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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Domestic Iron Ore Prices Were Mixed Last Week, And To Rise This WeekLast week, iron ore prices in Tangshan, Qian'an, Qianxi and Chengde in Hebei province were raised by 10-15 yuan/mt. Prices in western Liaoxi, including Chaoyang, Beipiao, and Jianping were largely unchanged. The prices in east China were lowered by 40-50 yuan/mt.Leading steel mills in Tangshan raised the bid price of concentrates last week. Recently, there was news of production resumptions at the local beneficiation plants. It is understood that a large private mine in Qianxi may resume normal production at the end of June. But concentrates prices will have support as local concentrates supply is still tight. On the demand side, although there were rumours of crude steel output reduction in the market, there were no expectations of production restrictions in the near future. Concentrates demand will be supported.The supply remains tight, and beneficiation plants raised prices. On the demand side, profits at steel mills have not improved significantly, and they continued to push for lower prices. But considering the recent strong overseas prices, domestic iron ore prices are likely to rise.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
|
YES
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Domestic Iron Ore Prices Were Mixed Last Week, And To Rise This WeekLast week, iron ore prices in Tangshan, Qian'an, Qianxi and Chengde in Hebei province were raised by 10-15 yuan/mt. Prices in western Liaoxi, including Chaoyang, Beipiao, and Jianping were largely unchanged. The prices in east China were lowered by 40-50 yuan/mt.Leading steel mills in Tangshan raised the bid price of concentrates last week. Recently, there was news of production resumptions at the local beneficiation plants. It is understood that a large private mine in Qianxi may resume normal production at the end of June. But concentrates prices will have support as local concentrates supply is still tight. On the demand side, although there were rumours of crude steel output reduction in the market, there were no expectations of production restrictions in the near future. Concentrates demand will be supported.The supply remains tight, and beneficiation plants raised prices. On the demand side, profits at steel mills have not improved significantly, and they continued to push for lower prices. But considering the recent strong overseas prices, domestic iron ore prices are likely to rise.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Raw Material Shortages Force Mines In China To Cut OutputSome iron ore mines in east China are expected to cut output due to raw material shortages.The average imported ore price index rose last week. Therefore, local iron ore prices will have upward room.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Raw Material Shortages Force Mines In China To Cut OutputSome iron ore mines in east China are expected to cut output due to raw material shortages.The average imported ore price index rose last week. Therefore, local iron ore prices will have upward room.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulyCrude oil rose today. As of 15:01 CST today, WTI oil and Brent oil rose 1.48% and 1.38% respectively. The U.S. Dollar index rose 0.14% as of 15:01.Saudi Arabia announced it would implement an additional cut of 1 million barrels per day in July, bringing its output down to 9 million barrels per day.Recently, the speeches of Fed officials have been divided, although the growth rate of non-agricultural employment in the United States accelerated in May after seasonal adjustment, marking the largest increase since January 2023, which shows that the US labour market is quite resilient. However, the unemployment rate unexpectedly rose to 3.7%, the highest in seven months, raising the possibility that the Fed will pause interest rate hikes.As of the closing of the intraday trading, most SHFE base metals prices fell, and only SHFE lead rose 0.03%. SHFE nickel fell 1.76%, SHFE aluminum dropped 1.71%, SHFE tin fell 1.2%, SHFE zinc dipped 0.99%, and SHFE copper fell 0.21%.For ferrous metals, only stainless steel fell 0.27%. Iron ore rose 2.15%, rebar gained 2.1%, hot-rolled coil jumped 1.98%, coke rose 1.89%, and coking coal rose 0.28%.As of 15:05, all LME metals went down, with LME nickel down 1.41%, LME zinc down 1.17%, LME aluminium down 0.75%, LME lead down 0.42%, LME tin down 0.35%, and LME copper down 0.21%.In terms of precious metals, SHFE gold and silver fell 1.28% and 1.34% respectively. As of 15:07, COMEX gold and silver fell 0.56% and 1.08% respectively.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulyCrude oil rose today. As of 15:01 CST today, WTI oil and Brent oil rose 1.48% and 1.38% respectively. The U.S. Dollar index rose 0.14% as of 15:01.Saudi Arabia announced it would implement an additional cut of 1 million barrels per day in July, bringing its output down to 9 million barrels per day.Recently, the speeches of Fed officials have been divided, although the growth rate of non-agricultural employment in the United States accelerated in May after seasonal adjustment, marking the largest increase since January 2023, which shows that the US labour market is quite resilient. However, the unemployment rate unexpectedly rose to 3.7%, the highest in seven months, raising the possibility that the Fed will pause interest rate hikes.As of the closing of the intraday trading, most SHFE base metals prices fell, and only SHFE lead rose 0.03%. SHFE nickel fell 1.76%, SHFE aluminum dropped 1.71%, SHFE tin fell 1.2%, SHFE zinc dipped 0.99%, and SHFE copper fell 0.21%.For ferrous metals, only stainless steel fell 0.27%. Iron ore rose 2.15%, rebar gained 2.1%, hot-rolled coil jumped 1.98%, coke rose 1.89%, and coking coal rose 0.28%.As of 15:05, all LME metals went down, with LME nickel down 1.41%, LME zinc down 1.17%, LME aluminium down 0.75%, LME lead down 0.42%, LME tin down 0.35%, and LME copper down 0.21%.In terms of precious metals, SHFE gold and silver fell 1.28% and 1.34% respectively. As of 15:07, COMEX gold and silver fell 0.56% and 1.08% respectively.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chile's Copper Production Fell In April and Still Low Compared with The Same Period In Recent YearsAccording to data released by the Instituto Nacional de Estadísticas Chile, the country's copper output in April decreased by 1.1% year-on-year to 417,279 mt.It was still the lowest in the same period in recent years, and also dropped significantly on the month.In April, the disruptions to mines weakened, but the commissioning of new production capacity was also very limited. Meanwhile, the country's manufacturing output fell 6.4% over the period, the ONS said, below economists' expectations for a 3.0% fall.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Chile's Copper Production Fell In April and Still Low Compared with The Same Period In Recent YearsAccording to data released by the Instituto Nacional de Estadísticas Chile, the country's copper output in April decreased by 1.1% year-on-year to 417,279 mt.It was still the lowest in the same period in recent years, and also dropped significantly on the month.In April, the disruptions to mines weakened, but the commissioning of new production capacity was also very limited. Meanwhile, the country's manufacturing output fell 6.4% over the period, the ONS said, below economists' expectations for a 3.0% fall.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
ग्रीष्मकालीन फसलों के बुवाई क्षेत्र में देखी गई गिरावट, मूंग के क्षेत्र में बढ़ोत्तरी05 जून 2023, नई दिल्ली: ग्रीष्मकालीन फसलों के बुवाई क्षेत्र में देखी गई गिरावट, मूंग के क्षेत्र में बढ़ोत्तरी – कृषि मंत्रालय ने 2 जून 2023 तक ग्रीष्मकालीन फसलों के बुआई क्षेत्रों के ताजा आंकड़े जारी किए हैं। इन आंकड़ों अनुसार 70.74 लाख हेक्टेयर में ग्रीष्म फसलें बोई गई हैं। पिछले वर्ष की इसी अवधि की तुलना में बुवाई क्षेत्र में 2 प्रतिशत तक की गिरावट नजर आई है।ग्रीष्म तिलहनी फसलों में पिछले वर्ष के इसी सप्ताह की तुलना में 8 प्रतिशत की गिरावट दर्ज की गई है। वही दलहनी फसलों में 4 प्रतिशत की वृध्दि को देखा गया हैं। इसके साथ ही ग्रीष्मकाल में प्रमुख रूप से बोई जाने वाली दलहनी फसल मूंग दाल में 5 प्रतिशत तक की वृध्दि देखी गई हैं। इसके साथ श्री अन्न की फसल के आंकड़ो को देखा जायें तो इनमें 3 प्रतिशत तक की बढ़त के साथ वृध्दि नजर आई हैं। धान की फसल के बुवाई क्षेत्र में वर्ष 2023 के इस हफ्ते के अब तक के आंकड़ों के अनुसार 6 प्रतिशत तक की कमी दर्ज की गई हैं। कृषि मंत्रालय द्वारा जारी यह आंकड़े इस वर्ष के अंतिम आंकड़े नही हैं। यह आंकड़े वर्ष 2023 के 2 जून तक के आंकड़े हैं।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
### Response:
YES
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YES
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ग्रीष्मकालीन फसलों के बुवाई क्षेत्र में देखी गई गिरावट, मूंग के क्षेत्र में बढ़ोत्तरी05 जून 2023, नई दिल्ली: ग्रीष्मकालीन फसलों के बुवाई क्षेत्र में देखी गई गिरावट, मूंग के क्षेत्र में बढ़ोत्तरी – कृषि मंत्रालय ने 2 जून 2023 तक ग्रीष्मकालीन फसलों के बुआई क्षेत्रों के ताजा आंकड़े जारी किए हैं। इन आंकड़ों अनुसार 70.74 लाख हेक्टेयर में ग्रीष्म फसलें बोई गई हैं। पिछले वर्ष की इसी अवधि की तुलना में बुवाई क्षेत्र में 2 प्रतिशत तक की गिरावट नजर आई है।ग्रीष्म तिलहनी फसलों में पिछले वर्ष के इसी सप्ताह की तुलना में 8 प्रतिशत की गिरावट दर्ज की गई है। वही दलहनी फसलों में 4 प्रतिशत की वृध्दि को देखा गया हैं। इसके साथ ही ग्रीष्मकाल में प्रमुख रूप से बोई जाने वाली दलहनी फसल मूंग दाल में 5 प्रतिशत तक की वृध्दि देखी गई हैं। इसके साथ श्री अन्न की फसल के आंकड़ो को देखा जायें तो इनमें 3 प्रतिशत तक की बढ़त के साथ वृध्दि नजर आई हैं। धान की फसल के बुवाई क्षेत्र में वर्ष 2023 के इस हफ्ते के अब तक के आंकड़ों के अनुसार 6 प्रतिशत तक की कमी दर्ज की गई हैं। कृषि मंत्रालय द्वारा जारी यह आंकड़े इस वर्ष के अंतिम आंकड़े नही हैं। यह आंकड़े वर्ष 2023 के 2 जून तक के आंकड़े हैं।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
12 रूपये तक सस्ता होगा खाने का तेल, सरकार ने कंपनियों से कटौती के लिए कहा05 जून 2023, नई दिल्ली: 12 रूपये तक सस्ता होगा खाने का तेल, सरकार ने कंपनियों से कटौती के लिए कहा – वैश्विक बाजार में खाद्य तेलों की कीमतों गिरावट को बरकरार रखने के लिए केंद्र सरकार ने शुक्रवार को खाद्य तेल संघों को अंतर्राष्ट्रीय बाजार के अनुरूप प्रमुख खाद्य तेलों के अधिकतम खुदरा मूल्य (एमआरपी) को तत्काल प्रभाव से 8-12 रुपये प्रति लीटर कम करने के निर्देश दिए हैं।खाद्य सचिव संजीव चोपड़ा की अध्यक्षता में शुक्रवार को नई दिल्ली में सॉल्वेंट एक्सट्रैक्शन एसोसिएशन ऑफ इंडिया (एसईएआई) और इंडियन वेजिटेबल ऑयल प्रोड्यूसर्स एसोसिएशन (आईवीपीए) सहित प्रमुख उद्योग प्रतिनिधियों के साथ यह दूसरी बैठक आयोजित की गई।इस बैठक के बाद खाद्य मंत्रालय ने कंपिनयों को सलाह देते हुए कहा कि जिन कंपनियों ने अपनी कीमतें कम नहीं की हैं और उनकी एमआरपी अन्य ब्रांडों की तुलना में अधिक हैं, वह भी अपनी कीमतें जल्द ही कम कर लें। इसके अलावा खाद्य मंत्रालय ने विनिर्माताओं और रिफाइनरों द्वारा वितरकों को दिए जाने वाले मूल्यों को भी तत्काल प्रभाव से कम किए जाने कि जरूरत है और खाद्य तेलों के मूल्यों की गिरावट में किसी भी कारण से रूकावट न आए।मंत्रालय ने प्रमुख खाद्य तेल संघों को यह सलाह भी दी गई है कि वे इस मुद्दे को तुरंत अपने सदस्यों के साथ उठाएं और यह सुनिश्चित करें कि प्रमुख खाद्य तेलों के अधिकतम खुदरा मूल्यों में तत्काल प्रभाव से 8 से 12 रूपये प्रति लीटर की कमी की जाए।उद्योग प्रतिनिधियों ने बताया कि पिछले दो महीनों के दौरान विभिन्न खाद्य तेलों के वैश्विक मूल्यों में 150 से 200 अमेरिकी डॉलर प्रति टन की गिरावट आई है। यह भी जानकारी दी कि उन्होंने खाद्य तेलों के अधिकमत खुदरा मूल्यों में काफी कमी की है और वे जल्दी ही इन खुदरा मूल्यों को और भी कम कर देंगे।मंत्रालय ने कहा कि खाद्य तेल के मूल्य में गिरावट का रूख जारी है और खाद्य तेल उद्योग द्वारा आगे और भी कटौती की तैयारी की जा रही है। वैश्विक कीमतों में लगातार गिरावट के बीच खाद्य तेलों की खुदरा कीमतों में और कमी पर चर्चा के लिए एक महीने के भीतर यह दूसरी बैठक की गई हैं। इस बैठक में मूल्य डेटा संग्रह और खाद्य तेलों की पैकेजिंग जैसे अन्य मुद्दों के बारे में भी विचार-विमर्श किया गया।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
### Response:
YES
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YES
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12 रूपये तक सस्ता होगा खाने का तेल, सरकार ने कंपनियों से कटौती के लिए कहा05 जून 2023, नई दिल्ली: 12 रूपये तक सस्ता होगा खाने का तेल, सरकार ने कंपनियों से कटौती के लिए कहा – वैश्विक बाजार में खाद्य तेलों की कीमतों गिरावट को बरकरार रखने के लिए केंद्र सरकार ने शुक्रवार को खाद्य तेल संघों को अंतर्राष्ट्रीय बाजार के अनुरूप प्रमुख खाद्य तेलों के अधिकतम खुदरा मूल्य (एमआरपी) को तत्काल प्रभाव से 8-12 रुपये प्रति लीटर कम करने के निर्देश दिए हैं।खाद्य सचिव संजीव चोपड़ा की अध्यक्षता में शुक्रवार को नई दिल्ली में सॉल्वेंट एक्सट्रैक्शन एसोसिएशन ऑफ इंडिया (एसईएआई) और इंडियन वेजिटेबल ऑयल प्रोड्यूसर्स एसोसिएशन (आईवीपीए) सहित प्रमुख उद्योग प्रतिनिधियों के साथ यह दूसरी बैठक आयोजित की गई।इस बैठक के बाद खाद्य मंत्रालय ने कंपिनयों को सलाह देते हुए कहा कि जिन कंपनियों ने अपनी कीमतें कम नहीं की हैं और उनकी एमआरपी अन्य ब्रांडों की तुलना में अधिक हैं, वह भी अपनी कीमतें जल्द ही कम कर लें। इसके अलावा खाद्य मंत्रालय ने विनिर्माताओं और रिफाइनरों द्वारा वितरकों को दिए जाने वाले मूल्यों को भी तत्काल प्रभाव से कम किए जाने कि जरूरत है और खाद्य तेलों के मूल्यों की गिरावट में किसी भी कारण से रूकावट न आए।मंत्रालय ने प्रमुख खाद्य तेल संघों को यह सलाह भी दी गई है कि वे इस मुद्दे को तुरंत अपने सदस्यों के साथ उठाएं और यह सुनिश्चित करें कि प्रमुख खाद्य तेलों के अधिकतम खुदरा मूल्यों में तत्काल प्रभाव से 8 से 12 रूपये प्रति लीटर की कमी की जाए।उद्योग प्रतिनिधियों ने बताया कि पिछले दो महीनों के दौरान विभिन्न खाद्य तेलों के वैश्विक मूल्यों में 150 से 200 अमेरिकी डॉलर प्रति टन की गिरावट आई है। यह भी जानकारी दी कि उन्होंने खाद्य तेलों के अधिकमत खुदरा मूल्यों में काफी कमी की है और वे जल्दी ही इन खुदरा मूल्यों को और भी कम कर देंगे।मंत्रालय ने कहा कि खाद्य तेल के मूल्य में गिरावट का रूख जारी है और खाद्य तेल उद्योग द्वारा आगे और भी कटौती की तैयारी की जा रही है। वैश्विक कीमतों में लगातार गिरावट के बीच खाद्य तेलों की खुदरा कीमतों में और कमी पर चर्चा के लिए एक महीने के भीतर यह दूसरी बैठक की गई हैं। इस बैठक में मूल्य डेटा संग्रह और खाद्य तेलों की पैकेजिंग जैसे अन्य मुद्दों के बारे में भी विचार-विमर्श किया गया।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
PM Modi: India to import 10,000 MW power from Nepal
### Response:
YES
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YES
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PM Modi: India to import 10,000 MW power from Nepal
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chana procurement reaches more than 22 lakh tonnesNafed's chana procurement during the 2022-23 rabi season reached 22.26 lakh tonnes, valued at over ₹11,875 crore which has benefited 9.73 lakh farmers. In the previous season, Nafed had procured 25.92 lakh tonnes of chana. While the procurement process has concluded in the Southern States, it is still underway in the key chana-producing states of Madhya Pradesh, Rajasthan, and Gujarat. In Madhya Pradesh, a total of 7.97 lakh tonnes have been procured so far, slightly lower than the previous season's 8.02 lakh tonnes. In Rajasthan, procurement stands at 1.66 lakh tonnes compared to 2.99 lakh tonnes in the previous year. Gujarat has witnessed a significant decline in procurement, with the current season's total at 3.27 lakh tonnes compared to the previous season's 5.59 lakh tonnes. In Maharashtra, the chana procurement has reached over 7.29 lakh tonnes, slightly lower than the previous season's 7.6 lakh tonnes. Karnataka has recorded a procurement of 79,631 tonnes, whereas Andhra Pradesh has procured 72,000 tonnes (compared to 64,503 tonnes in the previous season). Overall, the chana procurement by Nafed in the ongoing rabi season has been substantial, with a significant number of farmers benefiting from it.
