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Venezuela buy coke
Venezuelan petroleum coke exporters have lowered shipments to China and halted supplies to India recently, but they restarted sales to Turkey and Brazil as a shift in contract pricing adjusts arbitrages. Turkey, historically one of Venezuela's key consumers, could once again become a stable buyer of the country's coke going forward after taking none between December and July of this year, market participants said. Global imports of Venezuelan coke rose to ,t in July from ,t in June and ,t in July , according to customs data from partner countries compiled by Global Trade Tracker GTT. Venezuela does not report export data. But although overall global receipts of Venezuelan coke rose, Indian imports of Venezuelan coke fell to zero in July for the first time since May , according to GTT. This was despite a 16pc overall increase in Indian coke imports from June. Shipments to China, which has been the largest buyer of Venezuelan coke over the past year, have also declined recently. China imported ,t in July and ,t in June, maintaining its spot as the largest buyer. Loadings to China from Venezuela were heard to have halted over the last two months, with no ships loaded for China in July or August and none scheduled to load in September or October. Meanwhile, Turkey imported coke from Venezuela in July for the first time this year. Brazil also received about 30,t of coke in July — the third cargo this year after 27,t in May and 35,t in February. Venezuela was set to ship two more vessels to Brazilian cement plants in August, one trader said. In addition, about 4,t of coke were delivered to Iran in July, the first Venezuelan shipment to the country, GTT data show. While the reasons for the change in export destinations are not entirely clear, it appears to be related to an adjustment in Venezuela's coke export contracts this year. Some traders who had previously sold to India had supply relationships with Maroil Trading, a Geneva, Switzerland, firm that had a contract to market Venezuelan coke. But since earlier this year, a change in Maroil's contract with state-owned oil company PdV has adjusted fob prices to be based on the US Gulf 4. The delivered India 4. And freight from Venezuela to India is higher, increasing costs for sellers. These higher fob costs have caused Venezuelan coke to lose market share in India. And shipments to China may have dropped because of high inventories at ports, including older cargoes from Venezuela that could not find local buyers. China received about 2. Lower freight costs from Venezuela to Brazil might be the reason for increasing shipments along this route. But this coke was offered through new trading firms that may have different cost structures. Turkey's state oil company Turkish Petroleum International TPIC and PdV have a long relationship and the Turkish government could be unofficially supporting Venezuelan coke imports as part of a broader agreement with the Venezuelan government. Venezuelan coke imports 't Delivered India 4. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one. Washington, 17 October Argus — Eastern US railroad said it expects that fourth quarter commodity market conditions will be mixed, limiting some freight demand. But the railroad expects 'modest volume growth', supported by a few segments including chemicals and agriculture. But lower locomotive fuel prices and the impact of international coking coal prices, which are linked to export rail contracts, could drive a decrease in total revenue during the fourth quarter. CSX expects to see a carryover of year-over-year momentum in chemicals, agriculture and food, forest products and minerals, while metals and automotive will continue to be challenged. Demand for metals shipments is predicted to soften through the end of the year. Interest in shipments, particularly steel, is soft because of 'sluggish demand, ample supply and low commodity prices', chief commercial officer Kevin Boone said. A weaker-than-anticipated automotive market contributed to the drop in metals demand. Consumer demand for automotive products has been reduced by high retail prices and interest rates, which has led to increased dealer inventories and slower production, Boone said. But CSX expects that an 'interest rate easing cycle will help these markets normalize,' Boone said. Metals and equipment volume fell in the second quarter, primarily because of lower steel and scrap shipments. Shipments of metals and equipment fell by 9pc to about 64, carloads compared with the same three months in Automotive volume dropped in the second quarter because of lower North American vehicle production, CSX said. Automotive traffic fell to , railcars loaded, down by 2pc from the third quarter The outlook for fertilizer shipments is mixed following the third quarter as a decline in long-haul phosphates shipments persisted. Volume was negative, but the railroad was able to haul some profitable spot shipments. Shipments of fertilizer fell to 45, carloads in the third quarter, down by 4pc from a year earlier. CSX expects growth in some market segments. Chemicals freight demand is expected to continue growing following 'consistent, broad strength across plastics, industrial chemicals, LPGs, and waste. That demand helped boost chemicals volume by 9pc compared with a year earlier. Agricultural and food products shipping demand is expected to continue growing, led by demand for grain and feed ingredients from the Midwest