behind these shifts.

TELF AG’s analysis further explores the ferro-alloys sector, focusing on chrome ore and ferrochrome markets. The company highlights fluctuations in chrome ore prices due to factors such as demand from Chinese smelters and port inventory levels, as well as pricing strategies of major players such as Tsingshan. It examines market sentiment and supply challenges in regions such as Europe and the US.

Finally, TELF AG sheds light on the battery materials sector, emphasizing cobalt, lithium, and recycling developments. It notes the bearish market sentiment affecting cobalt prices due to slow battery demand and discusses Tesla’s extended lithium supply contract with Chinese lithium refiner Sichuan Yahua Industrial Group. The article also explores the EU’s stringent battery recycling targets, introducing key changes that will reshape the recycling landscape.

Established three decades ago, TELF AG is a full-service international physical commodities trader, providing effective marketing, financing, and logistics solutions to commodities producers worldwide. The company fosters long-term partnerships that cater to each producer’s unique needs, facilitating access to expansive markets.

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