Interesting Chinese export trade flows during a smaller crop has the world market shifting itself in response to Russia’s invasion of Ukraine.
The Zhengzhou spot and second month settled at CNY5,812 and CNY5,848 per tonne respectively on May 16, following the stronger New York close on Friday. Prices ex warehouse was quoted as follows: CNY per tonne inclusive of VAT May-16 Apr-22 Guangxi 5,820 5,820 Yunnan 5,730 5,780 Shandong 6,200 6,200 Tangshan 6,125 6,150 Two shipments of
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