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mariacallous · 6 months

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On March 2, she was gone. The Belize-flagged, British-owned bulk carrier Rubymar sank in the narrow water lane between the coasts of Yemen and Eritrea. The Rubymar was the first vessel that has been completely lost since the Houthis began their attacks on shipping in the Red Sea—and its demise, with 21,000 metric tons of ammonium phosphate sulfate fertilizer, spells ecological disaster. A similar substance—ammonium nitrate—caused the devastating explosion at the Port of Beirut in 2020. It had been stored there after being abandoned on a vessel and authorities intervened to prevent an environmental disaster.

Because the Houthis have no regard for the environment, there are likely to be more such disasters. Indeed, groups set on destruction could also decide to attack the carbon storage facilities now beginning to be built underneath the seabed.

For two weeks after being struck by a Houthi missile in the Red Sea, the Rubymar clung to life despite listing badly. The damage caused by the missile, though, was too severe. At 2:15 a.m. local time, the Rubymar disappeared into the depths of the Red Sea. The crew had already been rescued by another merchant vessel that had come to the Rubymar’s aid, but there was no way anyone could remove its toxic cargo.

The ship’s owner had tried to get it towed to the Port of Aden—where Yemen’s internationally recognized government is based—and to Djibouti and Saudi Arabia, but citing the environmental risk posed by the ammonium phosphate sulfate, all three nations refused to receive it.

Now enormous quantities of a hazardous substance are about to spread into the Red Sea. IGAD, a trade bloc comprising countries in the Nile Valley and the Horn of Africa, points out that the Rubymar’s fertilizer cargo and leaking fuel “could devastate marine life and destroy coral reefs, sea life and jeopardize hundreds of thousands of jobs in the fishing industry as well as cut littoral states off from supplies of food and fuel.”

Not even shipping’s option of last resort, salvage companies, seems available. “The salvage companies that normally recover vessels are reluctant to go in,” said Cormac Mc Garry, a maritime expert with intelligence firm Control Risks. That’s because salvage ships and crews, too, risk being targeted by Houthi missiles. “If a salvage company knows it’s likely to be targeted, it will hesitate to take on the task. It has a duty of care for its crew,” said Svein Ringbakken, the managing director of the Norway-based maritime insurance company DNK.

It was only a matter of time before a Houthi missile brought down one of the many tankers and bulk carriers that still traverse the Red Sea every day. (In the first two months of this year, traffic through the Red Sea was down by 50 percent compared to the same period last year.) “The Houthis have no regard for life and even less for the environment,” Ringbakken said. “They shoot missiles at ships even though they know that there are humans and hazardous cargo on them.”

For years, the Houthis allowed an oil supertanker ironically named Safer that was moored off the coast of Yemen to rust away even though she was holding more than 1 million barrels of crude oil. By the beginning of last year, the Safer was close to disintegration: an event that would have cost hundreds of thousands of Yemenis their livelihoods because it would have killed enormous quantities of fish. Indeed, had the Safer’s oil leaked, it would even have forced the Houthi-controlled ports of Hudaydah and Saleef to close, thus preventing ordinary Yemenis from receiving food and other necessities.

It would, of course, also have caused permanent damage to all manner of marine life, including coral reefs and mangroves, in the Red Sea. Then the United Nations pulled off an almost impossible feat: It got Yemen’s warring factions, international agencies, and companies to work together to transfer the oil off the Safer. Disaster was averted. “It was a massive undertaking,” Ringbakken noted. “But for years and years and years, the Houthis were adding impediments against this undertaking, even though the Safer was sitting just off the Yemeni coast.”

Indeed, maritime terrorism itself is not new. “Besides guerrillas and terrorists, attacks have been carried out by modern day pirates, ordinary criminals, fanatic environmentalists, mutinous crews, hostile workers, and foreign agents. The spectrum of actions is equally broad: ships hijacked, destroyed by mines and bombs, attacks with bazookas, sunk under mysterious circumstances; cargos removed; crews taken hostage; extortion plots against ocean liners and offshore platforms; raids on port facilities; attempts to board oil rigs; sabotage at shipyards and terminal facilities; even a plot to steal a nuclear submarine,” researchers at RAND summarized—in 1983.

Now, though, the Houthis have upped the nihilism, and unlike the guerrillas, terrorists, and pirates of the 1980s, they have the weaponry to cause an ocean-going vessel to sink. The joint U.S.-U.K. military operation against the Houthis has failed to deter the Iranian-backed militia’s attacks; indeed, not even air strikes by U.S. and U.K. forces have convinced the Houthis that it’s time to stop. On the contrary, they’re escalating their attacks. They do so because they’re completely unconcerned about loss of life within their ranks or harm to their own waters.

It’s giving them a global platform. That, in turn, is likely to encourage other militias to also attack ships carrying toxic substances—even if it ruins their own waters. The local population is hardly in a position to hold a militia accountable. Indeed, militias interested in maritime terrorism could decide that the world’s growing sea-based infrastructure is an attractive target. And there’s a new form of sea-based infrastructure they could decide to make a preferred target, not just because it’s set for explosive growth but because attacking it would guarantee a global platform: CO2 storage.

With the world having failed to reduce its carbon-dioxide emissions enough to halt climate change, CO2 storage has become an urgent priority. Through this technique, carbon dioxide can be captured and buried underground, typically underneath the ocean. Norway has, for example, begun auctioning out licenses for CO2 storage exploration on its continental shelf. So has Britain. The United States has 15 carbon-storage sites, and another 121 are being developed. Even Big Oil has discovered carbon storage. ExxonMobil is buying offshore blocks to use for carbon storage instead of oil drilling.