### Response:
YES
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YES
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Chana procurement reaches more than 22 lakh tonnesNafed's chana procurement during the 2022-23 rabi season reached 22.26 lakh tonnes, valued at over ₹11,875 crore which has benefited 9.73 lakh farmers. In the previous season, Nafed had procured 25.92 lakh tonnes of chana. While the procurement process has concluded in the Southern States, it is still underway in the key chana-producing states of Madhya Pradesh, Rajasthan, and Gujarat. In Madhya Pradesh, a total of 7.97 lakh tonnes have been procured so far, slightly lower than the previous season's 8.02 lakh tonnes. In Rajasthan, procurement stands at 1.66 lakh tonnes compared to 2.99 lakh tonnes in the previous year. Gujarat has witnessed a significant decline in procurement, with the current season's total at 3.27 lakh tonnes compared to the previous season's 5.59 lakh tonnes. In Maharashtra, the chana procurement has reached over 7.29 lakh tonnes, slightly lower than the previous season's 7.6 lakh tonnes. Karnataka has recorded a procurement of 79,631 tonnes, whereas Andhra Pradesh has procured 72,000 tonnes (compared to 64,503 tonnes in the previous season). Overall, the chana procurement by Nafed in the ongoing rabi season has been substantial, with a significant number of farmers benefiting from it.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Tata Power Renewable Energy commissions 110-MW solar power project KSEBNew Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Monday said it has commissioned a 110-MW solar power project in Bikaner, Rajasthan, which will supply power to the Kerala State Electricity Board. According to the official press release, the project is expected to generate about 211 million units and reduce a 2,58,257 metric tonne carbon footprint annually. “The project will help meet the green energy requirements of Kerala. The commissioning of such big projects within a stipulated time frame reaffirms Tata Power Renewable's commitment of making substantial contributions towards the green energy transition in the country,” said Ashish Khanna, CEO, TPREL. Advt With this installation, the total renewables capacity of TPREL reached 6,788 MW with an installed capacity of 4,047 MW and 2,741 MW under various stages of implementation, added the release. ETEnergyWorld Published On Jun 5, 2023 at 12:35 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post tata power tata power renewable kerala state electricity board ashish khanna kerala Home News Renewable Tata Power Renewable Energy commissions 110-MW solar power project KSEB
### Response:
YES
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YES
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Tata Power Renewable Energy commissions 110-MW solar power project KSEBNew Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Monday said it has commissioned a 110-MW solar power project in Bikaner, Rajasthan, which will supply power to the Kerala State Electricity Board. According to the official press release, the project is expected to generate about 211 million units and reduce a 2,58,257 metric tonne carbon footprint annually. “The project will help meet the green energy requirements of Kerala. The commissioning of such big projects within a stipulated time frame reaffirms Tata Power Renewable's commitment of making substantial contributions towards the green energy transition in the country,” said Ashish Khanna, CEO, TPREL. Advt With this installation, the total renewables capacity of TPREL reached 6,788 MW with an installed capacity of 4,047 MW and 2,741 MW under various stages of implementation, added the release. ETEnergyWorld Published On Jun 5, 2023 at 12:35 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post tata power tata power renewable kerala state electricity board ashish khanna kerala Home News Renewable Tata Power Renewable Energy commissions 110-MW solar power project KSEB
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
14L families in Rajasthan to get Rs 640 LPG subsidy today: CM GehlotAround 14 lakh families of Rajasthan will get subsidies worth Rs 640 each under Indira Gandhi Gas Cylinder Subsidy Scheme on Monday, Chief Minister Ashok Gehlot has said. The scheme, he added, comes under his announcement for giving LPG gas cylinders for Rs 500 each. Every family will get Rs 640 under the scheme. Around 80 lakh such families are eligible under the scheme in the state. 'However, we are yet to get the right figures from the central government in this context,' the Chief Minister added. 'We have collected information at our level to provide subsidies to eligible families under the scheme,' he said. Advt Gehlot made the announcement on Sunday when he was on a seven-hour visit to Jodhpur for the inauguration of developmental works worth over Rs 1000 crore. During his Ajmer visit, Prime Minister Narendra Modi visited Ajmer but did not speak on Eastern Rajasthan Canal Project (ERCP). 'But he should have mentioned about our ambitious scheme,' said Chief Minister Gehlot. ERCP aims to provide drinking and irrigation water for 13 districts, including Alwar. IANS Published On Jun 5, 2023 at 02:02 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post rajasthan indira gandhi gas cylinder alwar ercp Ashok Gehlot narendra modi eastern rajasthan canal project LPG subsidy Home News Oil & Gas 14L families in Rajasthan to get Rs 640 LPG subsidy today: CM Gehlot
### Response:
NO
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NO
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14L families in Rajasthan to get Rs 640 LPG subsidy today: CM GehlotAround 14 lakh families of Rajasthan will get subsidies worth Rs 640 each under Indira Gandhi Gas Cylinder Subsidy Scheme on Monday, Chief Minister Ashok Gehlot has said. The scheme, he added, comes under his announcement for giving LPG gas cylinders for Rs 500 each. Every family will get Rs 640 under the scheme. Around 80 lakh such families are eligible under the scheme in the state. 'However, we are yet to get the right figures from the central government in this context,' the Chief Minister added. 'We have collected information at our level to provide subsidies to eligible families under the scheme,' he said. Advt Gehlot made the announcement on Sunday when he was on a seven-hour visit to Jodhpur for the inauguration of developmental works worth over Rs 1000 crore. During his Ajmer visit, Prime Minister Narendra Modi visited Ajmer but did not speak on Eastern Rajasthan Canal Project (ERCP). 'But he should have mentioned about our ambitious scheme,' said Chief Minister Gehlot. ERCP aims to provide drinking and irrigation water for 13 districts, including Alwar. IANS Published On Jun 5, 2023 at 02:02 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post rajasthan indira gandhi gas cylinder alwar ercp Ashok Gehlot narendra modi eastern rajasthan canal project LPG subsidy Home News Oil & Gas 14L families in Rajasthan to get Rs 640 LPG subsidy today: CM Gehlot
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Govt approves Rs 50 crore for starting cane crushing operations at...Representational Image Mysuru: For the 2023-24 crushing season, the Finance department has approved aid of Rs 50 crore to the Mysore Sugar factory in Mandya, called Mysugar for starting of crushing operations, reports The Hindu. Dinesh Gooligowda, Congress MLC, has issued a statement stating that acting on the appeal made by him and Mandya MLA Ravi Ganiga, Chief Minister Siddaramaiah directed the finance department to approve the release of Rs 50 crore for resumption of crushing operations at the State-run Mysugar. The mill has stopped operations for the last few years and it resumed operations last year after the preceding government approved a financial aid of Rs 50 crore but released Rs 32 crore only, said Dinesh. The sugar mill needed funds to clear the wages for harvesting cane, payment and repair of equipment as it was slated to start in June. Around 5,745 farmers have agreed with the sugar mill to supply more than five lakh tonnes of cane grown on more than 10,000 hectares of land.
### Response:
YES
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YES
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Govt approves Rs 50 crore for starting cane crushing operations at...Representational Image Mysuru: For the 2023-24 crushing season, the Finance department has approved aid of Rs 50 crore to the Mysore Sugar factory in Mandya, called Mysugar for starting of crushing operations, reports The Hindu. Dinesh Gooligowda, Congress MLC, has issued a statement stating that acting on the appeal made by him and Mandya MLA Ravi Ganiga, Chief Minister Siddaramaiah directed the finance department to approve the release of Rs 50 crore for resumption of crushing operations at the State-run Mysugar. The mill has stopped operations for the last few years and it resumed operations last year after the preceding government approved a financial aid of Rs 50 crore but released Rs 32 crore only, said Dinesh. The sugar mill needed funds to clear the wages for harvesting cane, payment and repair of equipment as it was slated to start in June. Around 5,745 farmers have agreed with the sugar mill to supply more than five lakh tonnes of cane grown on more than 10,000 hectares of land.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
चावल-गेंहू फसल प्रणाली का विपरीत प्रभाव05 जून 2023, नई दिल्ली: चावल-गेंहू फसल प्रणाली का विपरीत प्रभाव – भारत में चावल-गेहूं फसल प्रणाली को बढ़ावा देने के माध्यम से 1960 के दशक की हरित क्रांति द्वारा खाद्य सुरक्षा को संभव बनाया गया था। इस उल्लेखनीय क्रांति ने भारत को जहाजों के माध्यम से होने वाले आयात निर्यात की स्थिति से बाहर निकालकर आत्मनिर्भर बनाया हैं और यहां तक कि अधिशेष उत्पादन के निर्यात परिवर्तन में जबरदस्त मदद की हैं। सरकारी और निजी क्षेत्रों के समर्थन से एमएसपी पर सुनिश्चित सार्वजनिक खरीद के साथ-साथ सिंचाई, गुणवत्तापूर्ण बीज, उर्वरक और कीटनाशकों सहित उन्नत कृषि प्रौद्योगिकी आदानों का निर्माण किया गया। परिणामस्वरूप, खाद्य उत्पादन 1960-61 में 82.02 मिलियन टन से लगभग 4 गुना बढ़कर 2022-23 में 330.5 मिलियन टन हो गया।⦁ गेहूं और चावल के क्षेत्र में वर्ष 2018 तक 84 प्रतिशत का विस्तार हुआ हैं।⦁ अत्यधिक जल निकासी के कारण भूजल की कमी हुई हैं।⦁ बिजली की खपत में वृद्धि हुई हैं।⦁ बिजली आपूर्ति के लिए सरकार द्वारा सब्सिडी में वृद्धि की गई हैं।⦁ चावल-गेंहू फसल प्रणाली के प्रभाव से मृदा का स्वास्थ्य का बिगड़ रहा है। ⦁ भूजल प्रदूषण के स्तर में वृध्दि हुई हैं।⦁जीएच उत्सर्जन और पराली जलाने के माध्यम से पर्यावरण प्रदूषण हो रहा हैं।⦁अतिरिक्त खाद्य उत्पादन ने भंडारण की समस्या पैदा की और सरकारी धन को अवरुद्ध कर दिया।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
### Response:
NO
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NO
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चावल-गेंहू फसल प्रणाली का विपरीत प्रभाव05 जून 2023, नई दिल्ली: चावल-गेंहू फसल प्रणाली का विपरीत प्रभाव – भारत में चावल-गेहूं फसल प्रणाली को बढ़ावा देने के माध्यम से 1960 के दशक की हरित क्रांति द्वारा खाद्य सुरक्षा को संभव बनाया गया था। इस उल्लेखनीय क्रांति ने भारत को जहाजों के माध्यम से होने वाले आयात निर्यात की स्थिति से बाहर निकालकर आत्मनिर्भर बनाया हैं और यहां तक कि अधिशेष उत्पादन के निर्यात परिवर्तन में जबरदस्त मदद की हैं। सरकारी और निजी क्षेत्रों के समर्थन से एमएसपी पर सुनिश्चित सार्वजनिक खरीद के साथ-साथ सिंचाई, गुणवत्तापूर्ण बीज, उर्वरक और कीटनाशकों सहित उन्नत कृषि प्रौद्योगिकी आदानों का निर्माण किया गया। परिणामस्वरूप, खाद्य उत्पादन 1960-61 में 82.02 मिलियन टन से लगभग 4 गुना बढ़कर 2022-23 में 330.5 मिलियन टन हो गया।⦁ गेहूं और चावल के क्षेत्र में वर्ष 2018 तक 84 प्रतिशत का विस्तार हुआ हैं।⦁ अत्यधिक जल निकासी के कारण भूजल की कमी हुई हैं।⦁ बिजली की खपत में वृद्धि हुई हैं।⦁ बिजली आपूर्ति के लिए सरकार द्वारा सब्सिडी में वृद्धि की गई हैं।⦁ चावल-गेंहू फसल प्रणाली के प्रभाव से मृदा का स्वास्थ्य का बिगड़ रहा है। ⦁ भूजल प्रदूषण के स्तर में वृध्दि हुई हैं।⦁जीएच उत्सर्जन और पराली जलाने के माध्यम से पर्यावरण प्रदूषण हो रहा हैं।⦁अतिरिक्त खाद्य उत्पादन ने भंडारण की समस्या पैदा की और सरकारी धन को अवरुद्ध कर दिया।(नवीनतम कृषि समाचार और अपडेट के लिए आप अपने मनपसंद प्लेटफॉर्म पे कृषक जगत से जुड़े – गूगल न्यूज़, टेलीग्राम )
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Saudi Arabia slashes output further to boost oil priceVienna: Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession. The meeting of the 13-member Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and its 10 partners, led by Russia, saw some tough negotiations. Saudi Arabia's fresh cut of one million barrels per day (bpd) is for July but 'extendable', its Energy Minister Prince Abdulaziz bin Salman told reporters after the hours-long OPEC+ meeting at the group's headquarters in Vienna. Analysts had largely expected OPEC+ producers to maintain their current policy, but signs emerged this weekend that the 23 countries were mulling deeper cuts. Advt In April, several OPEC+ members agreed to cut production voluntarily by more than one million bpd -- a surprise move that briefly buttressed prices but failed to bring about lasting recovery. - 'Everyone is happy' - Oil producers are grappling with falling prices and high market volatility amid the Russian invasion of Ukraine, which has upended economies worldwide. Oil prices have plummeted about 10 percent since the April cuts were announced, with Brent crude falling close to $70 a barrel, a level it has not traded below since December 2021. Traders worry that demand will slump, with concerns about the health of the global economy as the United States battles inflation and higher interest rates while China's post-Covid rebound stutters. Russia's Deputy Prime Minister Alexander Novak said the current output cuts were being extended until the end of 2024 after examining the matter 'for a long time'. According to an OPEC+ table of the required production levels for next year, the United Arab Emirates will be able to pump more than currently, while several countries including Angola, the Republic of Congo and Nigeria have had their quotas cut. Bloomberg news agency reported African countries had been reluctant to give up some of their quotas despite failing to meet them. 'We have an agreement with which everyone is happy,' the Republic of Congo's hydrocarbons minister Bruno Jean-Richard Itoua insisted after the meeting. Advt - 'No disagreement' - Sunday's meeting was also being watched closely as Russia was keen to maintain its production, while Saudi Arabia wants to push prices up to balance its budget, according to analysts. 'They have showed again they work together... At the end of the day, it's about what they agree,' UBS analyst Giovanni Staunovo said, adding 'the important part was to show unity'. Russia is dependent on oil revenues with its war in Ukraine dragging on and Western sanctions hitting its economy, and has been shipping oil to India and China as the Asian giants soak up the cheap crude. On the other hand, Saudi Arabia's break-even price is currently 'at a good $80 per barrel', according to Commerzbank analysts. In March 2020 the alliance was pushed to the brink of collapse when Moscow refused to cut oil production even as the Covid pandemic sent prices into freefall. After negotiations broke down, Riyadh flooded the market by boosting exports to record levels before the two countries came to an agreement. Asked if there was disagreement with Saudi Arabia this weekend, Novak said: 'No, we had no disagreements, it is a common decision.' Analysts said oil prices were expected to rise in the short-term following Riyadh's move. 'The question mark is the demand side of the oil equation. If protracted inflationary pressure leads to a downward revision in global oil demand the cut in supply might be neutralised,' warned Tamas Varga, analyst for PVM Energy. OPEC+ countries produce about 60 percent of the world's oil. The next meeting of the group is scheduled for November 26. AFP Published On Jun 5, 2023 at 11:42 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post saudi arabia opec tamas varga giovanni staunovo alexander novak ubs prince abdulaziz bin salman pvm energy organization of the petroleum exporting countries commerzbank Home News Oil & Gas Saudi Arabia slashes output further to boost oil price
### Response:
YES
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YES
