Imperium Commodity Search’s Post

"Metals markets are being transformed by increasing demand from renewable energy installations, artificial intelligence and supply shortfalls. That’s encouraging some of the world’s biggest energy traders to get more involved in metals, a sector that’s been dominated by behemoths Glencore and Trafigura Group." Randstad Singapore #commoditiestrading #trading #commodities #metalstrading #workwithus #hiring https://lnkd.in/d-zB_rxK

🎯 China Domestic Lithium Carbonate Market This Week 🔸 Industrial-Grade Lithium Carbonate (99.2%) 💰 Price Range: 97,000 (US$13,427) - 105,000 RMB (US$14,583) per ton. 🔽 Market Average Price: 101,000 RMB per ton (US$14,000), a decrease of 23,000 RMB (US$3,194) per ton compared to last week. 🔹 Battery-Grade Lithium Carbonate (99.5%) 💰 Price Range: 105,000 (US$14,583) - 111,000 (US$15,416) RMB per ton. 🔽 Market Average Price: 108,000 RMB (US$15,000) per ton, down 25,000 RMB (US$3,472) per ton from last week. 🎯 Market Forecast: Both Supply and Demand to Decrease 🔻 Year-End Corporate Strategy: As the year-end nears, companies, especially publicly listed ones, may reduce shipments to meet performance targets and improve cash flow, impacting market supply. 🔻 Decreased Supply: Losses incurred by some lithium converters due to external raw material procurement may cause a halt or reduction in production. The traditional maintenance period around the Chinese New Year will likely further decrease lithium carbonate supply. 🔻 Pessimistic Demand: With the downstream market still de-stocking (estimated Li2CO3 Q4 average monthly inventory: 50-60kt), demand remains low. However, a potential improvement is expected by Q1 2024. InsightWoo Battery Materials offers comprehensive China battery materials supply chain consulting. Contact Lili Wu for more info. [email protected] https://lnkd.in/g9pRRHnM #lithium #batterymaterials #China

“Metals play a vital role in shaping the future of energy. Whether it's the construction of solar panels or the manufacturing of batteries, metals like nickel and copper are indispensable in enabling us to diversify our energy sources and pave the way for a sustainable future.”   In our latest Meet our People video, Georgios Stamopoulos from our Metals and Minerals Operations Team in Athens shares how he's connecting with multiple teams and stakeholders daily to ensure the smooth transit of critical metals essential for driving the energy transition from point A to point B.   Find out more about the range of exciting careers at Trafigura via the links below: https://lnkd.in/edM-BzJG https://lnkd.in/eFjjMEhA   #ConnectingVitalResources #Trafigura #TrafiguraCareers #SupplyChains #SupplyChainManagement #TrafiguraAthens #CriticalMetals #EnergyTransition  

🏭 The report ‘Global refinery closure threat update’ shortlists 120 out of 465 refining assets as high, medium, or low risk of closure based on 2030 net cash margin (NCM) forecasts 💸. 🚦The total global refinery capacity at some risk of closure amounts to 19.95 million barrels a day (mmbd), equating to 21.3% of the 2023 total capacity. 🔴 As much as 3.6 mmbd has been assessed as being under high-risk of closure. 🌏Europe and China lead way with high-risk sites. 🏭Europe: 11 Refineries (45% of the total) ✍️Most of them are standalone catalytic cracking sites. ✍️Gasoline margins weaken ✍️Pressure to decarbonise increases 🏭China 🇨🇳: 7 Refineries ✍️Independent assets that will suffer from the threat of competition against larger integrated sites. ✍️More competitive domestic market ✍️Governmental policies in China that are not favourable to stand-alone operators. 🌏Asia Pacific key region for medium and low-risk capacity 🧾Standalone sites with high emissions are typically the first to face portfolio divestments or closures. Source: 📄According to Wood Mackenzie’s latest refinery closure threat analysis. https://lnkd.in/gvMatTRN

Interesting: "Shell mulls sale of Singapore refining, petrochem plants; appoints Goldman Sachs". "SHELL is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter. The global energy major’s new CEO, Wael Sawan, is targeting spending cuts over the next two years to boost profitability while remaining committed to achieving net-zero emissions by 2050. Those efforts include the review of energy and chemicals assets on Singapore’s Bukom and Jurong islands, announced in June, as the group seeks to repurpose its energy and chemical parks globally to offer more low-carbon solutions to customers." Is this a long term trend or short term fix for Shell and the oil industry? How will this affect Singapore's economy which oil refining is a very large part of? What do you think? If you are an entrepreneur and would like to find clients overseas our Ultimate LinkedIn Marketing and Personal Branding Service can do this for you, details here : https://buff.ly/3IQjykd #linkedin #rockstar #mohawk #founder #entrepreneur #personalbranding #blackmarketing #linkedinmarketing https://buff.ly/3OFQDny

The Oil Market vs Top 10 Metal Markets Combined

Thanks for sharing this insightful perspective on the future of oil demand. It's essential for us to stay informed about the evolving landscape of energy transitions and its impact on commodities. Looking forward to engaging more on such crucial industry insights!

🔔🔔 "The reduction came after refining margins slumped to about 200 yuan (S$37.17) per metric ton in October, a 2023 low, and as Russian oil became more expensive." 🔔🔔 https://lnkd.in/gfu4Hski Randstad Singapore #randstadsg #news #finance #banking #commodities #energycommodities #energy #gas #trade #globalnews #thoughts #hiring #jobs #workwithus #marketnews #marketreport

The sale of Shell's refinery assets on Singapore's Bukom Island could have several potential impacts on the oil industry in Singapore: 1. **Competitive Refining Market**: As the energy transition accelerates over the next decade, oil demand growth is expected to falter. In a more competitive, less profitable refining market, refiners need to enhance both their margins and their overall carbon competitiveness¹. This could lead to a high grading of portfolios, involving exiting assets that are competitively weak, high emissions, or both¹. 2. **Potential Buyers**: If Shell decides Pulau Bukom no longer fits with its portfolio, there are expected to be plenty of potential buyers¹. For Middle East NOCs, the facility offers a way to secure guaranteed crude oil offtake while increasing supply chain flexibility¹. 3. **Strategic Review**: Shell's decision to sell its Bukom refinery is part of a broader strategic review². The company is planning to cut investments over the next two years to boost profitability while remaining committed to achieving a 2050 net zero emissions target². 4. **Investment in Storage and Logistics**: Shell has been investing in storage and logistics at its core refineries⁵. The sale of the Bukom refinery could potentially affect these investments. Source: (1) Will Shell exit Pulau Bukom? | Wood Mackenzie. https://lnkd.in/gWxnshYs. (2) Shell looks to divest Bukom oil refinery in Singapore - Offshore Technology. https://lnkd.in/g3kN-GSN. (3) Shell’s Bukom refinery in Singapore makes fuels that help keep Asia .... https://lnkd.in/g5d_tu9z. (4) 2nd Minister S Iswaran's reply on the impact of the Shell oil refinery .... https://lnkd.in/g3xfRJzu. (5) Shell Energy and Chemicals Park Singapore | Shell Singapore. https://lnkd.in/gW2EBniQ.