Carbon storage sites are, of course, designed to withstand both natural perils and man-made attacks, but that won’t prevent destructive groups—especially ones backed by a powerful state—from trying. And because groups like the Houthis are so unconcerned about all forms of life, it won’t matter to them that releasing concentrated CO2 would cause extreme harm to the planet—including themselves. Even a tiny carbon-storage leakage of 0.1 percent per year can lead to additional CO2 emissions of 25 giga-tonnes, researchers have established.

Until recently, sea-based infrastructure was only lightly guarded, because it was in everyone’s interest that it worked. The sabotage of Nord Stream and various other pipelines and undersea cables over the past two years have demonstrated that such peacefulness can no longer be taken for granted. The new CO2 sites will need not just AI-enhanced monitoring but regular patrolling to communicate to potential attackers that it’s not even worth attempting an attack.

And for now, attacking merchant vessels remains a promising and economical strategy for the Houthis and their ilk. It doesn’t seem to matter that ammonium phosphate sulfate will soon be poisoning Yemeni waters and thus depriving locals of their livelihoods. Indeed, other bulk carriers and tankers may soon join the Rubymar on the bottom of the sea, poisoning the future for even more Yemenis.

For the Houthis, what matters is not the outcome: It’s the attention. That’s what makes them such a vexing problem for the U.S. Navy and other navies, shipowners, maritime insurers, and especially for seafarers. But there is another group that should be just as worried about the rampant insecurity on the high seas: ocean conservationists.

There is, in fact, a woman with an unsurpassed green platform who could make the growing scourge of maritime terrorism her new cause. (Nearly) everyone would thank you, Greta.

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tubetrading · 10 months

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The Future of Pipeline Technology: Unleashing the Power of Spiral Welded Pipes

Introduction

In the dynamic landscape of pipeline technology, innovation plays a pivotal role in meeting the ever-growing demands of various industries. As the world progresses towards a more interconnected and technologically advanced future, the importance of reliable, durable, and efficient pipelines cannot be overstated. This article delves into the future of pipeline technology, specifically focusing on the remarkable capabilities and applications of spiral welded pipes. As a leading distributor, supplier, and dealer of spiral welded pipes, Tube Trading Co. is at the forefront of this transformative journey.

Understanding Spiral Welded Pipes

Spiral welded pipes represent a significant advancement in pipeline construction. Unlike traditional longitudinal welded pipes, spiral welded pipes are manufactured by helically bending steel strips and welding the seams together. This unique manufacturing process imparts several advantages to spiral welded pipes, making them a preferred choice for various industries.

Key Advantages:

Strength and Durability: The helical welding technique employed in spiral pipes enhances their structural integrity, resulting in pipes that can withstand high pressure and stress. This characteristic is particularly crucial in industries such as oil and gas, where pipelines often operate under challenging conditions.

Cost Efficiency: Spiral welded pipes are known for their cost-effectiveness in terms of both manufacturing and installation. The continuous, automated welding process reduces production time and labor costs, making them a financially prudent choice for large-scale projects.

Versatility: These pipes are highly versatile and can be customized to meet specific project requirements. Their adaptability makes them suitable for various applications, from transporting fluids in the energy sector to structural applications in construction.

Spiral Welded Pipes in Action

As a spiral welded pipe distributor, supplier, and dealer, Tube Trading Co. has witnessed the transformative impact of these pipes across diverse industries.

1. Oil and Gas Sector:

In the oil and gas sector, where reliability and durability are paramount, spiral welded pipes have emerged as the preferred choice for pipeline construction. The seamless welding and robust construction ensure the safe and efficient transportation of crude oil and natural gas over long distances.

2. Infrastructure Development:

Spiral welded pipes have found applications in infrastructure projects, playing a crucial role in the development of water and sewage systems. The pipes' ability to resist corrosion and withstand external pressures makes them an ideal choice for underground and underwater installations.

3. Industrial Applications:

Industries such as mining, chemical processing, and manufacturing benefit from the versatility of spiral welded pipes. Their ability to handle a wide range of materials and conditions makes them indispensable in conveying various substances critical to industrial processes.

The Role of Tube Trading Co. in Advancing Spiral Welded Pipe Technology

As a reputable distributor, supplier, and dealer of spiral welded pipes, Tube Trading Co. is committed to providing high-quality products that meet the stringent standards of modern industries. The company's dedication to innovation and customer satisfaction has positioned it as a leader in the field.

1. Quality Assurance:

Tube Trading Co. prioritizes quality assurance throughout the manufacturing and supply chain. Rigorous testing procedures ensure that each spiral welded pipe meets or exceeds industry standards, assuring clients of the pipes' reliability and longevity.

2. Customization Options:

Understanding that different industries have unique requirements, Tube Trading Co. offers a range of customization options for spiral welded pipes. From varying diameters to specific coatings, clients can tailor their orders to suit the demands of their projects.

3. Expert Consultation:

Tube Trading Co. goes beyond being a mere supplier; it serves as a valuable partner to clients by offering expert consultation services. The company's team of knowledgeable professionals assists clients in choosing the most suitable spiral welded pipes for their applications, ensuring optimal performance and longevity.

Looking Ahead: The Future of Spiral Welded Pipes

As industries continue to evolve, the demand for advanced pipeline solutions will only intensify. The future of spiral welded pipes looks promising, with ongoing research and development aimed at further enhancing their capabilities. Innovations in materials, coatings, and manufacturing processes are expected to result in even more robust and efficient spiral welded pipes.

1. Advanced Materials:

The incorporation of advanced materials, such as high-strength alloys and composite materials, is expected to enhance the performance of spiral welded pipes. This could lead to pipelines with increased corrosion resistance and even higher pressure-bearing capacities.

2. Smart Pipeline Technologies:

The integration of smart technologies into pipeline systems is on the horizon. Spiral welded pipes, equipped with sensors and monitoring devices, could provide real-time data on the pipeline's condition, enabling proactive maintenance and reducing the risk of failures.