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Saudi Arabia slashes output further to boost oil priceVienna: Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession. The meeting of the 13-member Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and its 10 partners, led by Russia, saw some tough negotiations. Saudi Arabia's fresh cut of one million barrels per day (bpd) is for July but 'extendable', its Energy Minister Prince Abdulaziz bin Salman told reporters after the hours-long OPEC+ meeting at the group's headquarters in Vienna. Analysts had largely expected OPEC+ producers to maintain their current policy, but signs emerged this weekend that the 23 countries were mulling deeper cuts. Advt In April, several OPEC+ members agreed to cut production voluntarily by more than one million bpd -- a surprise move that briefly buttressed prices but failed to bring about lasting recovery. - 'Everyone is happy' - Oil producers are grappling with falling prices and high market volatility amid the Russian invasion of Ukraine, which has upended economies worldwide. Oil prices have plummeted about 10 percent since the April cuts were announced, with Brent crude falling close to $70 a barrel, a level it has not traded below since December 2021. Traders worry that demand will slump, with concerns about the health of the global economy as the United States battles inflation and higher interest rates while China's post-Covid rebound stutters. Russia's Deputy Prime Minister Alexander Novak said the current output cuts were being extended until the end of 2024 after examining the matter 'for a long time'. According to an OPEC+ table of the required production levels for next year, the United Arab Emirates will be able to pump more than currently, while several countries including Angola, the Republic of Congo and Nigeria have had their quotas cut. Bloomberg news agency reported African countries had been reluctant to give up some of their quotas despite failing to meet them. 'We have an agreement with which everyone is happy,' the Republic of Congo's hydrocarbons minister Bruno Jean-Richard Itoua insisted after the meeting. Advt - 'No disagreement' - Sunday's meeting was also being watched closely as Russia was keen to maintain its production, while Saudi Arabia wants to push prices up to balance its budget, according to analysts. 'They have showed again they work together... At the end of the day, it's about what they agree,' UBS analyst Giovanni Staunovo said, adding 'the important part was to show unity'. Russia is dependent on oil revenues with its war in Ukraine dragging on and Western sanctions hitting its economy, and has been shipping oil to India and China as the Asian giants soak up the cheap crude. On the other hand, Saudi Arabia's break-even price is currently 'at a good $80 per barrel', according to Commerzbank analysts. In March 2020 the alliance was pushed to the brink of collapse when Moscow refused to cut oil production even as the Covid pandemic sent prices into freefall. After negotiations broke down, Riyadh flooded the market by boosting exports to record levels before the two countries came to an agreement. Asked if there was disagreement with Saudi Arabia this weekend, Novak said: 'No, we had no disagreements, it is a common decision.' Analysts said oil prices were expected to rise in the short-term following Riyadh's move. 'The question mark is the demand side of the oil equation. If protracted inflationary pressure leads to a downward revision in global oil demand the cut in supply might be neutralised,' warned Tamas Varga, analyst for PVM Energy. OPEC+ countries produce about 60 percent of the world's oil. The next meeting of the group is scheduled for November 26. AFP Published On Jun 5, 2023 at 11:42 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post saudi arabia opec tamas varga giovanni staunovo alexander novak ubs prince abdulaziz bin salman pvm energy organization of the petroleum exporting countries commerzbank Home News Oil & Gas Saudi Arabia slashes output further to boost oil price
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China surpasses India to become top buyer of Egyptian cotton in 2022In 2022, China surpassed India to become the top buyer of Egyptian cotton, known for its extra-long fibres and smooth yarn. India was the top buyer for Extra Long Staple (ELS) cotton of Egypt during 2021. There was a decrease in Egyptian exports to India, in contrast to a substantial increase in exports to China. Egyptian cotton is characterised by its extra-long fibres, smaller in diameter than typical cotton. When these finer, longer fibres are combed and spun, they produce smooth yarn, which in turn yields smooth, soft cloth when woven. Egyptian cotton exports to China in 2022 were valued at $116.934 million, accounting for 43.09 per cent of the total shipment. India, the second largest market, imported cotton worth $75.152 million, which made up 27.69 per cent of the total. Among the top five markets, Pakistan received 14.17 per cent of the shipment, Vietnam 5.37 per cent, and Bangladesh 3.77 per cent, according to Fibre2Fashion’s market insight tool TexPro. In 2022, China became the top buyer of Egyptian cotton, surpassing India. Egypt's cotton exports to China amounted to $116.934 million, constituting 43.09 per cent of total exports. Chinese industry increased its cotton sourcing globally due to restrictions on exporting garments to the US made from cotton produced in China's Xinjian region. This pattern of buyer distribution greatly contrasts with that of 2021, when cotton exports from Egypt to India were valued at $143.985 million, making up 65.58 per cent of total exports. Meanwhile, shipments to Pakistan constituted 15.32 per cent, Bangladesh 10.17 per cent, and China just 2.34 per cent of the total. Indian trade sources attribute this drastic shift in trade dynamics to significant delays in shipments by multinational cotton trading firms, which forced Indian buyers to stall their purchasing plans in 2022. This happened during a period when the natural fibre reached record high prices. Conversely, the Chinese industry had to source cotton globally, as they were unable to export garments to the US that were made from cotton produced in China's Xinjian region. According to TexPro, the value of Egyptian cotton exports rose to $258.538 million in 2022 (133.158 million kg), up from $219.479 million (129.395 million kg) in 2021. Prior to this, the figures were $161.923 million (99.102 million kg) in 2020, $165.233 million (66.980 million kg) in 2019, and $219.479 million (124.054 million kg) in 2018. Fibre2Fashion News Desk (KUL)
### Response:
YES
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YES
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China surpasses India to become top buyer of Egyptian cotton in 2022In 2022, China surpassed India to become the top buyer of Egyptian cotton, known for its extra-long fibres and smooth yarn. India was the top buyer for Extra Long Staple (ELS) cotton of Egypt during 2021. There was a decrease in Egyptian exports to India, in contrast to a substantial increase in exports to China. Egyptian cotton is characterised by its extra-long fibres, smaller in diameter than typical cotton. When these finer, longer fibres are combed and spun, they produce smooth yarn, which in turn yields smooth, soft cloth when woven. Egyptian cotton exports to China in 2022 were valued at $116.934 million, accounting for 43.09 per cent of the total shipment. India, the second largest market, imported cotton worth $75.152 million, which made up 27.69 per cent of the total. Among the top five markets, Pakistan received 14.17 per cent of the shipment, Vietnam 5.37 per cent, and Bangladesh 3.77 per cent, according to Fibre2Fashion’s market insight tool TexPro. In 2022, China became the top buyer of Egyptian cotton, surpassing India. Egypt's cotton exports to China amounted to $116.934 million, constituting 43.09 per cent of total exports. Chinese industry increased its cotton sourcing globally due to restrictions on exporting garments to the US made from cotton produced in China's Xinjian region. This pattern of buyer distribution greatly contrasts with that of 2021, when cotton exports from Egypt to India were valued at $143.985 million, making up 65.58 per cent of total exports. Meanwhile, shipments to Pakistan constituted 15.32 per cent, Bangladesh 10.17 per cent, and China just 2.34 per cent of the total. Indian trade sources attribute this drastic shift in trade dynamics to significant delays in shipments by multinational cotton trading firms, which forced Indian buyers to stall their purchasing plans in 2022. This happened during a period when the natural fibre reached record high prices. Conversely, the Chinese industry had to source cotton globally, as they were unable to export garments to the US that were made from cotton produced in China's Xinjian region. According to TexPro, the value of Egyptian cotton exports rose to $258.538 million in 2022 (133.158 million kg), up from $219.479 million (129.395 million kg) in 2021. Prior to this, the figures were $161.923 million (99.102 million kg) in 2020, $165.233 million (66.980 million kg) in 2019, and $219.479 million (124.054 million kg) in 2018. Fibre2Fashion News Desk (KUL)
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gold prices slip as US dollar, treasury yields firmGold dropped more than 1 percent on June 2 after data showed the US economy added 339,000 jobs last month, above estimates of 190,000. Gold prices on June 5 slipped as the dollar firmed after strong US payrolls data last week, offsetting some of the support for zero-yield bullion from bets that the Federal Reserve may pause rate hikes in June. The precious metal, along with silver, hit a two-month low amid growing concerns about the strength of the global economy. Gold slipped below the $1,950 per ounce mark, indicating a decline of 7 percent from its May high of $2,070. The decline in gold prices can be attributed to several factors. Firstly, the latest non-farm payroll (NFP) data revealed that the U.S. economy added 339,000 new jobs in May, surpassing market expectations of 190,000. This positive employment data fuelled optimism about the strength of the US economy, leading investors to favour riskier assets over safe-haven commodities like gold. Furthermore, according to the CME FedWatch tool, there is a 73.6 percent probability of a rate hike pause in June. The potential for higher interest rates further dents the appeal of gold, as it increases the opportunity cost of holding the precious metal. Prices of the yellow metal dropped more than 1 percent on June 2, after data showed the US economy added 339,000 jobs last month, above estimates of 190,000. Gold & Silver Rates Yesterday Monday, 05th June, 2023 Gold Rate in Mumbai Yesterday 10g of 24K gold in Mumbai ₹58,940 10g of 22K gold in Mumbai ₹56,130 View more Monday, 05th June, 2023 Silver Rate in Mumbai Yesterday 10g silver in Mumbai ₹777 1kg silver in Mumbai ₹77,700 View more Show Related stories BRICS raging against the dollar is an exercise in futility Currency Options: A non-directional high probability options strategy in currency pair USD-INR Rupee rises 33 paise to close at 82.42 against US dollar Meanwhile, in India, gold prices fell Rs 80 to Rs 60,400 per 10 grams in the national capital amid weak global cues, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,480 per 10 grams. In the previous trade, the yellow metal had finished at Rs 60,480 per 10 grams. Silver also went lower Rs 400 at Rs 73,000 per kg. Spot gold prices in the Delhi markets traded at Rs 60,400/10 gms, slightly down by Rs 80 per 10 grams, Dilip Parmar, Research Analyst at HDFC Securities, said. 'Gold prices edged lower on the back of positive economic data points, higher US dollar and yields, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month,' Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said. (With inputs from PTI) Read More
### Response:
YES
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YES
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Gold prices slip as US dollar, treasury yields firmGold dropped more than 1 percent on June 2 after data showed the US economy added 339,000 jobs last month, above estimates of 190,000. Gold prices on June 5 slipped as the dollar firmed after strong US payrolls data last week, offsetting some of the support for zero-yield bullion from bets that the Federal Reserve may pause rate hikes in June. The precious metal, along with silver, hit a two-month low amid growing concerns about the strength of the global economy. Gold slipped below the $1,950 per ounce mark, indicating a decline of 7 percent from its May high of $2,070. The decline in gold prices can be attributed to several factors. Firstly, the latest non-farm payroll (NFP) data revealed that the U.S. economy added 339,000 new jobs in May, surpassing market expectations of 190,000. This positive employment data fuelled optimism about the strength of the US economy, leading investors to favour riskier assets over safe-haven commodities like gold. Furthermore, according to the CME FedWatch tool, there is a 73.6 percent probability of a rate hike pause in June. The potential for higher interest rates further dents the appeal of gold, as it increases the opportunity cost of holding the precious metal. Prices of the yellow metal dropped more than 1 percent on June 2, after data showed the US economy added 339,000 jobs last month, above estimates of 190,000. Gold & Silver Rates Yesterday Monday, 05th June, 2023 Gold Rate in Mumbai Yesterday 10g of 24K gold in Mumbai ₹58,940 10g of 22K gold in Mumbai ₹56,130 View more Monday, 05th June, 2023 Silver Rate in Mumbai Yesterday 10g silver in Mumbai ₹777 1kg silver in Mumbai ₹77,700 View more Show Related stories BRICS raging against the dollar is an exercise in futility Currency Options: A non-directional high probability options strategy in currency pair USD-INR Rupee rises 33 paise to close at 82.42 against US dollar Meanwhile, in India, gold prices fell Rs 80 to Rs 60,400 per 10 grams in the national capital amid weak global cues, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,480 per 10 grams. In the previous trade, the yellow metal had finished at Rs 60,480 per 10 grams. Silver also went lower Rs 400 at Rs 73,000 per kg. Spot gold prices in the Delhi markets traded at Rs 60,400/10 gms, slightly down by Rs 80 per 10 grams, Dilip Parmar, Research Analyst at HDFC Securities, said. 'Gold prices edged lower on the back of positive economic data points, higher US dollar and yields, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month,' Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said. (With inputs from PTI) Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Mexican HRC consumption increases in April while production dropsApparent consumption of hot rolled coils (HRC) in Mexico increased 13.9 percent, year-over-year, in April to 417,000 metric tons (mt). It is the second consecutive annual increase and the second consecutive month that it remains the finished steel product with the highest consumption in the country, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. HRC production in Mexico registered its second annual drop so far this year; in April it decreased 1.9 percent. National production contributed 76.0 percent of total consumption, 12.2 percentage points less compared to the same month last year. Considering the increase in consumption in April, it was equivalent to 4.8 days of national production. HRC trade flow decreased 5.3 percent or 7,000 mt to 124,000 mt. This decrease is explained by the contraction of 72.7 percent in the export of HRC to 12,000 mt. In contrast, the import increased 28.7 percent or 25,000 mt to 112,000 mt. In the accumulated January-April, consumption increased 14.7 percent to 1.59 million mt, production grew 5.4 percent to 1.54 million mt, trade flow decreased 28.2 percent to 475,000 mt. Exports decreased 72.8 percent to 58,000 mt and imports decreased 7.1 percent to 417,000 mt. According to industry data, in Mexico HRC producers are Altos Hornos de México (AHMSA), TA 2000 (TYASA), Ternium and ArcelorMittal.