for supplies. That follows a third quarter when higher ethanol shipments, as well as increased overall volume helped raise volume by 9pc from the third quarter of CSX expects intermodal growth to continue with the trucking market falling, which would help drive more container freight to rail. Intermodal shipments are goods shipped in containers and trailers between different modes of transportation. The October strike by the International Longshoremen's Association ILA did impact intermodal traffic, but the railroad was pleased with the 'relatively quick short-term solution', Boone said. International intermodal volume during the third quarter rose because of higher east-coast port traffic. Domestic volume was mostly flat. Overall intermodal volume during the quarter increased by 3pc compared with a year earlier. CSX does not expect a major shift in coal volume through the end of the year as coal markets seem relatively stable and utility stockpiles are sufficient, Boone said. Rising natural gas prices are also unlikely to stimulate a 'near-term step-up in volumes'. Export coal demand has been consistent lately, particularly from buyers in Asia. But revenue per railcar for export coal could make a modest single digit drop, as contracts are tied to international coal benchmarks and prices fell earlier this year. Expport coal voume rose to But domestic coal deliveries fell to Rail coal volume fell by 2pc from a year earlier, while revenue dropped by 7pc to mn st. By Abby Caplan Send comments and request more information at feedback argusmedia. Argus Media group. All rights reserved. Houston, 9 October Argus — The quality of some California-origin petroleum cokes has shifted in recent months as an influx of Canadian crude shipping via the TMX pipeline has adjusted refiner's crude slates and displaced imports from Latin America and the Middle East. California's Canadian crude imports from January-July totalled Canadian crude accounted for 9pc of California's crude imports in the first seven months, up from 4pc in the same period the year prior. The state's imports of Canadian crude in June and July, the first two months of full TMX operations, were up nearly fivefold on the year. PBF's Martinez imported , bl of Canadian crude from June-July, more than quadruple the amount in the same two months of of Additionally, the sulphur content of Martinez's Canadian crude imports was significantly higher on the year, averaging 1. At the same time, the refiner also increased sour Ecuadorian crude imports by 95pc on the year. Martinez's crude imports had an average sulphur content of 1. The refinery's coke was recently heard to be reaching more than 2. On the other hand, Phillips 66's Carson refinery's coke quality was recently heard to be around or even below 3pc sulphur, down from its typical 4. Carson's Canadian crude imports' sulphur content in June-July averaged 2. Carson also did not import any sour Saudi Arabian crude in June-July, compared with 2. At the same time, Carson increased purchases of sweet Guyanese crude to 1. But Carson and Martinez's coke sulphur content may soon increase as TMX crude becomes more common on the US west coast, market participants said. This could leave Asian buyers searching for 2pc and 4. By Delaney Ramirez Send comments and request more information at feedback argusmedia. Houston, 7 October Argus — Kinder Morgan is planning to shut its terminals and fuel racks in Tampa, Florida, on Tuesday as the region prepares for Hurricane Milton to make landfall Wednesday evening. The terminals handle a wide range of bulk products including fertilizers, scrap metal, petroleum coke and coal according to Kinder Morgan's website. Kinder's Tampa refined products terminal has 1. The airport said today that it will cease operations the morning of 9 October in advance of the hurricane. By Nathan Risser Hurricane Milton projected path Send comments and request more information at feedback argusmedia. A market participant said the Kirkuk cargo was shipped from a Mideast Gulf loading point. A political stand-off since March has meant northern Iraq crude cannot be supplied into the Mediterranean region via the pipeline from Kirkuk to Ceyhan, southeast Turkey. The switch to the bitumen-rich crude, after lighter grades had been run through Pancevo in recent months, has also allowed Nis to restart its polymer-modified bitumen PMB manufacturing plant at Pancevo this week. The higher quality grade, which is produced by adding polymers like styrene-butadiene-styrene SBS in the initially produced bitumen mix, is increasingly used on some road, highway and airport projects. Nis plans to run another bitumen-yielding Iraqi crude, Basrah Medium, along with Kirkuk this month, helping significantly boost bitumen production for supply into the country's domestic and export markets — mainly Romania and Bosnia-Herzegovina. The heavier crudes will yield very high-sulphur grades of petcoke, the market participant said. By Keyvan Hedvat Send comments and request more information at feedback argusmedia. Washington, 30 September Argus — Some railroad operations in the southeastern US have resumed in the aftermath of Hurricane Helene, but major carriers warn that some freight may be delayed while storm-damaged tracks are repaired. Rail lines in multiple states were damaged after Hurricane Helene made landfall on the northeastern Florida coast on 26 September as a category 4 storm and traveled northwards as a downgraded but still dangerous storm into Georgia, Tennessee, and