3. Environmental Considerations:

As environmental sustainability becomes a focal point in industrial practices, the development of eco-friendly coatings and materials for spiral welded pipes is anticipated. This could contribute to a more sustainable and responsible approach to pipeline construction and maintenance.

Conclusion

In conclusion, the future of pipeline technology is intricately linked with the capabilities of innovative solutions such as spiral welded pipes. As a key player in this transformative journey, Tube Trading Co. continues to pave the way for advancements in the field. The unparalleled strength, durability, and versatility of spiral welded pipes make them a cornerstone in the construction and maintenance of pipelines across diverse industries. As we look ahead, it is evident that the power of spiral welded pipes will continue to unfold, shaping the future of pipeline technology.

#Spiral welded pipe distributor #Spiral welded pipe supplier #Spiral welded pipe dealer

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yaso711 · 1 year

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financial management

The rise of digital currencies has attracted worldwide attention. With the advent of Bitcoin, the first cryptocurrency, numerous cryptocurrency trading platforms have sprung up rapidly in the international market. Among the many encryption platforms, we will list some well-known and well-reputed platforms, and briefly introduce their characteristics and advantages.

Yun Shang Hui Xin

[URL="https://yunshfx.com"]https://yunshfx.com[/URL]

Yun Shang Hui Xin Limited

Decentralized services to grasp the latest global financial information: a series of data including transnational stocks, spot stocks, funds, digital currencies, etc. can provide reference.

YSHX

The world's lowest transaction costs and a wide range of investment markets, with the highest quality services.

yunshfx

A large number of products of different types can be selected through one account: stocks, futures, crude oil, gold, bitcoin, and foreign exchange options of multiple currencies.

#finance

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theculturedmarxist · 1 year

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The West’s attempt to recruit large swaths of the global community to enlist for the sanctions war has decidedly failed, notes ‘The American Conservative’. Outside of the U.S., E.U., and a few close allies (i.e., economic dependents and military protectorates) such as Canada and Japan, practically no other countries have joined in, preempting any economic dogpile sought by the self-proclaimed defenders of democracy. Increasingly, transatlantic policy seems to be having the exact opposite effect.

As of June 9, Pakistan is the latest country to begin accepting large shipments of discounted crude oil from Russia, as much as 100,000 barrels a day. “This is the first ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation [sic],” announced Prime Minister Shehbaz Sharif.

In the present geopolitical landscape, such a move is perceived to be in direct defiance of Western efforts to obstruct Moscow’s revenues. The motive behind Islamabad’s shifted political and economic calculations is not difficult to decipher. Nor is it exceptional.

The International Energy Agency (IEA) reported that Moscow is now sending out 8.1 million barrels of oil a day, the highest number going back to April 2020. In January 2023, almost half of those shipments were destined for China and India, which have respectively increased as a proportion of Russia’s oil exports from 21 percent to 29 percent and 1 percent to 20 percent since January 2022.

Chinese oil imports alone jumped in May to the third highest level ever recorded. Beijing also recently issued a crude oil import quota of a whopping 62.28 million tons of allotments. This makes the total import quota amount issued by Chinese leadership 20 percent higher than that of the same time last year. At the same time, Beijing’s natural gas purchases continue to push upward, increasing 3.3 percent year-on-year in Quarter 1, with a 10.3 percent year-on-year increase in April of liquefied natural gas (LNG).

Just as important, if not more so, as the massive shifts in quantity and direction of the energy trade, however, are the size and scope of the joint initiatives—usually under the leadership of Moscow and Beijing — that continue to proliferate in opposition to Western-led international organizations.

The recent St. Petersburg International Economic Forum saw representatives of various economic groupings and cooperation organizations outside the Atlantic orbit meet to discuss greater interconnectivity, development collaboration, transportation corridors, as well as investment options for funding various cross border initiatives.

One of these groups is the Shanghai Cooperation Organization (SCO), which continues to focus on greater cooperation and integration with ASEAN nations. This year’s meeting included a notable presentation on the creation of a SCO investment bank to provide the capital necessary to facilitate such collaborative projects.

The BRICS organization featured prominently at the St. Petersburg forum as well. It also includes an important investment bank — the New Development Bank — that provides ready access to liquidity for its members, funds infrastructure projects, and facilitates increased industrial manufacturing. BRICS continues to grow in both clout and size.

A number of new countries applied for membership last year, including Iran and Argentina. 2023 has also seen membership bids from nineteen additional nations before an upcoming summit in Johannesburg this August. One of the most recent applications came from Egypt on June 14. Potential bids from important players in the energy market such as Venezuela (with direct support from Brazil’s President Lula) and the United Arab Emirates are also being discussed.

UAE President Sheikh Mohammed bin Zayed Al Nahyan traveled directly to the St. Petersburg forum in order to meet with Putin on June 16, where the two discussed their desire to build a closer relationship between the countries.

Gulf neighbor — and traditional U.S. ally — Saudi Arabia has to some degree also hedged its geopolitical bets. After refusing Biden’s phone calls in March of 2022 and denying his request to increase oil production to help lower international prices, Riyadh’s friendship with Washington has somewhat soured as of late. (Saudi Arabia also joined the SCO in March 2023, and is a potential candidate for BRICS membership.) In another move that will likely meet with the displeasure of its Western allies, Saudi Arabia additionally decided to move forward with further production cuts of 1 million barrels per day beginning in July.

Consider that, as discussed earlier, China alone has increased its trade with Russia by about 40 percent, and is set to reach a record $200 billion this year. Perhaps most importantly though, more than 70 percent of that trade has been settled in either yuan or the ruble, with the Russian central bank currently holding 40 percent of its reserves in yuan.