### Response:
NO
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NO
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Mexican HRC consumption increases in April while production dropsApparent consumption of hot rolled coils (HRC) in Mexico increased 13.9 percent, year-over-year, in April to 417,000 metric tons (mt). It is the second consecutive annual increase and the second consecutive month that it remains the finished steel product with the highest consumption in the country, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. HRC production in Mexico registered its second annual drop so far this year; in April it decreased 1.9 percent. National production contributed 76.0 percent of total consumption, 12.2 percentage points less compared to the same month last year. Considering the increase in consumption in April, it was equivalent to 4.8 days of national production. HRC trade flow decreased 5.3 percent or 7,000 mt to 124,000 mt. This decrease is explained by the contraction of 72.7 percent in the export of HRC to 12,000 mt. In contrast, the import increased 28.7 percent or 25,000 mt to 112,000 mt. In the accumulated January-April, consumption increased 14.7 percent to 1.59 million mt, production grew 5.4 percent to 1.54 million mt, trade flow decreased 28.2 percent to 475,000 mt. Exports decreased 72.8 percent to 58,000 mt and imports decreased 7.1 percent to 417,000 mt. According to industry data, in Mexico HRC producers are Altos Hornos de México (AHMSA), TA 2000 (TYASA), Ternium and ArcelorMittal.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US raw steel production up 1.0 percent week-on-weekAccording to the American Iron and Steel Institute (AISI), in the week ending on June 3, 2023, US domestic raw steel production was 1,754,000 net tons while the capability utilization rate was 78.0 percent. Production for the week ending June 3, 2023 is up 1.0 percent from the previous week ending May 27, 2023 when production was 1,737,000 net tons and the rate of capability utilization was 77.2 percent. Production was 1,757,000 net tons in the week ending June 3, 2022 while the capability utilization then was 80.5 percent. The current week production represents a 0.2 percent decrease from the same period in the previous year. Adjusted year-to-date production through June 3, 2023 was 37,246,000 net tons, at a capability utilization rate of 75.5 percent. That is down 3.3 percent from the 38,350,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.
### Response:
NO
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NO
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US raw steel production up 1.0 percent week-on-weekAccording to the American Iron and Steel Institute (AISI), in the week ending on June 3, 2023, US domestic raw steel production was 1,754,000 net tons while the capability utilization rate was 78.0 percent. Production for the week ending June 3, 2023 is up 1.0 percent from the previous week ending May 27, 2023 when production was 1,737,000 net tons and the rate of capability utilization was 77.2 percent. Production was 1,757,000 net tons in the week ending June 3, 2022 while the capability utilization then was 80.5 percent. The current week production represents a 0.2 percent decrease from the same period in the previous year. Adjusted year-to-date production through June 3, 2023 was 37,246,000 net tons, at a capability utilization rate of 75.5 percent. That is down 3.3 percent from the 38,350,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
SMM Forecast for Zinc Prices This WeekPositive news from real estate improved market sentiment last week. However, the overall rebound in zinc prices was weak as expectations of oversupply existed due to high supply, more zinc imports and the off-season. However, we have not yet seen the accumulation of visible inventory. The inventory of smelters has increased as they were reluctant to sell at low prices.Regarding the expectations of domestic smelters to reduce production due to high sulphuric acid inventories, SMM survey shows that only some smelters will conduct overhaul in June. Only some smelters in Henan reduced production due to high sulphuric acid inventories. Fundamentally, there is still no logic which will drive up zinc prices.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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SMM Forecast for Zinc Prices This WeekPositive news from real estate improved market sentiment last week. However, the overall rebound in zinc prices was weak as expectations of oversupply existed due to high supply, more zinc imports and the off-season. However, we have not yet seen the accumulation of visible inventory. The inventory of smelters has increased as they were reluctant to sell at low prices.Regarding the expectations of domestic smelters to reduce production due to high sulphuric acid inventories, SMM survey shows that only some smelters will conduct overhaul in June. Only some smelters in Henan reduced production due to high sulphuric acid inventories. Fundamentally, there is still no logic which will drive up zinc prices.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Glencore to Massively Expand Copper CapacityFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Zinc Ingot Inventories Across Seven Major Chinese Markets Fell Last WeekZinc ingot inventories across seven major Chinese markets totalled 102,900 mt as of June 2, down 3,400 mt from May 29 and 800 mt from May 26. Arrivals in Shanghai market were low, and some customers that bought goods at lows in the previous week took deliveries last week, which resulted in a small inventory decline.In Tianjin, arrivals were limited, and downstream buyers also took deliveries. Traders delivered goods under long-term contracts actively.Therefore, inventories dropped sharply. In Guangdong, arrivals were normal, and shipments weakened due to high zinc prices in the second half of the week, which led to inventory growth. The inventory in Shanghai, Guangdong and Tianjin decreased by 2,800 mt.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Zinc Ingot Inventories Across Seven Major Chinese Markets Fell Last WeekZinc ingot inventories across seven major Chinese markets totalled 102,900 mt as of June 2, down 3,400 mt from May 29 and 800 mt from May 26. Arrivals in Shanghai market were low, and some customers that bought goods at lows in the previous week took deliveries last week, which resulted in a small inventory decline.In Tianjin, arrivals were limited, and downstream buyers also took deliveries. Traders delivered goods under long-term contracts actively.Therefore, inventories dropped sharply. In Guangdong, arrivals were normal, and shipments weakened due to high zinc prices in the second half of the week, which led to inventory growth. The inventory in Shanghai, Guangdong and Tianjin decreased by 2,800 mt.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Zinc Inventory in China Bonded Zone DeclinedAs of June 2, the inventory of zinc ingots in Shanghai bonded zone recorded 4,500 mt, down 700 mt from May 29.During the week, the SHFE/LME zinc price ratio continued to recover, and the import window was about to open. A small amount of goods in the bonded area flowed into the market.It is expected that the amount of imported zinc ingots in the market will continue to increase after the opening of the import window.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Zinc Inventory in China Bonded Zone DeclinedAs of June 2, the inventory of zinc ingots in Shanghai bonded zone recorded 4,500 mt, down 700 mt from May 29.During the week, the SHFE/LME zinc price ratio continued to recover, and the import window was about to open. A small amount of goods in the bonded area flowed into the market.It is expected that the amount of imported zinc ingots in the market will continue to increase after the opening of the import window.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
MMi Daily Iron Ore Report (June 5)》Click to download the PDF and view the whole reportFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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MMi Daily Iron Ore Report (June 5)》Click to download the PDF and view the whole reportFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-SeasonSHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps. The continued decline in port inventory of lumps also buoyed its premiums. Coke prices may still have room to fall this week even as they are already at a three-year low, which will support the demand for lumps in the off-season and slightly boost its premiums.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-SeasonSHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps. The continued decline in port inventory of lumps also buoyed its premiums. Coke prices may still have room to fall this week even as they are already at a three-year low, which will support the demand for lumps in the off-season and slightly boost its premiums.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Pellet Premiums May Drop BackSHANGHAI, Jun 5 (SMM) – The operating rates of domestic pellet plants have been at a low level due to poor profits. Pellet shipments from India fell slightly. These allowed pellet premiums to rise slightly. However, pellet premiums may drop in the near term after shipments from overseas mines recover.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Pellet Premiums May Drop BackSHANGHAI, Jun 5 (SMM) – The operating rates of domestic pellet plants have been at a low level due to poor profits. Pellet shipments from India fell slightly. These allowed pellet premiums to rise slightly. However, pellet premiums may drop in the near term after shipments from overseas mines recover.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Aluminium billet conversion margins fell below 300 yuan/mt amid off-seasonSHANGHAI, Jun 5 (SMM) – The domestic aluminium billet social inventory stood at 135,100 mt as of June 1, down 6,200 mt from a week ago. Arrivals increased significantly, while transactions failed to catch up. An increasing share of molten aluminium has been made into billets and other intermediate products. The current inventory is still the highest compared to the same period of past three years.Sell-off weighed on aluminium billet conversion margins last week.Aluminium billet conversion margins by region (yuan/mt)Region Specifications May 29Jun 2South ChinaΦ90380300Φ120280200East ChinaΦ90540350Φ120400280NanchangΦ90500320Φ120440220More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Aluminium billet conversion margins fell below 300 yuan/mt amid off-seasonSHANGHAI, Jun 5 (SMM) – The domestic aluminium billet social inventory stood at 135,100 mt as of June 1, down 6,200 mt from a week ago. Arrivals increased significantly, while transactions failed to catch up. An increasing share of molten aluminium has been made into billets and other intermediate products. The current inventory is still the highest compared to the same period of past three years.Sell-off weighed on aluminium billet conversion margins last week.Aluminium billet conversion margins by region (yuan/mt)Region Specifications May 29Jun 2South ChinaΦ90380300Φ120280200East ChinaΦ90540350Φ120400280NanchangΦ90500320Φ120440220More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
PMI For Primary And Secondary Aluminium Alloy Sectors Both In Contraction Territory In MaySHANGHAI, Jun 6 (SMM) – Primary aluminium alloy: The PMI for the sector rose 3.8 points MoM to 44 in May. Production and orders at most companies remained poor. A few producers reported declines in production and sales. Primary aluminium alloys are used almost entirely in the automotive industry. June-August is the traditional off-season. Many auto makers will cut or suspend production due to high temperature, which will hurt demand for primary aluminium alloys. The PMI is expected between 40-50 in June.Secondary aluminium alloy: The PMI for the sector rose 8.6 points MoM to 47.1 in May. Most producers maintained low operating rates. A few producers ramped up production slightly after orders improved. Some producers cut output due to losses and poor orders. Sluggish end demand will keep the PMI below 50 in June. More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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PMI For Primary And Secondary Aluminium Alloy Sectors Both In Contraction Territory In MaySHANGHAI, Jun 6 (SMM) – Primary aluminium alloy: The PMI for the sector rose 3.8 points MoM to 44 in May. Production and orders at most companies remained poor. A few producers reported declines in production and sales. Primary aluminium alloys are used almost entirely in the automotive industry. June-August is the traditional off-season. Many auto makers will cut or suspend production due to high temperature, which will hurt demand for primary aluminium alloys. The PMI is expected between 40-50 in June.Secondary aluminium alloy: The PMI for the sector rose 8.6 points MoM to 47.1 in May. Most producers maintained low operating rates. A few producers ramped up production slightly after orders improved. Some producers cut output due to losses and poor orders. Sluggish end demand will keep the PMI below 50 in June. More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Italy could abandon coal by 2024, environment minister saysMILAN, June 5 (Reuters) - Italy could shut down its coal-fired power stations in 2024, a year earlier than planned, if gas prices remain at current low levels, Environment Minister Gilberto Pichetto Fratin said on Monday.Italy, which had to find an alternative for the gas it used to import from Russia following Moscow's invasion of Ukraine, increased its production of energy from coal to 7.5% of the total last year, from 4.6% in 2021.'The intention is to abandon coal by 2025 or even earlier... I hope to succeed by 2024, if gas prices hold at the current (low) levels,' Pichetto Fratin said at an event organised by La Repubblica newspaper.Under its current plan for energy and climate (PNIEC), which is under review, the government targets an exit from coal in 2025.The minister said that natural gas, which is considered the least polluting fossil fuel, should accompany Italy's energy transition path until 2050, while the country gradually increases its renewable energy capacity.The environment ministry's updated strategy for energy and climate, to be unveiled in late June, will aim to increase power generation from renewables to two-thirds of the total by 2030 from the current one third, Pichetto Fratin said.The minister said it would be up to future governments to decide whether to reintroduce nuclear energy, which Italy abandoned via referendum in the late 1980s in the wake of the Chernobyl disaster in the former Soviet Union.'Analysts are saying that renewables sources will not be enough without nuclear energy,' Pichetto Fratin said, adding that the current administration had only allowed research and tests for this energy source.Our Standards: The Thomson Reuters Trust Principles.
### Response:
NO
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NO
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Italy could abandon coal by 2024, environment minister saysMILAN, June 5 (Reuters) - Italy could shut down its coal-fired power stations in 2024, a year earlier than planned, if gas prices remain at current low levels, Environment Minister Gilberto Pichetto Fratin said on Monday.Italy, which had to find an alternative for the gas it used to import from Russia following Moscow's invasion of Ukraine, increased its production of energy from coal to 7.5% of the total last year, from 4.6% in 2021.'The intention is to abandon coal by 2025 or even earlier... I hope to succeed by 2024, if gas prices hold at the current (low) levels,' Pichetto Fratin said at an event organised by La Repubblica newspaper.Under its current plan for energy and climate (PNIEC), which is under review, the government targets an exit from coal in 2025.The minister said that natural gas, which is considered the least polluting fossil fuel, should accompany Italy's energy transition path until 2050, while the country gradually increases its renewable energy capacity.The environment ministry's updated strategy for energy and climate, to be unveiled in late June, will aim to increase power generation from renewables to two-thirds of the total by 2030 from the current one third, Pichetto Fratin said.The minister said it would be up to future governments to decide whether to reintroduce nuclear energy, which Italy abandoned via referendum in the late 1980s in the wake of the Chernobyl disaster in the former Soviet Union.'Analysts are saying that renewables sources will not be enough without nuclear energy,' Pichetto Fratin said, adding that the current administration had only allowed research and tests for this energy source.Our Standards: The Thomson Reuters Trust Principles.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Brazil's iron ore exports jump 40% on month in MayBrazil's iron ore exports globally soared by 40% on month to reach 35.2 million tonnes in May, after the 7% on-month decline recorded in April, according to the latest statistics from Brazil's Ministry of Industry, Foreign Trade and Services. The May volume was also 38% higher compared to a year ago.
### Response:
YES
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YES
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Brazil's iron ore exports jump 40% on month in MayBrazil's iron ore exports globally soared by 40% on month to reach 35.2 million tonnes in May, after the 7% on-month decline recorded in April, according to the latest statistics from Brazil's Ministry of Industry, Foreign Trade and Services. The May volume was also 38% higher compared to a year ago.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Taiwan Feng Hsin cuts rebar list price by $20/tFeng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to trim its rebar list prices by TWD 600/tonne ($20/t) for transactions over June 5-9 to reflect the weakness in scrap prices and the poor demand of domestic customers, a company official confirmed on Monday.
### Response:
YES
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YES
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Taiwan Feng Hsin cuts rebar list price by $20/tFeng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to trim its rebar list prices by TWD 600/tonne ($20/t) for transactions over June 5-9 to reflect the weakness in scrap prices and the poor demand of domestic customers, a company official confirmed on Monday.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
WEEKLY: Ferro alloys prices plummet on lacklustre demandDomestic ferro alloys prices fell this week on subdued market sentiment. The domestic and international markets witnessed weak demand for all sub-commodities. However, ferro chrome prices rose due to a spike in demand and manufacturers switched to other grades as supplies dwindled.