the Carolinas. The storm left significant rain and wind damage in its wake, including washed-away roads, flooded lines, downed trees and power outages. Norfolk Southern said it had made 'significant progress' towards its recovery with most major routes back in service including its Chattanooga, Tennessee, to Jacksonville, Florida, line as well as its Birmingham, Alabama, to Charlotte, North Carolina route. Norfolk Southern said freight moving through areas that are out of service could 'see delays of 72 hours'. Several of Norfolk Southern's other routes remain out of service, including rail lines east and west of Asheville, North Carolina, because of historic levels of flooding. There are multiple trees to remove along a mile stretch from Macon, Georgia, to Brunswick, Georgia. And downed power lines are keeping the railroad's lines from Augusta, Georgia, to Columbia, South Carolina, and Millen, Georgia, out of service. CSX said 'potential delays remain' but did not provide specifics. However, the railroad said it had made 'substantial progress' in clearing and repairing its network. The railroad's operations in Florida have mostly reopened, as have rail lines in its Charleston subdivision, which crosses South Carolina and Georgia. A portion of the line running from Erwin, Tennessee, to Spartanburg, South Carolina, has been cleared, but CSX said 'a long-term outage' is expected for other parts of the rail line. Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. Marketing changes cause destination shifts While the reasons for the change in export destinations are not entirely clear, it appears to be related to an adjustment in Venezuela's coke export contracts this year. By Alexander Makhlay Venezuelan coke imports 't. Delivered India 4. Related news posts Argus illuminates the markets by putting a lens on the areas that matter most to you. Business intelligence reports Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. Learn more.
A little less than a gram of high quality coke can be bought for the equivalent of $10 in the city. He does not have huge numbers of customers.
Venezuela buy coke
She is on the hunt for some crack or some bazuco , a type of smokable coca paste used by the poorest in the country. Due to spiralling poverty in Venezuela, those with addictions are struggling more than ever to come up with the money to buy drugs. But the bazuco dealers are different. They will take any payment. As well as bolivar notes, they also take food products in exchange for drugs, like corn flour or rice. It is bizarre that in a country next door to Colombia, the biggest cocaine producer in the world, most people in Venezuela struggle to afford even low grade cocaine products such as bazuco. One way drug users have found, amid the chaos of hyperinflation, to gather the money needed to keep the drug market afloat is at the huge, snaking queues of cars and trucks outside gas stations. Venezuela suffers, among many other things, from a severe shortage of fuel. Gas stations get fuel maybe once a week, making queues that can last days and can be several kilometers long. People fight for spots and have to sleep in their cars. But this situation has created a new way of scraping together cash for people in need of drugs. David is a year-old unemployed handy man. In Maracaibo, the market for heroin has almost completely collapsed due to the economic and migratory meltdown. We could only find one place selling it. Bazuco tends to disappear for a couple of days at a time when the price of the dollar goes down. Not everyone finds it hard to afford drugs. I spoke to one of several high-end dealers in the city who deliver to upper- and middle-class cocaine users and use the banking app Zelle. He does not have huge numbers of customers, but they spend enough to sustain a niche market. Yet there is one thing in common among five dealers I spoke to: No matter what they sell, none of them are doing better than five years ago. All of them miss their clients, many of whom, out of desperation, have migrated away from the crisis in this county to live abroad. They can even pinpoint where in the world their buyers have ended up, missing them as if they are family. The sheer size of Caracas and the professionalization of its drug market has made it more resilient than regional markets, said Antillano. The market is mainly reliant on weed sales, with cocaine uncommon and heroin even more so. In cities such as Merida in the Andes, or Cumana in the east, things are more like Maracaibo, according to local drug treatment agencies. Back in Maracaibo, Poly finished her Tuesday empty handed, and desperately called her boss to change the payment to cash, which she managed. So the next day we made the walk yet again. No one had any change. It happens with food. It happens with crack. But Poly was finally happy, taking some 24 hours and surely 10 kilometers of walking to score once. By Manisha Krishnan. By Nathaniel Janowitz. By Max Daly. Share: X Facebook Share Copied to clipboard. Videos by VICE. Read Next.
Venezuela buy coke
Venezuelan petroleum coke exporters have lowered shipments to China and halted supplies to India recently, but they restarted sales to Turkey and Brazil.
Venezuela buy coke
Venezuela buy coke
State has described Venezuela as a preferred drug trafficking route, predominately for moving cocaine to global markets. In April we reported to.
Venezuela buy coke
Venezuela buy coke
Venezuela buy coke
How can I buy cocaine online in Victoria
Venezuela buy coke