Pakistan has reportedly also paid for its new shipments of Moscow’s crude with Chinese yuan. Earlier in 2022, Saudi Arabia suggested the possibility of denominating its oil transactions with Beijing in the currency.

The present geopolitical system with all of its accompanying features is only made possible by the dollar reigning supreme as the world’s reserve currency. Champions of the present order faithfully hold that this system will be maintained indefinitely, guaranteed on the back of U.S. military might and Western economic dominance.

But the international environment is beginning to shift, as much due to the burgeoning economic alliances outside the confines of Western-backed international agencies as because of the policy decisions of those latter agencies and their U.S. patron. No recent move has acted as a greater accelerant to this shift than Washington’s decision to freeze and then seize the foreign currency reserves of the Russian Federation at the outset of the Ukraine war.

The weaponization of financial reserves has increased distrust in the present system to new heights. The end of dollar dominance may not be nigh, but it is a much more likely possibility than many in the West care to admit.

Russia has demonstrated that having an economy based on commodities and heavy industrial production matters more in today’s international environment than a narrow set of economic indicators such as annual GDP growth or per capita income. Should dollar dominance ever come to an end, this fact will be made painfully clear.

The United States and other Western countries have adopted an increasingly ideological perspective regarding the future course of economic development. Leaders choose to accept only information that aligns with their dogmatic beliefs.

A failure to remove its ideological blinders and comprehend political and economic conditions as they objectively exist will spell disaster for the Western bloc.

#us collapse #russia #sanctions #economics #de dollarization

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hcgdiary · 1 year

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Vegetable Oil Industry in India

The vegetable oils industry in India is a significant sector that plays a crucial role in the country's economy and food supply. India is one of the largest consumers and importers of vegetable oils globally due to its large population and dietary preferences.

The vegetable oils industry in India involves the production, processing, and marketing of various types of edible oils derived from plants. Some of the commonly used vegetable oils in India include palm oil, soybean oil, sunflower oil, mustard oil, groundnut oil, cottonseed oil and coconut oil.

Here are some key aspects of the vegetable oils industry in India:

Production: India produces a certain amount of vegetable oils domestically, primarily from oilseeds such as soybeans, groundnuts, rapeseed/mustard, sunflower, and sesame. However, domestic production is insufficient to meet the country's growing demand, leading to a significant reliance on imports.

Imports: India is one of the largest importers of vegetable oils in the world. The country imports vegetable oils from various countries such as Indonesia, Malaysia, Argentina, Ukraine, and others. Palm oil constitutes a significant portion of the imports, followed by soybean oil and sunflower oil.

Consumption: Vegetable oils are a staple ingredient in Indian cuisine and are used extensively for cooking purposes. The growing population, changing dietary patterns, and increasing urbanization have contributed to the rising consumption of vegetable oils in the country.

Processing: Vegetable oils are extracted from oilseeds through mechanical or solvent extraction methods. The oilseeds are processed in oil mills or solvent extraction units to obtain crude oil, which undergoes refining processes to produce refined vegetable oils.

Government Policies: The Indian government has implemented various policies to support the vegetable oils industry, promote domestic production, and reduce import dependency. These policies include subsidies, minimum support prices for oilseeds, research and development initiatives, and trade regulations.

Health Considerations: In recent years, there has been an increasing focus on the health aspects of vegetable oils. Consumers are becoming more conscious of factors such as trans fats, saturated fats, and overall nutritional value. This has led to a growing demand for healthier vegetable oil options and increased awareness of oil labeling and quality standards.

It's important to note that the vegetable oils industry is subject to market fluctuations, global commodity prices, weather conditions, and government policies, which can impact production, prices, and trade dynamics. For the most up-to-date information and statistics on the vegetable oils industry in India, it is advisable to refer to industry reports, trade publications, and official government sources.

#vegetable oils

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palmoilnews · 2 hours

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VEGOILS-Palm rises on stronger crude oil, weaker ringgit KUALA LUMPUR, Sept 23 (Reuters) - Malaysian palm oil futures rose on Monday, as firmer crude oil prices, stronger rival edible oils and a weaker ringgit currency underpinned the market. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 67 ringgit, or 1.7%, to 4,014 ringgit ($953.67) a metric ton at 0300 GMT. The contract gained 3.5% last week after falling for two consecutive weeks. FUNDAMENTALS Oil prices gained slightly during early trade on Monday, boosted by concerns that conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest rate cut last week will support demand. Brent crude futures LCOc1 for November were up 0.45% at $74.94 a barrel at 0253 GMT. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. Dalian's most-active soyoil contract DBYcv1 rose 0.25%, while its palm oil contract DCPcv1 added 1.05%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.68%. Palm oil tracks the price movements of rival edible oils, as they compete for a share of the global vegetable oils market. The ringgit MYR=, palm's currency of trade, weakened 0.24% against the dollar, making the commodity less expensive for buyers holding foreign currencies. Malaysian palm oil is likely to trade between 3,700 ringgit and 4,500 ringgit ($885-$1,053) a metric ton from now until June, as demand is expected to be buoyant during the Chinese Lunar New Year and the holy month of Ramadan, industry analyst Dorab Mistry said on Friday. Palm oil may revisit its Aug. 30 high of 4,003 ringgit per metric ton, driven by a powerful wave c, Reuters technical analyst Wang Tao said. MARKET NEWS Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there.

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miltonharms · 7 days

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Traded Commodities

Any transaction that requires an exchange of data, money, products, and interaction with other parties, sometimes across international borders, harbors significant risks. An effective end-to-end transfer of goods from a producer or supplier to the buyer involves several parties for success, each with a distinct role in the chain. Commodity trading refers to trading goods in large volumes on an official platform with standardized commodity contracts. The transactions and product transfers can happen through spot markets or through futures contracts on future prices. Spot markets are platforms where the commodities, securities, and currencies are traded for immediate delivery in exchange for cash. On the other hand, futures contracts require delivery of the commodity at a future date.