### Response:
YES
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YES
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WEEKLY: Ferro alloys prices plummet on lacklustre demandDomestic ferro alloys prices fell this week on subdued market sentiment. The domestic and international markets witnessed weak demand for all sub-commodities. However, ferro chrome prices rose due to a spike in demand and manufacturers switched to other grades as supplies dwindled.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Walnuts: small dent in global production
### Response:
YES
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YES
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Walnuts: small dent in global production
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India's thermal power plants utilise 35 MT imported coal, meeting high demandpower India's domestic thermal power plants (TPPs) have utilised approximately 35 million tons (MT) of imported coal since the government mandated the blending of imported coal to the extent of 6 percent of their requirement, according to senior officials in the power ministry. However, power generation companies (gencos) have only been able to blend 3 percent of their coal requirement, falling short of the mandated 6 percent. The blending of imported coal has helped save about 46-48 MT of domestic coal and has played a crucial role in meeting the country's peak demand, which reached a record high of 221.34 gigawatts (GW) on May 23. Additionally, it has contributed to meeting the high demand during non-solar hours, particularly at night. To avoid a recurrence of the coal crisis experienced last year, the government issued an order on January 9, 2023, requiring all gencos to use imported coal to the extent of 6 percent of their requirement. This mandate will remain in effect until September this year. Gencos failing to comply with the directive face restrictions on a pro-rata basis, as per the order. In the previous year, India's power sector imported 38.84 MT of coal between April and October 2023. This year, gencos have already imported at least 35 MT of coal within just five months. In the entire year of 2021-22, the power sector imported a total of 27 MT of coal. Currently, the coal stock situation at the country's power plants remains manageable, with at least 35 MT of coal stocked at thermal power plants. As of June 4, 30 out of the 165 domestic coal-based thermal power plants had critical stocks. This number is significantly lower than the corresponding period last year when there were 96 or more such plants with critical stocks. Related stories PowerWatch | India's power demand peaked at 211.6 GW during weekend The template for discom reform is improving thanks to more state governments gaining confidence Govt permits import of pet coke as raw material for lithium-ion batteries Blending imported coal has helped maintain the thermal power plants' stocks at a safer level. Without the mandate, the stocks would have been at a precarious low. It is worth noting that the entire 35 MT of imported coal has been utilized by domestic coal-based power plants such as NTPC, DVC, and state-owned ones. Most of the imported coal, approximately 35 MT, comes from orders that were placed but put on hold due to the absence of any mandate. These orders were later revived by state and central gencos following the power ministry's January 9 order. Fresh orders for imported coal received from April 1 to June 4 amount to 4.91 MT, of which 2.5 MT has been consumed thus far, as per the available data. Data specifically related to imported coal-based (ICB) plants was not available as it is maintained separately. However, officials stated that the usage of imported coal by ICB plants is much lower compared to domestic coal-based (DCB) plants since there are only around 15 ICB plants in contrast to 165 DCB plants. Read More
### Response:
YES
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YES
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India's thermal power plants utilise 35 MT imported coal, meeting high demandpower India's domestic thermal power plants (TPPs) have utilised approximately 35 million tons (MT) of imported coal since the government mandated the blending of imported coal to the extent of 6 percent of their requirement, according to senior officials in the power ministry. However, power generation companies (gencos) have only been able to blend 3 percent of their coal requirement, falling short of the mandated 6 percent. The blending of imported coal has helped save about 46-48 MT of domestic coal and has played a crucial role in meeting the country's peak demand, which reached a record high of 221.34 gigawatts (GW) on May 23. Additionally, it has contributed to meeting the high demand during non-solar hours, particularly at night. To avoid a recurrence of the coal crisis experienced last year, the government issued an order on January 9, 2023, requiring all gencos to use imported coal to the extent of 6 percent of their requirement. This mandate will remain in effect until September this year. Gencos failing to comply with the directive face restrictions on a pro-rata basis, as per the order. In the previous year, India's power sector imported 38.84 MT of coal between April and October 2023. This year, gencos have already imported at least 35 MT of coal within just five months. In the entire year of 2021-22, the power sector imported a total of 27 MT of coal. Currently, the coal stock situation at the country's power plants remains manageable, with at least 35 MT of coal stocked at thermal power plants. As of June 4, 30 out of the 165 domestic coal-based thermal power plants had critical stocks. This number is significantly lower than the corresponding period last year when there were 96 or more such plants with critical stocks. Related stories PowerWatch | India's power demand peaked at 211.6 GW during weekend The template for discom reform is improving thanks to more state governments gaining confidence Govt permits import of pet coke as raw material for lithium-ion batteries Blending imported coal has helped maintain the thermal power plants' stocks at a safer level. Without the mandate, the stocks would have been at a precarious low. It is worth noting that the entire 35 MT of imported coal has been utilized by domestic coal-based power plants such as NTPC, DVC, and state-owned ones. Most of the imported coal, approximately 35 MT, comes from orders that were placed but put on hold due to the absence of any mandate. These orders were later revived by state and central gencos following the power ministry's January 9 order. Fresh orders for imported coal received from April 1 to June 4 amount to 4.91 MT, of which 2.5 MT has been consumed thus far, as per the available data. Data specifically related to imported coal-based (ICB) plants was not available as it is maintained separately. However, officials stated that the usage of imported coal by ICB plants is much lower compared to domestic coal-based (DCB) plants since there are only around 15 ICB plants in contrast to 165 DCB plants. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Crude oil prices to remain weak despite production cuts by Saudi: AnalystsRepresentative image Crude oil prices are expected to remain weak in June despite production cuts by Saudi Arabia, according to energy experts. This comes after the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) member country Saudi Arabia announced on June 4 a cut in oil production of another one million barrels per day (bpd) starting in July. However, other OPEC+ countries, including Russia, have not announced further cuts. On the development, Deepak Jasani, Head of Retail Research, HDFC Securities, said, 'Prices will not rise majorly. There may be an upward momentum in immediate reaction, but prices are expected to remain weak in June amid low demand.' Crude oil prices traded around $75 per barrel in May due to demand weakness and recession worries. In April, OPEC+ announced a further supply cut of around 1.16 million bpd for 2023 to put pressure on oil prices. OPEC had agreed to cut production by two million bpd from November 2022 until the end of 2023, despite calls for pumping more oil by the US government. In April, Saudi Arabia decided to reduce supply by 500,000 bpd, while Iraq announced a cut of over 200,000 bpd starting from May 2023 until the end of the year. Russia said it will continue the production cut it announced earlier until the end of 2023. The country announced a production cut of 500,000 bpd in February. Related stories Oil prices tick down with OPEC meeting in rear view Opec+ extends oil production cuts, Saudi Arabia pledges big cuts in July Analysts said oil prices may rise immediately but would ultimately settle down amid demand worries, similar to when OPEC+ announced cuts in April. Probal Sen, Energy Analyst, ICICI Securities, said, 'Post the immediate reaction, my sense is that the signal this sends to global markets is that demand remains weak and no one else is willing to cut output. So, I think, the medium-term reaction will remain bearish.' Weak demand weighed on prices in May Crude oil prices, which touched an all-time high of $140 per barrel in March 2022, were trading around $75 per barrel in the month of May this year. Analysts said weak demand in China despite the reopening of the largest oil consumer in the world and recession worries in European countries dragged down prices in May. Prashant Vasisht, VP and Co-head of Corporate Ratings, ICRA, said, 'Muted driving season in America, weaker-than-expected demand from China, and several countries in Europe staring at recession were the major factors for weak prices in May.' 'In Europe, countries such as Germany are already in recession, and there is a high probability that the US may also enter recession by the end of this year. This has led to weakness in crude oil prices,' Vasisht added. Crude oil prices rose 2 percent to $77 per barrel on June 5. Read More
### Response:
YES
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YES
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Crude oil prices to remain weak despite production cuts by Saudi: AnalystsRepresentative image Crude oil prices are expected to remain weak in June despite production cuts by Saudi Arabia, according to energy experts. This comes after the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) member country Saudi Arabia announced on June 4 a cut in oil production of another one million barrels per day (bpd) starting in July. However, other OPEC+ countries, including Russia, have not announced further cuts. On the development, Deepak Jasani, Head of Retail Research, HDFC Securities, said, 'Prices will not rise majorly. There may be an upward momentum in immediate reaction, but prices are expected to remain weak in June amid low demand.' Crude oil prices traded around $75 per barrel in May due to demand weakness and recession worries. In April, OPEC+ announced a further supply cut of around 1.16 million bpd for 2023 to put pressure on oil prices. OPEC had agreed to cut production by two million bpd from November 2022 until the end of 2023, despite calls for pumping more oil by the US government. In April, Saudi Arabia decided to reduce supply by 500,000 bpd, while Iraq announced a cut of over 200,000 bpd starting from May 2023 until the end of the year. Russia said it will continue the production cut it announced earlier until the end of 2023. The country announced a production cut of 500,000 bpd in February. Related stories Oil prices tick down with OPEC meeting in rear view Opec+ extends oil production cuts, Saudi Arabia pledges big cuts in July Analysts said oil prices may rise immediately but would ultimately settle down amid demand worries, similar to when OPEC+ announced cuts in April. Probal Sen, Energy Analyst, ICICI Securities, said, 'Post the immediate reaction, my sense is that the signal this sends to global markets is that demand remains weak and no one else is willing to cut output. So, I think, the medium-term reaction will remain bearish.' Weak demand weighed on prices in May Crude oil prices, which touched an all-time high of $140 per barrel in March 2022, were trading around $75 per barrel in the month of May this year. Analysts said weak demand in China despite the reopening of the largest oil consumer in the world and recession worries in European countries dragged down prices in May. Prashant Vasisht, VP and Co-head of Corporate Ratings, ICRA, said, 'Muted driving season in America, weaker-than-expected demand from China, and several countries in Europe staring at recession were the major factors for weak prices in May.' 'In Europe, countries such as Germany are already in recession, and there is a high probability that the US may also enter recession by the end of this year. This has led to weakness in crude oil prices,' Vasisht added. Crude oil prices rose 2 percent to $77 per barrel on June 5. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Govt gets Rs 4,185.31 crore from Coal India stake saleGovt gets Rs 4,185.31 cr from Coal India stake sale The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India. The holding of the government has come down to 63.13 per cent in the coal producer after the offer-for-sale (OFS), CIL said in a stock exchange filing. The government has received Rs 4,185 crore through a 3 per cent stake sale in state-run Coal India, as per the Department of Investment and Public Asset Management (DIPAM) website. The government last week sold three per cent stake in CIL and the issue was oversubscribed by both retail and institutional investors. So far in the current fiscal, the government has mopped up Rs 4,235 crore from PSU stake sale. The full-year target from disinvestment has been pegged at Rs 51,000 crore. Read More
### Response:
YES
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YES
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Govt gets Rs 4,185.31 crore from Coal India stake saleGovt gets Rs 4,185.31 cr from Coal India stake sale The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India. The holding of the government has come down to 63.13 per cent in the coal producer after the offer-for-sale (OFS), CIL said in a stock exchange filing. The government has received Rs 4,185 crore through a 3 per cent stake sale in state-run Coal India, as per the Department of Investment and Public Asset Management (DIPAM) website. The government last week sold three per cent stake in CIL and the issue was oversubscribed by both retail and institutional investors. So far in the current fiscal, the government has mopped up Rs 4,235 crore from PSU stake sale. The full-year target from disinvestment has been pegged at Rs 51,000 crore. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Punjab's Cotton Sowing Season Ends with Disappointing Results, Falls Short of 3 Lakh Hectare TargetPunjab's Cotton Sowing Season Ends with Disappointing Results, Falls Short of 3 Lakh Hectare Target (Photo Source: Pixabay) The state's agricultural sector has faced significant challenges in achieving its goal of bringing 300,000 hectares of land under cotton cultivation. Adverse weather conditions and the prospect of lower profits compared to paddy have hindered farmers' efforts. The primary districts involved in cotton production are Fazilka, Bathinda, Mansa, and Muktsar. As of May 31, when the sowing season concluded, approximately 175,000 hectares (58 percent of the target) had been sown with the cotton crop. This falls short of last year's achievement of 248,000 hectares against a 400,000-hectare target. A senior official from the Agriculture Department mentioned that initially, May 20 was set as the deadline for cotton sowing, but it was extended to May 31. They also stated that this year, around 175,000 hectares of cotton cultivation had been achieved, with Fazilka being the only district that showed better performance. Jangir Singh, Chief Agriculture Officer of Fazilka, stated that more than half of the land dedicated to cotton cultivation is in Fazilka district. They managed to sow the crop on 90,850 hectares, which is close to their target of 150,000 hectares. Singh attributed the success to the timely availability of canal water, which greatly supported the farmers. Related Links Cotton acreage likely to increase in North Area under cotton crop is likely to increase in the northern States of Punjab, Haryana and Rajasthan in this kharif… <iframe id='google_ads_frame1'> Singh further added that the 33 percent subsidy on cotton seeds played a crucial role this year. Despite unfavorable weather conditions, they succeeded in maximizing the land allocated for cotton cultivation. Farmers revealed that they refrained from sowing cotton last year despite it fetching higher prices than the minimum support price. This was due to infestations of whitefly and pink bollworm. Gurdeep Singh, a cotton grower, expressed that the majority of farmers are unaware of the latest methods for mitigating damage caused by these pests. Additionally, the weather has been unfavorable, leading some farmers to replant the crop. He mentioned that the input costs have escalated significantly. Gurpreet Singh, Chief Agriculture Officer of Muktsar, explained that in Muktsar district, cotton has been sown on nearly 20,000 hectares, falling short of the target of 50,000 hectares. Several factors, including rainfall and pest attacks, have contributed to this situation. He continued by stating that farmers are opting for the paddy crop due to its high yield and late-sown varieties. Last year, cotton yield per acre averaged between four to six quintals, with prices ranging from Rs 7,500 to Rs 8,000 per quintal. In contrast, paddy yield reached 30 quintals per acre, with a minimum support price of Rs 2,060 per quintal. The challenges faced by the agricultural sector in meeting cotton cultivation targets are multifaceted. Weather conditions, pest infestations, lack of awareness about damage control methods, and the comparative profitability of alternative crops have contributed to this setback. It is crucial for the state's authorities to work closely with farmers, providing support, education, and incentives to encourage cotton cultivation in the future. First published on: 04 Jun 2023, 12:35 IST
### Response:
YES
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YES
