Brazil’s new production season for GT derivatives is starting soon, though dry weather in southeast Brazil has maintained yields at lower levels. Shipping delays and lack of available space out of Brazilian ports remains a major issue for the region.
10/19/21: Prices from China have started to firm up on all GT derivatives. In early August, prices had dropped a bit and remained stable, though they soon began to rise again near the end of the same month. Since China’s Mid Autumn Festival, prices have continued to rise steadily, culminating in a large price increase on most items post-Golden Week. Certain items have gone up nearly 10% in price over just 7 days, which has broadly been attributed to the sudden restrictions placed upon Chinese power plants. Since October 5th, all factories in China have had to reduce their consumption of power, which affects their maximum production capacity. Materials out of China are used to produce all manner of other resources including steel, coal, and logistical supplies.
7/21/21: Prices out of China have slightly decreased (2-3%). Unfortunately, due to the increasing cost of ocean freight, materials are still priced exorbitantly higher than normal.