Commodities are broadly classified into hard and soft. Hard commodities are natural resources that require mining or extraction, such as precious metals and oil. Soft commodities are agricultural products and livestock.

Precious metals, commonly traded commodities, include gold, silver, copper, and platinum. The metals are considered to have reliable value, especially during wars and global recession, for protection against inflation and currency devaluation. The suitability of a metal as a trading commodity depends on demand, perceived value, rarity, and applicability in manufacturing, renewable energy, and defense systems. Other metals, such as elements used in motherboards, electric motors, and light-emitting diodes (LEDs), include erbium, holmium, tantalum, and dysprosium. These are referred to as rare earth metals and consist of 17 elements that are in high demand in the electronic industry.

Another commonly traded commodity is energy, which includes crude oil, gasoline, and natural gas. As the driving force of many industries, oil is one of the most traded commodities and regularly exhibits significant price swings due to supply and demand fluctuations. The high volatility in response to external factors makes energy risky to commodity investors, but opportunities for significant gains abound. The common causes of volatility include economic turmoil, manufacturing growth, advances in alternative energy, and enforcement by the Organization of the Petroleum Exporting Countries (OPEC). Investors can trade using three strategies: oil spot price, oil futures, and oil options. The oil spot price is the market rate or the present value of oil at that moment. Oil futures project the oil price at a set date in the future. Options are contracts in which traders convey an intent to purchase or sell oil at a specific price on or before a set date in the future.

Climate differences in various regions mean that some areas produce more agricultural products than others. Common crops include soybeans, cocoa, coffee, wheat, cotton, and sugar. Investors count on fluctuations in supply and demand, the effects of wars, natural calamities, and population growth to wager on profitability. Other factors that affect agricultural commodity trading include shifts in consumer preferences, advances in farming methods, government policies, urbanization, and changes in land use.

Traders also deal in livestock and livestock products. Commonly traded products include meat, milk, dairy, hides, fur, and wool. The Chicago Mercantile Exchange (CME), originally called the Chicago Butter and Egg Board, launched futures contracts on frozen pork bellies in 1961. It has grown to be a major United States exchange platform for livestock trade, with a focus on beef, pork, lamb, and poultry.

#Milton Harms

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toptrendingforexbrokers · 10 days

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FXTRADING Review: Forex Broker & Trading Markets, Legit or a Scam?

FXTRADING.com is one of the brokers that has caught the attention of many traders, but the question remains: Is FXTRADING legit or just another scam? In this comprehensive review, we take a deep dive into the broker’s offerings, legitimacy, and trading conditions to help you make an informed decision.

Overview of FXTRADING

FXTRADING is an online forex and CFD broker that aims to offer traders access to global financial markets. With its trading platform, traders can speculate on a wide range of instruments including forex, commodities, indices, and cryptocurrencies. According to its website, FXTRADING focuses on delivering an intuitive trading experience combined with advanced tools, market research, and 24/5 customer support.

Regulation and Licensing

One of the most important factors to consider when choosing a broker is its regulatory status. FXTRADING claims to be fully regulated under several authorities, which is a crucial indicator of its legitimacy.

Australian Securities and Investments Commission (ASIC): FXTRADING holds a license from ASIC, one of the strictest financial regulators in the world. This provides a layer of protection for traders in Australia and globally.

Vanuatu Financial Services Commission (VFSC): FXTRADING also holds a regulatory license from the VFSC, though this is generally considered to be a lighter form of oversight compared to other top-tier regulators.

While regulation from ASIC is a positive sign, the VFSC’s lighter regulation might raise some concerns for cautious traders. However, having multiple licenses offers more transparency and credibility compared to unregulated brokers.

FXTRADING Account Types

FXTRADING offers several types of trading accounts tailored to meet the needs of different types of traders. Whether you are a beginner or a professional trader, FXTRADING has something for you.

Standard Account: This account is designed for beginner traders or those looking for a straightforward trading environment. It features commission-free trading, with wider spreads that cover the cost of trading.

Pro Account: Aimed at experienced traders, the Pro Account offers lower spreads and charges a commission on trades. The combination of tight spreads and commissions allows traders to benefit from high liquidity in the market.

VIP Account: For high-volume traders, the VIP account provides even more competitive pricing. With access to premium support and exclusive market insights, this account type is ideal for those seeking professional-grade trading conditions.

Trading Platforms

FXTRADING offers a variety of platforms to cater to the diverse needs of its clients:

MetaTrader 4 (MT4): MT4 is a widely recognized trading platform, popular for its user-friendly interface and powerful analytical tools. It supports automated trading and a wide range of charting options.

MetaTrader 5 (MT5): MT5 is an upgraded version of MT4, offering additional features such as more timeframes, indicators, and asset classes to trade. Traders can easily switch between platforms based on their preferences.

FXTRADING App: The broker also offers a mobile app that allows traders to trade on the go. The app is fully optimized for both Android and iOS devices and provides access to live charts, technical analysis, and quick execution.

Trading Instruments

One of the standout features of FXTRADING is the variety of assets it offers to traders. These include:

Forex: FXTRADING provides access to more than 70 currency pairs, including majors, minors, and exotic pairs. With leverage up to 1:500, forex traders can maximize their potential returns, though they should also be aware of the risks associated with high leverage.

Commodities: Traders can speculate on commodities like gold, silver, crude oil, and more. Commodities are often favored for their hedging capabilities, especially in times of market volatility.

Indices: Global stock indices such as the S&P 500, NASDAQ, and FTSE 100 are available for trading. These instruments allow traders to take advantage of macroeconomic trends affecting major economies.