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Punjab's Cotton Sowing Season Ends with Disappointing Results, Falls Short of 3 Lakh Hectare TargetPunjab's Cotton Sowing Season Ends with Disappointing Results, Falls Short of 3 Lakh Hectare Target (Photo Source: Pixabay) The state's agricultural sector has faced significant challenges in achieving its goal of bringing 300,000 hectares of land under cotton cultivation. Adverse weather conditions and the prospect of lower profits compared to paddy have hindered farmers' efforts. The primary districts involved in cotton production are Fazilka, Bathinda, Mansa, and Muktsar. As of May 31, when the sowing season concluded, approximately 175,000 hectares (58 percent of the target) had been sown with the cotton crop. This falls short of last year's achievement of 248,000 hectares against a 400,000-hectare target. A senior official from the Agriculture Department mentioned that initially, May 20 was set as the deadline for cotton sowing, but it was extended to May 31. They also stated that this year, around 175,000 hectares of cotton cultivation had been achieved, with Fazilka being the only district that showed better performance. Jangir Singh, Chief Agriculture Officer of Fazilka, stated that more than half of the land dedicated to cotton cultivation is in Fazilka district. They managed to sow the crop on 90,850 hectares, which is close to their target of 150,000 hectares. Singh attributed the success to the timely availability of canal water, which greatly supported the farmers. Related Links Cotton acreage likely to increase in North Area under cotton crop is likely to increase in the northern States of Punjab, Haryana and Rajasthan in this kharif… <iframe id='google_ads_frame1'> Singh further added that the 33 percent subsidy on cotton seeds played a crucial role this year. Despite unfavorable weather conditions, they succeeded in maximizing the land allocated for cotton cultivation. Farmers revealed that they refrained from sowing cotton last year despite it fetching higher prices than the minimum support price. This was due to infestations of whitefly and pink bollworm. Gurdeep Singh, a cotton grower, expressed that the majority of farmers are unaware of the latest methods for mitigating damage caused by these pests. Additionally, the weather has been unfavorable, leading some farmers to replant the crop. He mentioned that the input costs have escalated significantly. Gurpreet Singh, Chief Agriculture Officer of Muktsar, explained that in Muktsar district, cotton has been sown on nearly 20,000 hectares, falling short of the target of 50,000 hectares. Several factors, including rainfall and pest attacks, have contributed to this situation. He continued by stating that farmers are opting for the paddy crop due to its high yield and late-sown varieties. Last year, cotton yield per acre averaged between four to six quintals, with prices ranging from Rs 7,500 to Rs 8,000 per quintal. In contrast, paddy yield reached 30 quintals per acre, with a minimum support price of Rs 2,060 per quintal. The challenges faced by the agricultural sector in meeting cotton cultivation targets are multifaceted. Weather conditions, pest infestations, lack of awareness about damage control methods, and the comparative profitability of alternative crops have contributed to this setback. It is crucial for the state's authorities to work closely with farmers, providing support, education, and incentives to encourage cotton cultivation in the future. First published on: 04 Jun 2023, 12:35 IST
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Telangana's Textile Town of Sircilla Undergoes Remarkable Transformation in 9 Years, Declares KTRTelangana's Textile Town of Sircilla Undergoes Remarkable Transformation in Just 9 Years, Declares KTR (Photo Source: Pexels) Sircilla, a renowned textile town in Telangana, has undergone an extraordinary transformation over the past nine years, providing improved livelihood opportunities for weavers, powerloom workers, and significant infrastructural development, according to Industries and IT Minister K.T. Rama Rao. Previously, weavers and power-loom workers faced dire circumstances due to the crisis in the power-loom sector and the lack of support from previous administrations. However, they now enjoy assured orders and sustainable incomes. Minister Rama Rao attributed this positive change to the BRS government's dedicated efforts to uplift weavers. To ensure sustainable income for power-loom workers and owners, the State government has been placing substantial orders for the production of Bathukamma sarees and sarees intended for distribution during Christmas and Ramzan festivals, with a combined worth of approximately Rs 2,500 crore. This initiative alone guarantees a monthly income of Rs 16,000 for over 15,000 power-loom workers in Sircilla. The construction of an apparel park, occupying 60 acres and requiring an investment of Rs 174 crore, is progressing rapidly. Additionally, work on the proposed Rs 388-crore weaving park, spanning 88 acres near Sircilla's Peddur area, is also advancing at an accelerated pace. Related Links Textile & Apparel Exports Experience 14% Decline Exports of textiles and clothing fell 13.9% in 2022-2023 compared to the previous year. Textiles and apparel accounted for 9.79%… <iframe id='google_ads_frame1'> Already, an apparel unit operated by Gokaldas Images Company has commenced operations at the apparel park, providing livelihoods for around 950 individuals. Once fully completed, the apparel park is expected to create employment opportunities for approximately 8,000 women. Moreover, the Nethanna Bheema insurance scheme for weavers covers around 80,000 handloom and power-loom workers in the State, offering them valuable financial protection. Minister Rama Rao highlighted the government's flagship welfare programs, including Rythu Bandhu and Dalit Bandhu, as instrumental in achieving significant milestones in areas such as irrigation, education, healthcare, and other crucial sectors within the nine years since Telangana's formation. The Telangana Formation Day ceremony was attended by Collector Anuraag Jayanti, Superintendent of Police Akhil Mahajan, and other dignitaries who witnessed the celebration of the region's progress and development. First published on: 05 Jun 2023, 07:23 IST
### Response:
YES
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YES
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Telangana's Textile Town of Sircilla Undergoes Remarkable Transformation in 9 Years, Declares KTRTelangana's Textile Town of Sircilla Undergoes Remarkable Transformation in Just 9 Years, Declares KTR (Photo Source: Pexels) Sircilla, a renowned textile town in Telangana, has undergone an extraordinary transformation over the past nine years, providing improved livelihood opportunities for weavers, powerloom workers, and significant infrastructural development, according to Industries and IT Minister K.T. Rama Rao. Previously, weavers and power-loom workers faced dire circumstances due to the crisis in the power-loom sector and the lack of support from previous administrations. However, they now enjoy assured orders and sustainable incomes. Minister Rama Rao attributed this positive change to the BRS government's dedicated efforts to uplift weavers. To ensure sustainable income for power-loom workers and owners, the State government has been placing substantial orders for the production of Bathukamma sarees and sarees intended for distribution during Christmas and Ramzan festivals, with a combined worth of approximately Rs 2,500 crore. This initiative alone guarantees a monthly income of Rs 16,000 for over 15,000 power-loom workers in Sircilla. The construction of an apparel park, occupying 60 acres and requiring an investment of Rs 174 crore, is progressing rapidly. Additionally, work on the proposed Rs 388-crore weaving park, spanning 88 acres near Sircilla's Peddur area, is also advancing at an accelerated pace. Related Links Textile & Apparel Exports Experience 14% Decline Exports of textiles and clothing fell 13.9% in 2022-2023 compared to the previous year. Textiles and apparel accounted for 9.79%… <iframe id='google_ads_frame1'> Already, an apparel unit operated by Gokaldas Images Company has commenced operations at the apparel park, providing livelihoods for around 950 individuals. Once fully completed, the apparel park is expected to create employment opportunities for approximately 8,000 women. Moreover, the Nethanna Bheema insurance scheme for weavers covers around 80,000 handloom and power-loom workers in the State, offering them valuable financial protection. Minister Rama Rao highlighted the government's flagship welfare programs, including Rythu Bandhu and Dalit Bandhu, as instrumental in achieving significant milestones in areas such as irrigation, education, healthcare, and other crucial sectors within the nine years since Telangana's formation. The Telangana Formation Day ceremony was attended by Collector Anuraag Jayanti, Superintendent of Police Akhil Mahajan, and other dignitaries who witnessed the celebration of the region's progress and development. First published on: 05 Jun 2023, 07:23 IST
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Morning Market Update – 06/06/2023Yesterday’s closing dated –05/06/2023 ◾London White Sugar – 676.40s (-9.70) ◾NYBOT Raw Sugar #11 – 24.40s (-0.33) ◾USD/BRL – 4.9272 (-0.0016) ◾USD/INR –82.498 (-0.028) ◾WTI Crude – 71.76 (-0.39) ◾BSE Sensex – 62,787.47 (+240.36) ◾NIFTY50 – 18,593.85 (+59.75)
### Response:
YES
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YES
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Morning Market Update – 06/06/2023Yesterday’s closing dated –05/06/2023 ◾London White Sugar – 676.40s (-9.70) ◾NYBOT Raw Sugar #11 – 24.40s (-0.33) ◾USD/BRL – 4.9272 (-0.0016) ◾USD/INR –82.498 (-0.028) ◾WTI Crude – 71.76 (-0.39) ◾BSE Sensex – 62,787.47 (+240.36) ◾NIFTY50 – 18,593.85 (+59.75)
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Li-Metal Achieves Breakthrough in Lithium Metal Synthesis, Paving the Way for North American Battery ManufacturingThe successful demonstration of Lithium Metal synthesis from Lithium Carbonate by Li-Metal supports the Company's aim of establishing North American-based Lithium Metal manufacturing capacity that next-generation battery makers could use. Furthermore, by reaching this milestone, the Company can guarantee its supply of Lithium Metal for anode manufacturing, allowing it to implement its vertically integrated business model.
### Response:
NO
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NO
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Li-Metal Achieves Breakthrough in Lithium Metal Synthesis, Paving the Way for North American Battery ManufacturingThe successful demonstration of Lithium Metal synthesis from Lithium Carbonate by Li-Metal supports the Company's aim of establishing North American-based Lithium Metal manufacturing capacity that next-generation battery makers could use. Furthermore, by reaching this milestone, the Company can guarantee its supply of Lithium Metal for anode manufacturing, allowing it to implement its vertically integrated business model.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
New Dual Pressure Nitric Acid Plant to Be Licenced and Built by CasaleSwitzerland: Casale and Agropolychim have signed an agreement that will ultimately double Nitrogen fertilizer production capacity up to 1.5 million tons per year (AN, CAN, CN and UAN combined). Casale will license and build a new, state-of-the-art, dual-pressure Nitric Acid plant that will promote local green energy production. The plant is expected to be operational before the end of 2027. This is an important step in Agropolychim's investment plan, which will amount to over 250 million euros over the next five years.
### Response:
NO
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NO
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New Dual Pressure Nitric Acid Plant to Be Licenced and Built by CasaleSwitzerland: Casale and Agropolychim have signed an agreement that will ultimately double Nitrogen fertilizer production capacity up to 1.5 million tons per year (AN, CAN, CN and UAN combined). Casale will license and build a new, state-of-the-art, dual-pressure Nitric Acid plant that will promote local green energy production. The plant is expected to be operational before the end of 2027. This is an important step in Agropolychim's investment plan, which will amount to over 250 million euros over the next five years.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Propylene Oxide Prices Increase in Europe Amid Rising Demand From Glycol IndustriesAs per the recent analysis, the Propylene Oxide market showcased positive sentiments during May 2023 after declining in the European region for the past couple of months. At the end of April 2023, the Propylene Oxide market shifted upward due to the increased inquiries and offtakes from downstream Propylene Glycol industries.
### Response:
YES
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YES
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Propylene Oxide Prices Increase in Europe Amid Rising Demand From Glycol IndustriesAs per the recent analysis, the Propylene Oxide market showcased positive sentiments during May 2023 after declining in the European region for the past couple of months. At the end of April 2023, the Propylene Oxide market shifted upward due to the increased inquiries and offtakes from downstream Propylene Glycol industries.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rise In Lithium Carbonate Prices Slows Down SharplySHANGHAI, Jun 5 (SMM) –The prices of lithium carbonate inched higher last week. Leading smelters held offers firm amid bullish sentiment. Recovering demand for LFP and ternary cathode materials also shored up lithium carbonate prices. However, downstream buyers rejected sharp price hikes.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Rise In Lithium Carbonate Prices Slows Down SharplySHANGHAI, Jun 5 (SMM) –The prices of lithium carbonate inched higher last week. Leading smelters held offers firm amid bullish sentiment. Recovering demand for LFP and ternary cathode materials also shored up lithium carbonate prices. However, downstream buyers rejected sharp price hikes.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chinese Lithium Carbonate Smelters’ Appetite For Expensive Australian Lithium Ore Has SoftenedSHANGHAI, Jun 5 (SMM) –Lepidolite prices continued to rise last week amid unstable production. The current high lepidolite prices have somehow cooled down the buying interest of lithium salt smelters. A large number of dressing plants in Yichun, Jiangxi province, are running at extremely low capacity. The recent high auction prices of Yichun Tantalum-Niobium Mine may send market prices up further.Spodumene prices dropped slightly on a CIF basis. Chinese lithium carbonate smelters’ appetite for expensive Australian lithium ore has softened. The supply of African lithium ore has increased significantly. As such, spodumene prices may continue to drop slightly.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Chinese Lithium Carbonate Smelters’ Appetite For Expensive Australian Lithium Ore Has SoftenedSHANGHAI, Jun 5 (SMM) –Lepidolite prices continued to rise last week amid unstable production. The current high lepidolite prices have somehow cooled down the buying interest of lithium salt smelters. A large number of dressing plants in Yichun, Jiangxi province, are running at extremely low capacity. The recent high auction prices of Yichun Tantalum-Niobium Mine may send market prices up further.Spodumene prices dropped slightly on a CIF basis. Chinese lithium carbonate smelters’ appetite for expensive Australian lithium ore has softened. The supply of African lithium ore has increased significantly. As such, spodumene prices may continue to drop slightly.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Recycled PET Prices Trending Down Amid Weak US DemandDemand for recycled polyethylene terephthalate (rPET) is expected to remain moderate to soft in 2023 despite long-term recycled content goals, resulting in potential downward price pressure in the United States. To understand the US rPET market, one must look at the basics of each major price driver — supply, demand, production costs, and quality.In terms of rPET supply, ICIS Mechanical Recycling Supply Tracker has identified nearly 120 mechanical recycling sites in the United States with a total capacity of 1.9 million tonnes in 2022.Approximately 80% of US rPET capacity comes from post-consumer sources, primarily bottles, while the remaining 20% originates from post-industrial feedstock. Ten US states have bottle bill programs, also called deposit return schemes (DRS), to encourage container recycling.In addition, nearly 50% of US rPET capacity is food grade, which is a requirement for recycled resins to be used in new beverage containers.Evolving state regulations and voluntary brand-owner pledges to increase the use of recycled materials are the main sustainability-related demand drivers in the United States in the long term.On Jan. 1, 2022, California’s minimum recycled content mandate for plastic beverage containers came into effect. The state of Washington and New Jersey have passed similar bills with recycled content mandates that start in 2023 and 2024, respectively, and include more product categories such as non-beverage containers, plastic carryout bags, and trash bags. Maine also passed a law requiring recycled content for plastic beverage containers starting in 2026. Despite future requirements to use increasing amounts of recycled plastic, current rPET supply is healthy, borderline in excess, to meet today’s demand. From bottle to pellet, recycling costs include the feedstock as well as other production expenses. The key difference between the recycled and virgin resin markets is feedstock source, as the recycling industry uses plastic waste, a volatile material in terms of quality, availability, and price. Furthermore, recycling production costs have risen in tandem with higher labor costs, electricity, and financing rates across the nation.For recyclers, the challenge is to remain viable as a business but also competitive with virgin resin prices, which can cannibalize margins and even lead to production losses.The quality of recycled resin influences both demand and price, depending on performance, color, and end markets. The US market has traditionally used bottle flake most significantly in fiber applications, but the bottle-to-bottle market has grown considerably in recent years, given the sustainability agenda of fast-moving consumer goods (FMCG). The demand for closed loop recycling in food-contact applications also drives up quality requirements in feedstock and recycled products. This increases prices for the highest quality clear PET bales and food-grade rPET.US rPET demand traditionally was dominated by the fiber industry, but current economic headwinds affecting products such as the textile and carpet end markets have weakened demand throughout 2023.Demand from consumer goods companies, including bottled beverage producers, is currently flat despite long-term recycled content goals.While some consumer goods companies continue to purchase rPET to meet their voluntary or regulatory targets for recycled content, the current economic headwinds have led other buyers to delay or limit orders of higher-cost recycled resins.The price of virgin resin still has an influence on demand for recycled materials among cost-sensitive buyers. When the delta between virgin and recycled feedstock expands in favor of virgin as the lower-cost feedstock, buyers can be drawn toward a higher mix of virgin resin. This has been evident in the market this year, as economically incentivized customers have shifted focus to managing costs rather than driving plastics circularity.The combined market conditions have resulted in downward price pressure in the United States for most recycled resin grades. For instance, according to my colleague Emily Friedman, recycled plastics senior editor at ICIS, spot market color-less post-consumer rPET flake and pellet prices have dropped across the United States, reflecting continued demand weakness paired with pressure from competitive imports.In the next couple of months, rPET demand is expected to remain soft, despite the historical expectation of peak bottled beverage demand during the summer season. Although sustainability-driven US buyers are expected to maintain consistent demand for rPET, cost-sensitive buyers may switch back to higher volumes of virgin PET in their feedstock mix, especially as virgin PET prices drop because of ongoing destocking in the United States. In the next couple of years, the market is expected to recover in response to regulatory and voluntary recycled content targets. The return of demand is expected to put upward pressure on rPET supply and, therefore, prices in the near term, until there is substantial expansion in supply. About the authorPaula Leardini is a senior analyst and Americas analyst team lead for plastics recycling at ICIS, which helps businesses in the energy, chemicals, and fertilizer industries make strategic decisions, mitigate risk, improve productivity, and capitalize on new opportunities through a global team of more than 600 experts.
