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18:55
An executive from Petrobras stated that with international oil prices falling and the dual boost from a ceasefire agreement in the Iran conflict, previously postponed refinery maintenance and equipment overhauls will be able to proceed smoothly.Supported by these two favorable factors, relevant refineries can carry out routine maintenance during a window in which operational and maintenance costs remain relatively manageable and risks of regional energy supply fluctuations are low. This also benefits the stable release of subsequent refining capacity.
18:55
An executive revealed that Petrobras plans to resume construction of the Mato Grosso fertilizer plant before September this year.The restart of this project also means that Brazil will further enhance its domestic fertilizer production capacity, reduce its dependence on imported fertilizers, and play a positive role in ensuring the stability of the domestic agricultural industrial chain and lowering agricultural production costs.
18:51
Goldman Sachs raised its aluminum price forecasts for the London Metal Exchange (LME), adjusting the average price predictions for the third quarter of 2026 and for 2027 from the previous $3,200 per ton and $2,750 per ton to $3,300 per ton and $2,950 per ton, respectively.As an internationally renowned investment bank, Goldman Sachs' commodity price forecasts typically take into account multiple factors including supply and demand fundamentals, macroeconomic trends, and changes in relevant industry policies. This recent upward revision in aluminum price expectations also reflects, to some extent, the institution's relatively optimistic outlook on the future supply-demand dynamics or price trends of the aluminum market. However, subsequent market trends will still need to be further verified by actual supply and demand data.
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MoreGoldman Sachs raised its aluminum price forecasts for the London Metal Exchange (LME), adjusting the average price predictions for the third quarter of 2026 and for 2027 from the previous $3,200 per ton and $2,750 per ton to $3,300 per ton and $2,950 per ton, respectively.
The Supreme National Security Council of Iran stated that the relevant management agencies of the Persian Gulf Strait have received instructions to issue permits for transit applications in the shortest possible time.
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