Cryptocurrencies: FXTRADING offers the option to trade cryptocurrencies like Bitcoin, Ethereum, and Ripple, which can be highly volatile and provide exciting trading opportunities.

Trading Conditions

FXTRADING prides itself on offering competitive trading conditions, including fast execution, low latency, and tight spreads. Let’s break down some of the key features:

Spreads: FXTRADING claims to offer spreads as low as 0.0 pips on major forex pairs for its Pro and VIP accounts. Standard accounts have wider spreads to accommodate commission-free trading.

Leverage: Depending on the jurisdiction and account type, leverage can go up to 1:500. High leverage is a double-edged sword, as it can amplify both profits and losses.

Execution: The broker offers STP (Straight-Through Processing) execution, meaning that there are no dealing desk interventions. This can result in faster trade execution and less slippage, especially during volatile market conditions.

Deposits and Withdrawals

FXTRADING provides various methods for deposits and withdrawals, making it easy for traders to manage their funds. Some of the options include:

Credit/Debit Cards: Visa, MasterCard

Bank Wire Transfers

E-wallets: Skrill, Neteller, and others

Deposits are generally processed instantly, while withdrawals may take between 1–3 business days, depending on the method chosen. It’s worth noting that fees may apply depending on the payment provider and the country of residence.

Customer Support

Another important factor in evaluating a broker is the quality of its customer support. FXTRADING offers 24/5 support via multiple channels:

Live Chat: Immediate assistance for traders seeking quick resolutions.

Email Support: For more detailed queries, traders can reach out via email.

Phone Support: FXTRADING offers phone support for traders who prefer direct communication.

The availability of multiple support options, combined with responsive service, makes FXTRADING reliable when it comes to client relations.

Educational Resources

FXTRADING understands that knowledge is key to successful trading. As such, the broker offers a variety of educational materials, including:

Webinars

Video Tutorials

Market Analysis: Daily updates on market trends

Ebooks: For in-depth trading guides

These resources are especially helpful for new traders who need guidance in navigating the forex and CFD markets.

Is FXTRADING Legit or a Scam?

After carefully reviewing FXTRADING’s offerings, it’s clear that the broker operates with a level of transparency that sets it apart from questionable platforms. The fact that it is regulated by ASIC and holds additional licenses from the VFSC is a significant point in its favor. While traders should always be cautious and conduct their own due diligence, there is no strong indication that FXTRADING is a scam. On the contrary, the broker appears to offer a solid trading environment for both novice and experienced traders.

Final Verdict

FXTRADING.com presents itself as a reliable broker with a variety of trading instruments, competitive spreads, and solid customer support. Although there are some concerns regarding its secondary VFSC regulation, the presence of an ASIC license and favorable trading conditions make it a credible option for traders.

In the fast-paced world of forex trading, choosing a trustworthy broker is essential. With so many platforms available, traders need to ensure that the one they select provides not only reliable trading environments but also maintains regulatory compliance. FXTRADING.com is one of the brokers that has caught the attention of many traders, but the question remains: Is FXTRADING legit or just another scam? In this comprehensive review, we take a deep dive into the broker’s offerings, legitimacy, and trading conditions to help you make an informed decision.

Overview of FXTRADING

Regulation and Licensing

FXTRADING Account Types

FXTRADING offers several types of trading accounts tailored to meet the needs of different types of traders. Whether you are a beginner or a professional trader, FXTRADING has something for you.

Trading Platforms

FXTRADING offers a variety of platforms to cater to the diverse needs of its clients:

Trading Instruments

One of the standout features of FXTRADING is the variety of assets it offers to traders. These include:

Commodities: Traders can speculate on commodities like gold, silver, crude oil, and more. Commodities are often favored for their hedging capabilities, especially in times of market volatility.

Indices: Global stock indices such as the S&P 500, NASDAQ, and FTSE 100 are available for trading. These instruments allow traders to take advantage of macroeconomic trends affecting major economies.

Cryptocurrencies: FXTRADING offers the option to trade cryptocurrencies like Bitcoin, Ethereum, and Ripple, which can be highly volatile and provide exciting trading opportunities.

Trading Conditions

FXTRADING prides itself on offering competitive trading conditions, including fast execution, low latency, and tight spreads. Let’s break down some of the key features:

Spreads: FXTRADING claims to offer spreads as low as 0.0 pips on major forex pairs for its Pro and VIP accounts. Standard accounts have wider spreads to accommodate commission-free trading.

Leverage: Depending on the jurisdiction and account type, leverage can go up to 1:500. High leverage is a double-edged sword, as it can amplify both profits and losses.

Deposits and Withdrawals

FXTRADING provides various methods for deposits and withdrawals, making it easy for traders to manage their funds. Some of the options include:

Credit/Debit Cards: Visa, MasterCard

Bank Wire Transfers

E-wallets: Skrill, Neteller, and others

Customer Support

Another important factor in evaluating a broker is the quality of its customer support. FXTRADING offers 24/5 support via multiple channels:

Live Chat: Immediate assistance for traders seeking quick resolutions.

Email Support: For more detailed queries, traders can reach out via email.

Phone Support: FXTRADING offers phone support for traders who prefer direct communication.

The availability of multiple support options, combined with responsive service, makes FXTRADING reliable when it comes to client relations.

Educational Resources

FXTRADING understands that knowledge is key to successful trading. As such, the broker offers a variety of educational materials, including:

Webinars

Video Tutorials

Market Analysis: Daily updates on market trends

Ebooks: For in-depth trading guides

These resources are especially helpful for new traders who need guidance in navigating the forex and CFD markets.

Is FXTRADING Legit or a Scam?