### Response:
YES
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YES
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Recycled PET Prices Trending Down Amid Weak US DemandDemand for recycled polyethylene terephthalate (rPET) is expected to remain moderate to soft in 2023 despite long-term recycled content goals, resulting in potential downward price pressure in the United States. To understand the US rPET market, one must look at the basics of each major price driver — supply, demand, production costs, and quality.In terms of rPET supply, ICIS Mechanical Recycling Supply Tracker has identified nearly 120 mechanical recycling sites in the United States with a total capacity of 1.9 million tonnes in 2022.Approximately 80% of US rPET capacity comes from post-consumer sources, primarily bottles, while the remaining 20% originates from post-industrial feedstock. Ten US states have bottle bill programs, also called deposit return schemes (DRS), to encourage container recycling.In addition, nearly 50% of US rPET capacity is food grade, which is a requirement for recycled resins to be used in new beverage containers.Evolving state regulations and voluntary brand-owner pledges to increase the use of recycled materials are the main sustainability-related demand drivers in the United States in the long term.On Jan. 1, 2022, California’s minimum recycled content mandate for plastic beverage containers came into effect. The state of Washington and New Jersey have passed similar bills with recycled content mandates that start in 2023 and 2024, respectively, and include more product categories such as non-beverage containers, plastic carryout bags, and trash bags. Maine also passed a law requiring recycled content for plastic beverage containers starting in 2026. Despite future requirements to use increasing amounts of recycled plastic, current rPET supply is healthy, borderline in excess, to meet today’s demand. From bottle to pellet, recycling costs include the feedstock as well as other production expenses. The key difference between the recycled and virgin resin markets is feedstock source, as the recycling industry uses plastic waste, a volatile material in terms of quality, availability, and price. Furthermore, recycling production costs have risen in tandem with higher labor costs, electricity, and financing rates across the nation.For recyclers, the challenge is to remain viable as a business but also competitive with virgin resin prices, which can cannibalize margins and even lead to production losses.The quality of recycled resin influences both demand and price, depending on performance, color, and end markets. The US market has traditionally used bottle flake most significantly in fiber applications, but the bottle-to-bottle market has grown considerably in recent years, given the sustainability agenda of fast-moving consumer goods (FMCG). The demand for closed loop recycling in food-contact applications also drives up quality requirements in feedstock and recycled products. This increases prices for the highest quality clear PET bales and food-grade rPET.US rPET demand traditionally was dominated by the fiber industry, but current economic headwinds affecting products such as the textile and carpet end markets have weakened demand throughout 2023.Demand from consumer goods companies, including bottled beverage producers, is currently flat despite long-term recycled content goals.While some consumer goods companies continue to purchase rPET to meet their voluntary or regulatory targets for recycled content, the current economic headwinds have led other buyers to delay or limit orders of higher-cost recycled resins.The price of virgin resin still has an influence on demand for recycled materials among cost-sensitive buyers. When the delta between virgin and recycled feedstock expands in favor of virgin as the lower-cost feedstock, buyers can be drawn toward a higher mix of virgin resin. This has been evident in the market this year, as economically incentivized customers have shifted focus to managing costs rather than driving plastics circularity.The combined market conditions have resulted in downward price pressure in the United States for most recycled resin grades. For instance, according to my colleague Emily Friedman, recycled plastics senior editor at ICIS, spot market color-less post-consumer rPET flake and pellet prices have dropped across the United States, reflecting continued demand weakness paired with pressure from competitive imports.In the next couple of months, rPET demand is expected to remain soft, despite the historical expectation of peak bottled beverage demand during the summer season. Although sustainability-driven US buyers are expected to maintain consistent demand for rPET, cost-sensitive buyers may switch back to higher volumes of virgin PET in their feedstock mix, especially as virgin PET prices drop because of ongoing destocking in the United States. In the next couple of years, the market is expected to recover in response to regulatory and voluntary recycled content targets. The return of demand is expected to put upward pressure on rPET supply and, therefore, prices in the near term, until there is substantial expansion in supply. About the authorPaula Leardini is a senior analyst and Americas analyst team lead for plastics recycling at ICIS, which helps businesses in the energy, chemicals, and fertilizer industries make strategic decisions, mitigate risk, improve productivity, and capitalize on new opportunities through a global team of more than 600 experts.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Indian government likely to impose CVD on stainless steel importsThe Indian government is likely to impose countervailing duty (CVD) on imports of stainless steel flat products, government sources said on Monday, June 5. They said that that the Director General of Trade Remedies (DGTR) has already submitted its recommendation seeking 19 percent CVD on all imported stainless steel flat products to the ministry of finance, and the latter is expected to make a final decision and issue official notification soon. Stainless steel flat product imports had previously attracted 19 percent CVD, but this was withdrawn in the national budget for 2021-22. Last month, Steel Authority of India Limited (SAIL) and Jindal Stainless Limited petitioned the government seeking reimposition of the CVD on stainless steel imports from China which were landing in the country at 19 percent lower than current domestic prices. The two domestic producers pointed out that that countries like Brazil, Malaysia, Mexico, South Korea, Taiwan, Thailand, the US, Vietnam and the European Union nations have imposed duty on shipments of stainless steel strip from China and some of these duties have been in force since 2013, and they stated that India should also bring back the levy to ensure a level playing ground for domestic producers.
### Response:
NO
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NO
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Indian government likely to impose CVD on stainless steel importsThe Indian government is likely to impose countervailing duty (CVD) on imports of stainless steel flat products, government sources said on Monday, June 5. They said that that the Director General of Trade Remedies (DGTR) has already submitted its recommendation seeking 19 percent CVD on all imported stainless steel flat products to the ministry of finance, and the latter is expected to make a final decision and issue official notification soon. Stainless steel flat product imports had previously attracted 19 percent CVD, but this was withdrawn in the national budget for 2021-22. Last month, Steel Authority of India Limited (SAIL) and Jindal Stainless Limited petitioned the government seeking reimposition of the CVD on stainless steel imports from China which were landing in the country at 19 percent lower than current domestic prices. The two domestic producers pointed out that that countries like Brazil, Malaysia, Mexico, South Korea, Taiwan, Thailand, the US, Vietnam and the European Union nations have imposed duty on shipments of stainless steel strip from China and some of these duties have been in force since 2013, and they stated that India should also bring back the levy to ensure a level playing ground for domestic producers.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Automotive sales in Turkey up 60.5 percent in January-MayIn May this year, sales of passenger cars and light commercial vehicles in Turkey rose by 70.9 percent year on year and by 14.0 percent month on month to 111,356 units, according to the statistics released by the Turkish Automotive Distributors and Mobility Association (ODMD). In the given month, domestic sales of passenger cars in Turkey moved up by 68.5 percent year on year and by 12.7 percent month on month to 87,218 units, while sales of light commercial vehicles increased by 79.9 percent year on year and by 19.0 percent month on month to 24,138 units. In the January-May period this year, domestic sales of passenger cars and light commercial vehicles saw an increase of 60.5 percent year on year, amounting to 445,006 units. In the given period, domestic sales of passenger cars in the country grew by 58.8 percent to 340,037 units, while sales of light commercial vehicles rose by 66.3 percent to 104,969 units, both on year-on-year basis.
### Response:
YES
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YES
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Automotive sales in Turkey up 60.5 percent in January-MayIn May this year, sales of passenger cars and light commercial vehicles in Turkey rose by 70.9 percent year on year and by 14.0 percent month on month to 111,356 units, according to the statistics released by the Turkish Automotive Distributors and Mobility Association (ODMD). In the given month, domestic sales of passenger cars in Turkey moved up by 68.5 percent year on year and by 12.7 percent month on month to 87,218 units, while sales of light commercial vehicles increased by 79.9 percent year on year and by 19.0 percent month on month to 24,138 units. In the January-May period this year, domestic sales of passenger cars and light commercial vehicles saw an increase of 60.5 percent year on year, amounting to 445,006 units. In the given period, domestic sales of passenger cars in the country grew by 58.8 percent to 340,037 units, while sales of light commercial vehicles rose by 66.3 percent to 104,969 units, both on year-on-year basis.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
MOC: Average steel prices in China edge down slightly during May 22-28China's Ministry of Commerce (MOC) has announced that during the May 22-28 period this year the overall average finished steel price in China indicated a slight downtrend. In the given period, the average prices of rebar, high-speed wire rod and steel channels decreased by 2.0 percent, 1.8 percent and 1.7 percent week on week, respectively. In the same period, the average prices of coking coal, thermal coal and smoke-free lump coal moved down by 1.6 percent, 0.7 percent and 0.6 percent week on week, respectively.
### Response:
YES
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YES
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MOC: Average steel prices in China edge down slightly during May 22-28China's Ministry of Commerce (MOC) has announced that during the May 22-28 period this year the overall average finished steel price in China indicated a slight downtrend. In the given period, the average prices of rebar, high-speed wire rod and steel channels decreased by 2.0 percent, 1.8 percent and 1.7 percent week on week, respectively. In the same period, the average prices of coking coal, thermal coal and smoke-free lump coal moved down by 1.6 percent, 0.7 percent and 0.6 percent week on week, respectively.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India’s NMDC Limited reports 16 percent rise in iron ore output in MayIndian state-run miner NMDC Limited achieved iron ore production of 3.71 million mt million mt in May this year, up 16 percent year on year, a company statement said on Monday, June 5. The company reported total iron ore sales of 3.62 million mt, up 37 percent year on year, the statement said.
### Response:
NO
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NO
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India’s NMDC Limited reports 16 percent rise in iron ore output in MayIndian state-run miner NMDC Limited achieved iron ore production of 3.71 million mt million mt in May this year, up 16 percent year on year, a company statement said on Monday, June 5. The company reported total iron ore sales of 3.62 million mt, up 37 percent year on year, the statement said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Steel sector PMI in Hebei increases to 39.7 percent in MayIn May this year, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province rose to 39.7 percent, up 2.9 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association (MIA). In the given month, the trend of the PMI for the steel sector in Hebei Province was different to that for the whole of China, which decreased by 9.8 percentage points month on month to 35.2 percent, as announced by the China Steel Logistics Committee (CSLC). In May, the overall new order index for Hebei Province’s steel sector stood at 29.8 percent, up 3.6 percentage points compared to the previous month. Decreasing raw material prices weakened the support for finished steel prices, while the low levels of steel prices stimulated transaction activities. In the given month, the new export order index for Hebei Province’s steel sector was at 36.5 percent, up 8.5 percentage points month on month, while the production index for Hebei Province’s steel sector was at 45.3 percent, up 6.9 percentage points month on month. At the same time, the inventory index for finished steel in Hebei Province decreased to 48.8 percent, down 3.7 percentage points month on month. Meanwhile, the inventory index for raw materials in Hebei Province declined to 23.3 percent, down 1.1 percentage points month on month. Chi Guiyou, executive president and secretary general of the MIA, stated that a situation of oversupply has developed at steel enterprises and so the steel industry will make adjustments in relation to supply and product variety structure.
### Response:
YES
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YES
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Steel sector PMI in Hebei increases to 39.7 percent in MayIn May this year, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province rose to 39.7 percent, up 2.9 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association (MIA). In the given month, the trend of the PMI for the steel sector in Hebei Province was different to that for the whole of China, which decreased by 9.8 percentage points month on month to 35.2 percent, as announced by the China Steel Logistics Committee (CSLC). In May, the overall new order index for Hebei Province’s steel sector stood at 29.8 percent, up 3.6 percentage points compared to the previous month. Decreasing raw material prices weakened the support for finished steel prices, while the low levels of steel prices stimulated transaction activities. In the given month, the new export order index for Hebei Province’s steel sector was at 36.5 percent, up 8.5 percentage points month on month, while the production index for Hebei Province’s steel sector was at 45.3 percent, up 6.9 percentage points month on month. At the same time, the inventory index for finished steel in Hebei Province decreased to 48.8 percent, down 3.7 percentage points month on month. Meanwhile, the inventory index for raw materials in Hebei Province declined to 23.3 percent, down 1.1 percentage points month on month. Chi Guiyou, executive president and secretary general of the MIA, stated that a situation of oversupply has developed at steel enterprises and so the steel industry will make adjustments in relation to supply and product variety structure.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper Rod Prices Show Bullish Trend in the US at the Commencement of June 2023At the start of June 2023, Copper Rod prices showed a bullish trend in the US market as the US debt crisis deal temporarily improved domestic and international trade. The downstream electric vehicles industry has increased the demand for Copper Rod. In addition, the limited supply of feedstock Copper from Chile has also impacted the spot Copper Rod market.
### Response:
NO
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NO
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Copper Rod Prices Show Bullish Trend in the US at the Commencement of June 2023At the start of June 2023, Copper Rod prices showed a bullish trend in the US market as the US debt crisis deal temporarily improved domestic and international trade. The downstream electric vehicles industry has increased the demand for Copper Rod. In addition, the limited supply of feedstock Copper from Chile has also impacted the spot Copper Rod market.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Threonine Prices Soar Across the Globe Amidst Increase Demand and Limited ImportsThe price of Threonine has been trending upward due to the high consumption in the downstream industry. The manufacturers were further encouraged to increase production momentum and maintain their profit margins by a rise in domestic demand from the terminal market. The current market trend for Threonine was supported in the middle of the second quarter of 2023 by several factors, including improved consumer interest and constrained stockpiles, and is predicted to continue in the forthcoming months.