Final Verdict

#Fx Trading #Fx Trading News #Fx Trading Platform #Fx Trading Account #Fx Trading Signals #Fx Trading Forex #Fx Trading Broker #Fx Trading Trading Platform #forex trading #forex broker #forex market #forextrading #cfd trading forex #cfd trading platform

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hmatrading0 · 1 month

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Gold rate forecast

Gold Rate Forecast Prediction Stay updated in the market with our accurate gold rate forecast today pune, mumbai, bangalore, ahmedabad and more city Trust our reliable forecasts and secure your financial future.

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#crude oil price forecast for next week #angel one login process #crude oil price prediction tomorrow in india #Options Trading Guide

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chemanalystdata · 13 days

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Biodiesel prices are an important factor in the renewable energy market, influencing both the cost of transportation and broader environmental initiatives. As biodiesel emerges as a sustainable alternative to traditional fossil fuels, its pricing has become a key area of focus for stakeholders, including manufacturers, consumers, and governments. The factors influencing biodiesel prices are diverse, ranging from raw material availability to government policies and international market dynamics. Understanding these influences is essential for both businesses and individuals aiming to adopt biodiesel as part of a greener lifestyle.

The raw materials, also known as feedstocks, used in biodiesel production are one of the primary determinants of biodiesel prices. These feedstocks include vegetable oils, animal fats, and recycled cooking oils. Each of these materials has its own supply chain dynamics, which affect the overall cost of production. For example, the price of vegetable oils such as soybean or palm oil can fluctuate significantly due to weather conditions, agricultural practices, and global demand. Similarly, the availability of animal fats and recycled cooking oils can vary based on regional supply and the efficiency of collection systems. As a result, biodiesel prices are often subject to volatility driven by the fluctuations in feedstock availability.

Get Real Time Prices for Biodiesel: https://www.chemanalyst.com/Pricing-data/biodiesel-77

In addition to feedstock costs, government policies play a significant role in determining biodiesel prices. Many countries offer subsidies or tax incentives to encourage the production and use of biodiesel, which can reduce the overall cost to consumers. However, these policies vary widely across different regions, leading to price disparities. In some cases, governments may impose tariffs on imported biodiesel to protect domestic producers, further influencing market prices. Regulatory frameworks also impact biodiesel prices, particularly in terms of emissions standards and blending mandates. For instance, countries with strict emissions regulations may require higher blends of biodiesel in diesel fuel, increasing demand and potentially driving up prices.

The international oil market also exerts a considerable influence on biodiesel prices. Since biodiesel competes with traditional diesel, its price is often linked to fluctuations in crude oil prices. When crude oil prices rise, biodiesel can become a more attractive option, leading to increased demand and higher prices. Conversely, when oil prices fall, biodiesel may become less competitive, putting downward pressure on prices. This connection to the global oil market means that biodiesel prices can be affected by geopolitical events, trade disputes, and shifts in global energy consumption patterns.

Production costs are another critical factor in biodiesel pricing. The process of converting feedstocks into biodiesel involves several steps, including transesterification, purification, and transportation. Each of these stages incurs costs, which can vary depending on the scale of production and the efficiency of the technology used. Larger biodiesel producers may benefit from economies of scale, allowing them to offer lower prices. However, smaller producers may face higher production costs, which can result in higher prices for their biodiesel products. Technological advancements in biodiesel production are helping to reduce these costs over time, but the initial investment required for new technology can also contribute to higher prices in the short term.

Another factor affecting biodiesel prices is the level of demand from different sectors. The transportation industry is the largest consumer of biodiesel, but other sectors, such as agriculture and power generation, are increasingly adopting biodiesel as a fuel source. As demand grows across multiple industries, prices may rise due to the increased competition for available supplies. Seasonal variations in demand can also influence prices. For example, the colder winter months often see higher demand for heating oil, which can drive up the price of biodiesel used for similar purposes. On the other hand, during periods of lower demand, biodiesel prices may experience a temporary decline.

Transportation and distribution costs also play a role in biodiesel pricing. The cost of transporting biodiesel from production facilities to end consumers can vary depending on the distance and infrastructure available. Regions with well-developed transportation networks may benefit from lower distribution costs, resulting in more affordable biodiesel prices. In contrast, areas with limited infrastructure or longer transportation routes may face higher costs, which are passed on to consumers in the form of higher prices. The logistics of storing and distributing biodiesel also contribute to its overall cost, particularly in regions where specialized storage facilities are required to prevent degradation.

Environmental factors and sustainability considerations can further impact biodiesel prices. As the global focus on reducing carbon emissions intensifies, the demand for biodiesel and other renewable fuels is expected to rise. This increased demand may drive up prices, particularly if supply struggles to keep pace. At the same time, the environmental benefits of biodiesel, such as lower greenhouse gas emissions and reduced air pollution, may make it a more attractive option for consumers willing to pay a premium for sustainable fuel. Furthermore, companies and governments aiming to meet sustainability targets may prioritize biodiesel over traditional fuels, influencing market dynamics and price trends.

The future of biodiesel prices will likely be shaped by ongoing developments in technology, policy, and market demand. As renewable energy continues to grow in importance, biodiesel is poised to play a critical role in the transition to a more sustainable energy system. However, its price will remain subject to the same factors that influence other commodities, including supply and demand, production costs, and regulatory environments. Innovations in feedstock sourcing, production processes, and distribution logistics could help reduce prices over time, making biodiesel a more competitive option in the global energy market. At the same time, the continued push for greener energy solutions may create opportunities for biodiesel producers to expand their market share, potentially leading to higher prices in the short term as demand outpaces supply.

In conclusion, biodiesel prices are shaped by a complex interplay of factors, including feedstock costs, government policies, global oil market trends, production expenses, demand from various sectors, and environmental considerations. As the world transitions towards cleaner energy, biodiesel will likely become an increasingly important fuel source, with its price reflecting both its value as a sustainable alternative and the challenges associated with its production and distribution.

Get Real Time Prices for Biodiesel: https://www.chemanalyst.com/Pricing-data/biodiesel-77

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: [email protected]

Website: https://www.chemanalyst.com

#Biodiesel #Biodiesel Price #Biodiesel Prices #Biodiesel Pricing #Biodiesel News #Biodiesel Price Monitor #Biodiesel Database #Biodiesel Price Chart

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dragonflycap · 1 month

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4 Trade Ideas for Caterpillar: Bonus Idea

Caterpillar, $CAT, comes into the week pushing over short term resistance. This move comes off a touch at the 200 day SMA for the first time since November and 38.2% retracement of the last leg higher. It ended Friday over the 50 day SMA with the RSI rising through the midline and the MACD curling to cross up, but negative. There is resistance at 341.50 and 351 then 363 and 372.50 before 382. Support lower is at 335 and 330 then 325. Short interest is low at 2.2%. The stock pays a dividend with an annual yield of 1.67% and has traded ex-dividend since July 22nd.

The company is expected to report earnings next on October 29th. The August options chain shows biggest open interest at the 340 then 325 put strikes and at 330 on the call side. The September chain has open interest from 360 to 250, biggest at 290 on the put side. The call side is biggest at 330. The October chain is biggest at the 310 put and then 390 call strikes. Finally, the November chain, covering the earnings report, is big from 300 to 290 on the put side and builds from 320 to a peak at 380 on the call side.

Caterpillar, Ticker: $CAT

Trade Idea 1: Buy the stock on a move over 339 with a stop at 325.

Trade Idea 2: Buy the stock on a move over 339 and add a September 330/320 Put Spread ($3.15) while selling the October 380 Call ($3.00).

Trade Idea 3: Buy the September/October 360 Call Calendar ($4.00) while selling the October 300 Put ($3.55).

Trade Idea 4: Buy the November 310/340/360 Call Spread Risk Reversal (25 cents).

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the first week of August in the books, sees equity markets showing resilience with a rebound from an ugly start induced by growing narrative of recessionary fears.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a narrowing range. The US Dollar Index continues to drift in broad consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets consolidate under long term resistance.

The Volatility Index looks to have settled after a spike to 4 year highs removing the pressure on equity markets for now. The SPY and QQQ ETF charts continue to look strong on the longer timeframe. On the shorter timeframe both the QQQ and SPY have reset on momentum measures but also have a lot of upside work to put in before they are looking strong. The IWM is now just in consolidation mode again after a failed break higher. Use this information as you prepare for the coming week and trad’em well.

#$CAT

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mariacallous · 2 years

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US Plans 200% Tariff on Russia Aluminum as Soon as This Week

The US is preparing to slap a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation.

President Joe Biden has yet to give the official go-ahead, and there have been concerns in the administration about collateral damage on US industries, including aerospace and automobiles, said the people, who asked not to be identified discussing internal deliberations.

The move, which has been contemplated for months, is also aimed at Russia, the world’s second-largest aluminum producer, because Moscow has been dumping supplies on the US market and harming American companies. The timing of the decision could slip past this week, one of the people said.

The White House National Security Council didn’t immediately respond to requests for comment.

The escalation of pressure on Moscow comes after Washington unleashed unprecedented levels of sanctions to punish and isolate President Vladimir Putin’s government, including freezing its central bank assets globally, targeting its banking, technology and defense sectors and sanctioning individuals linked to Putin.

The move against aluminum also continues efforts by the US and European Union to blunt Russia’s role as global commodities powerhouse. The EU has banned imports of Russian oil, gas and fuels in an attempt to cut its reliance on Moscow. The impact of that move, however, has been mitigated by a redrawing of the global oil trade map, with most crude supplies going now to China and India at lower prices.

There’s no indication so far that the EU is planning a similar move on Russian aluminum.

US Market

Russia, the world’s largest aluminum producer after China, has been a significant source of material for the US market. Most of it is value-added items, rather than in bulk product, with US buyers ranging from building and construction to automotive.

Such a steep tariff would effectively end US imports of the metal from Russia. While the country has traditionally accounted for 10% of total US aluminum imports, the amount has dropped to just more than 3%, according to US trade data.

The tariff option would be less severe than actions considered last year by the administration, including an outright ban or sanctions on Russia’s sole producer of the metal, United Co. Rusal International PJSC. Such a move risked wider market disruptions, by making Russian supplies essentially toxic for buyers globally.

Rusal shares in Moscow were trading down as much as 3% on Monday after the news. The company declined to comment.

As the White House has weighed action on Russian aluminum, buyers in the US had been discussing the potential of alternate supply in the event of a ban, tariff or sanction. Industry participants in recent months have also tried to game plan where Russian metal would go if it was suddenly blocked out of the US market, as well as Europe, with many speculating that it could be transshipped via China or other countries and reexported, obscuring its origins.

Industry Support

Aluminum prices dropped about 15% last year amid worries of a slowing global economy and the ongoing pandemic lockdowns in China, the world’s largest consumer.

Aluminum futures traded on the London Metal Exchange on Monday briefly erased gains and rose as much as 0.6% on news of the tariffs, before declining 1.7% to $2,526.50 a metric ton as of 3:25 p.m. London time.

The Aluminum Association, a trade group that represents the industry in the US, said in a statement Monday that “the aluminum industry stands in support of any and all efforts deemed necessary by the US government and its NATO allies” to address Russia’s invasion. “This is a global security and humanitarian disaster that goes far beyond the interests of any single industry.”

US imports of Russian aluminum had dropped to near zero in October as the administration weighed a ban, worrying domestic buyers who didn’t want to be stuck with the material. Imports rebounded to 11,600 tons in November before easing back to 9,700 tons in January.

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