### Response:
YES
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YES
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Threonine Prices Soar Across the Globe Amidst Increase Demand and Limited ImportsThe price of Threonine has been trending upward due to the high consumption in the downstream industry. The manufacturers were further encouraged to increase production momentum and maintain their profit margins by a rise in domestic demand from the terminal market. The current market trend for Threonine was supported in the middle of the second quarter of 2023 by several factors, including improved consumer interest and constrained stockpiles, and is predicted to continue in the forthcoming months.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Crude oil declines as output of some OPEC+ members remains steadyCrude oil traded lower on Tuesday morning as the production levels of some members of the OPEC (Organisation of Petroleum Exporting Countries) and its allies, known as OPEC+, remained high despite Saudi Arabia deciding to reduce its production output.At 9.52 am on Tuesday, August Brent oil futures were at $76.45, down by 0.34 per cent and July crude oil futures on WTI were at $71.82, down by 0.46 per cent.June crude oil futures were trading at ₹5,944 on Multi Commodity Exchange (MCX) during initial trading against the previous close of ₹6,004, down by 1 per cent, and July futures were trading at ₹5,976 as against the previous close of ₹6,036, down by 0.99 per cent.Saudi Arabia’s decision to reduce production output by 1 million barrels a day from July helped boost the price of crude oil in Monday’s session.Saudi Arabia output cut boosts crude oil futuresHowever, market analysts felt that this reduction may not impact the production of other members. Production outputs for some OPEC+ members such as Russia, Nigeria, and Angola remained high. In fact, OPEC+ allowed the United Arab Emirates to raise the production output for 2024.Meanwhile, the US service sector activity in May remained below that of April. The non-manufacturing purchasing managers’ index (PMI) in the US declined to 50.3 in May from 51.9 in April.June zinc futures were trading at ₹209.35 on MCX against the previous close of ₹208.10, up by 0.60 per cent.On the National Commodities and Derivatives Exchange (NCDEX), June guar gum contracts were trading at ₹10,702 in the initial trading hour of Tuesday morning against the previous close of ₹10,654, up by 0.45 per cent.June cottonseed oilcake futures were trading at ₹2559 on NCDEX against the previous close of ₹2575, down by 0.62 per cent. Comments
### Response:
YES
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YES
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Crude oil declines as output of some OPEC+ members remains steadyCrude oil traded lower on Tuesday morning as the production levels of some members of the OPEC (Organisation of Petroleum Exporting Countries) and its allies, known as OPEC+, remained high despite Saudi Arabia deciding to reduce its production output.At 9.52 am on Tuesday, August Brent oil futures were at $76.45, down by 0.34 per cent and July crude oil futures on WTI were at $71.82, down by 0.46 per cent.June crude oil futures were trading at ₹5,944 on Multi Commodity Exchange (MCX) during initial trading against the previous close of ₹6,004, down by 1 per cent, and July futures were trading at ₹5,976 as against the previous close of ₹6,036, down by 0.99 per cent.Saudi Arabia’s decision to reduce production output by 1 million barrels a day from July helped boost the price of crude oil in Monday’s session.Saudi Arabia output cut boosts crude oil futuresHowever, market analysts felt that this reduction may not impact the production of other members. Production outputs for some OPEC+ members such as Russia, Nigeria, and Angola remained high. In fact, OPEC+ allowed the United Arab Emirates to raise the production output for 2024.Meanwhile, the US service sector activity in May remained below that of April. The non-manufacturing purchasing managers’ index (PMI) in the US declined to 50.3 in May from 51.9 in April.June zinc futures were trading at ₹209.35 on MCX against the previous close of ₹208.10, up by 0.60 per cent.On the National Commodities and Derivatives Exchange (NCDEX), June guar gum contracts were trading at ₹10,702 in the initial trading hour of Tuesday morning against the previous close of ₹10,654, up by 0.45 per cent.June cottonseed oilcake futures were trading at ₹2559 on NCDEX against the previous close of ₹2575, down by 0.62 per cent. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Malaysia to remain net importer of HDPE, LDPE, synthetic rubber on strong local demand SINGAPORE (ICIS)–Malaysia is expected to remain a net importer of ethylene derivatives and synthetic rubber in the coming years on the back of strong growth in domestic demand, according to the country’s petrochemical association. The southeast Asian country has been a net importer of high density polyethylene (HDPE) and linear low density PE (LLDPE), with net combined imports reaching 530, 000 tonnes in 2022, primarily from Singapore, Saudi Arabia, Thailand, and Indonesia to meet domestic demand, the Malaysia Petrochemical Association (MPA) said in a report. While the start-up of Pengerang Refining and Petrochemical’s (PRefChem) PE units is expected to ease the trade deficit, the country will remain a net importer for HDPE and LLDPE in the coming years due to domestic demand for films and sheets. The start-up of PRefChem’s facilities adds 400, 000 tonnes/year of HDPE and 350, 000 tonnes/year of LLDPE, according to the ICIS Supply & Demand Database. Malaysia’s overall imports for LLDPE is expected to fall to 210, 000 tonnes/year in 2027 from 340, 000 tonnes/year last year. HDPE imports are expected to fall to 90, 000 tonnes in 2027 from 190, 000 tonnes in 2022. As for low density PE (LDPE), no new capacity additions are expected in the near term and Malaysia is expected to maintain its net export position. Malaysia’s imports of LDPE are expected to fall to 120, 000 tonnes in 2027 from 190, 000 tonnes in 2022. SYNTHETIC RUBBERS IMPORTS TO GROW Malaysia is also a net importer of synthetic rubber, similar with most other southeast Asian countries. The country relies heavily on imports of synthetic rubber across all key types, with a significant dependence on imports of nitrile elastomers, which totaled 430, 000 tonnes in 2022. Majority of these imports were sourced from Asia-Pacific countries such as South Korea and Japan. “However, there are ongoing efforts to expand domestic production capacity to meet the growing demand,” the MPA said. Malaysia’s PETRONAS and South Korea’s LG Chemical have started construction of a new joint venture nitrile butadiene (NBR) latex plant in Johor, Malaysia which is expected to start operation in 2023, the industry association said. The new plant will have a capacity of 200, 000 tonnes/year and aims to meet domestic demand for glove manufacturing. Despite the capacity addition, domestic demand for NBR latexes in Malaysia is growing at an average annual rate of around 5%, indicating that a significant portion would still need to be met through imports. “The demand for synthetic rubber has structurally increased post-pandemic, with major shifts in consumer attitudes towards health driving increased demand for synthetic rubber for glove production beyond healthcare settings,” the MPA added. The report by the MPA was released on 5 June following the Asia Petrochemical Industry Conference (APIC) which was held in New Delhi, India, on 18-19 May. Focus article by Nurluqman Suratman Thumbnail image: Malaysia Petrochemical Association (MPA) president Akbar Thayoob in his keynote speech at the Asia Petrochemical Industry Conference (APIC) 2023 in New Delhi on 19 May 2023. (By Pearl Bantillo) undefined
### Response:
YES
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YES
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Malaysia to remain net importer of HDPE, LDPE, synthetic rubber on strong local demand SINGAPORE (ICIS)–Malaysia is expected to remain a net importer of ethylene derivatives and synthetic rubber in the coming years on the back of strong growth in domestic demand, according to the country’s petrochemical association. The southeast Asian country has been a net importer of high density polyethylene (HDPE) and linear low density PE (LLDPE), with net combined imports reaching 530, 000 tonnes in 2022, primarily from Singapore, Saudi Arabia, Thailand, and Indonesia to meet domestic demand, the Malaysia Petrochemical Association (MPA) said in a report. While the start-up of Pengerang Refining and Petrochemical’s (PRefChem) PE units is expected to ease the trade deficit, the country will remain a net importer for HDPE and LLDPE in the coming years due to domestic demand for films and sheets. The start-up of PRefChem’s facilities adds 400, 000 tonnes/year of HDPE and 350, 000 tonnes/year of LLDPE, according to the ICIS Supply & Demand Database. Malaysia’s overall imports for LLDPE is expected to fall to 210, 000 tonnes/year in 2027 from 340, 000 tonnes/year last year. HDPE imports are expected to fall to 90, 000 tonnes in 2027 from 190, 000 tonnes in 2022. As for low density PE (LDPE), no new capacity additions are expected in the near term and Malaysia is expected to maintain its net export position. Malaysia’s imports of LDPE are expected to fall to 120, 000 tonnes in 2027 from 190, 000 tonnes in 2022. SYNTHETIC RUBBERS IMPORTS TO GROW Malaysia is also a net importer of synthetic rubber, similar with most other southeast Asian countries. The country relies heavily on imports of synthetic rubber across all key types, with a significant dependence on imports of nitrile elastomers, which totaled 430, 000 tonnes in 2022. Majority of these imports were sourced from Asia-Pacific countries such as South Korea and Japan. “However, there are ongoing efforts to expand domestic production capacity to meet the growing demand,” the MPA said. Malaysia’s PETRONAS and South Korea’s LG Chemical have started construction of a new joint venture nitrile butadiene (NBR) latex plant in Johor, Malaysia which is expected to start operation in 2023, the industry association said. The new plant will have a capacity of 200, 000 tonnes/year and aims to meet domestic demand for glove manufacturing. Despite the capacity addition, domestic demand for NBR latexes in Malaysia is growing at an average annual rate of around 5%, indicating that a significant portion would still need to be met through imports. “The demand for synthetic rubber has structurally increased post-pandemic, with major shifts in consumer attitudes towards health driving increased demand for synthetic rubber for glove production beyond healthcare settings,” the MPA added. The report by the MPA was released on 5 June following the Asia Petrochemical Industry Conference (APIC) which was held in New Delhi, India, on 18-19 May. Focus article by Nurluqman Suratman Thumbnail image: Malaysia Petrochemical Association (MPA) president Akbar Thayoob in his keynote speech at the Asia Petrochemical Industry Conference (APIC) 2023 in New Delhi on 19 May 2023. (By Pearl Bantillo) undefined
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Edible Oils: वैश्विक बाजार में दबाव के चलते खाद्य तेलों के दाम में आई 50 फीसदी से ज्यादा की गिरावटनई दिल्ली : खाद्य तेलों के वैश्विक बाजार मूल्य में दबाव बरकरार रहने के आसार अंतरराष्ट्रीय बाजार (International market) में विभिन्न खाद्य तेलों एवं तिलहनों (Edible Oils & Oilseeds) का भाव अपने शीर्ष स्तर की तुलना में अब 50 प्रतिशत से अधिक घट चुका है। निकट भविष्य में इसकी कीमतों पर दबाव बरकरार रहने की संभावना है। रूस-यूक्रेन में सूरजमुखी तेल, ब्राजील में सोयाबीन तेल, मलेशिया-इंडोनेशिया में पाम तेल तथा कनाडा में कैनोला तेल का दाम घटकर काफी नीचे आ गया है। इसी तरह यूरोपीय संघ में रेपसीड तेल (Rapeseed Oil) एवं भारत में सरसों तेल (Mustard Oil) के मूल्य में भारी गिरावट आ चुकी है। उधर चीन में सोयाबीन के आयात की गति धीमी पड़ने लगी है। क्योंकि वहां कस्टम विभाग द्वारा आयातित माल की जांच-पड़ताल अत्यन्त सख्ती से की जा रही है। जिसके चलते ब्राजील में सोयाबीन एवं सोया तेल की कीमत नरम पड़ गई है। यूक्रेन से सूरजमुखी तेल का निर्बाध निर्यात शिपमेंट नहीं हो रहा है। और घरेलू स्टॉक बढ़ता जा रहा है। रूस आक्रामक ढंग से अपने सूरजमुखी तेल का निर्यात बढ़ाने की प्रयास कर रहा है, जिससे यूक्रेन की चुनौतियां और बढ़ गई हैं। अमरीका में सोयाबीन की अच्छी बिजाई हो रही है और मौसम अनुकूल रहने पर इसके उत्पादन में बढ़ोतरी हो सकती है।कुआलालम्पुर स्थित बुर्सा मलेशिया डेरीवेटिव्स (बीएमडी) एक्सचेंज में मई के अंतिम दिन क्रूड पाम तेल (CPO) का वायदा भाव अगस्त अनुबंध के लिए घटकर 3281 रिंगिट या 712.31 डॉलर प्रति टन पर आ गया जिससे स्पष्ट संकेत मिलता है कि आगामी महीनों में भी खाद्य तेल बाजार पर दबाव कायम रह सकता है। यूक्रेन में तो सूरजमुखी तेल का दाम घटकर 700 डॉलर प्रति टन से भी नीचे आ गया। इससे अन्य निर्यातक देशों को अपने खाद्य तेलों के निर्यात ऑफर मूल्य कटौती करने के लिए बाध्य होना पड़ सकता है। पिछले साल इसके दाम में जिस तीव्र गति से तेजी आई थी उसी तेज रफ्तार से इस बार दाम घटता जा रहा है।
### Response:
YES
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YES
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Edible Oils: वैश्विक बाजार में दबाव के चलते खाद्य तेलों के दाम में आई 50 फीसदी से ज्यादा की गिरावटनई दिल्ली : खाद्य तेलों के वैश्विक बाजार मूल्य में दबाव बरकरार रहने के आसार अंतरराष्ट्रीय बाजार (International market) में विभिन्न खाद्य तेलों एवं तिलहनों (Edible Oils & Oilseeds) का भाव अपने शीर्ष स्तर की तुलना में अब 50 प्रतिशत से अधिक घट चुका है। निकट भविष्य में इसकी कीमतों पर दबाव बरकरार रहने की संभावना है। रूस-यूक्रेन में सूरजमुखी तेल, ब्राजील में सोयाबीन तेल, मलेशिया-इंडोनेशिया में पाम तेल तथा कनाडा में कैनोला तेल का दाम घटकर काफी नीचे आ गया है। इसी तरह यूरोपीय संघ में रेपसीड तेल (Rapeseed Oil) एवं भारत में सरसों तेल (Mustard Oil) के मूल्य में भारी गिरावट आ चुकी है। उधर चीन में सोयाबीन के आयात की गति धीमी पड़ने लगी है। क्योंकि वहां कस्टम विभाग द्वारा आयातित माल की जांच-पड़ताल अत्यन्त सख्ती से की जा रही है। जिसके चलते ब्राजील में सोयाबीन एवं सोया तेल की कीमत नरम पड़ गई है। यूक्रेन से सूरजमुखी तेल का निर्बाध निर्यात शिपमेंट नहीं हो रहा है। और घरेलू स्टॉक बढ़ता जा रहा है। रूस आक्रामक ढंग से अपने सूरजमुखी तेल का निर्यात बढ़ाने की प्रयास कर रहा है, जिससे यूक्रेन की चुनौतियां और बढ़ गई हैं। अमरीका में सोयाबीन की अच्छी बिजाई हो रही है और मौसम अनुकूल रहने पर इसके उत्पादन में बढ़ोतरी हो सकती है।कुआलालम्पुर स्थित बुर्सा मलेशिया डेरीवेटिव्स (बीएमडी) एक्सचेंज में मई के अंतिम दिन क्रूड पाम तेल (CPO) का वायदा भाव अगस्त अनुबंध के लिए घटकर 3281 रिंगिट या 712.31 डॉलर प्रति टन पर आ गया जिससे स्पष्ट संकेत मिलता है कि आगामी महीनों में भी खाद्य तेल बाजार पर दबाव कायम रह सकता है। यूक्रेन में तो सूरजमुखी तेल का दाम घटकर 700 डॉलर प्रति टन से भी नीचे आ गया। इससे अन्य निर्यातक देशों को अपने खाद्य तेलों के निर्यात ऑफर मूल्य कटौती करने के लिए बाध्य होना पड़ सकता है। पिछले साल इसके दाम में जिस तीव्र गति से तेजी आई थी उसी तेज रफ्तार से इस बार दाम घटता जा रहा है।
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Sowing of early varieties of cotton beginsIndore: As farmers in some pockets of Indore division have started sowing early varieties of cotton, the agriculture department expects cotton to cover around 5.46 lakh hectare in Indore division. Indore agriculture department joint director Alok Meena said, “Sowing of cotton has progressed in the division. The climate looks conducive for cotton. Looking at the initial trend, around 5.46 lakh hectare is likely to be covered by cotton this kharif season.” Farmers in parts of Khandwa, Khargone and nearby areas have started sowing early varieties of cotton. Last year in the 2022 kharif season, farmers had sown cotton on 5.40 lakh hectare, according to the farm department. The per hectare productivity in cotton is also expected to jump in the kharif season, said the official data. Meena said, “The anticipated yield in cotton is seen at 1,803 kg per hectare as against 1,480 kg per hectare in the last year.” Soyabean, cotton, maize and pulses are the main kharif crops sown in Indore division. Acotton farmer and owner of ginning units in Khargon, Kailash Agrawal said, “Cotton sowing has started especially in Khargone, Barwani and Khandwa pockets. This kharif season, area under cotton cultivation is seen going up as farmers received good prices of their produce last year.” The average prices of cotton seed in this season are round Rs 8000 per quintal as against Rs 6000 –Rs 6200 per quintal in the last season. tnn
### Response:
YES
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YES
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Sowing of early varieties of cotton beginsIndore: As farmers in some pockets of Indore division have started sowing early varieties of cotton, the agriculture department expects cotton to cover around 5.46 lakh hectare in Indore division. Indore agriculture department joint director Alok Meena said, “Sowing of cotton has progressed in the division. The climate looks conducive for cotton. Looking at the initial trend, around 5.46 lakh hectare is likely to be covered by cotton this kharif season.” Farmers in parts of Khandwa, Khargone and nearby areas have started sowing early varieties of cotton. Last year in the 2022 kharif season, farmers had sown cotton on 5.40 lakh hectare, according to the farm department. The per hectare productivity in cotton is also expected to jump in the kharif season, said the official data. Meena said, “The anticipated yield in cotton is seen at 1,803 kg per hectare as against 1,480 kg per hectare in the last year.” Soyabean, cotton, maize and pulses are the main kharif crops sown in Indore division. Acotton farmer and owner of ginning units in Khargon, Kailash Agrawal said, “Cotton sowing has started especially in Khargone, Barwani and Khandwa pockets. This kharif season, area under cotton cultivation is seen going up as farmers received good prices of their produce last year.” The average prices of cotton seed in this season are round Rs 8000 per quintal as against Rs 6000 –Rs 6200 per quintal in the last season. tnn
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Both Supply And Demand Were Weak In Copper Scrap Rod MarketThe operating rates of copper rod plants using copper scrap were 43.21% between May 27 and June 2, a surge of 4.17 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). The main reason for the recovery of the operating rate last week is that some copper scrap rod factories in the sample restarted production after shutdown. Both supply and demand were weak last week.On the supply side, although most suppliers of copper scrap were still not enthusiastic about selling, some traders needed to release some copper scrap in order to withdraw funds. Therefore, copper scrap supply increased from the previous week. However, due to the excessive total production capacity of copper scrap rods, the increase in marginal supply was not enough to meet production. Therefore, the overall supply of copper scrap continued to be tight. On the consumption side, although the price difference between copper cathode rod and copper scrap rod expanded after the copper price rebounded and the economic benefits of the latter emerged, new orders were limited after the copper price rebounded due to the weak terminal consumption. As of last Friday, copper rod produced with copper scrap in Jiangxi was quoted with a discount of 230 yuan/mt against SHFE front-month copper contract prices. Electric copper rod in east China was quoted with premiums of 870 yuan/mt over the contract, with a price spread of 1,100 yuan/mt between copper cathode rod and copper rod produced with copper scrap. It is understood that during the week, some copper scrap rod factories encountered difficulties in capital turnover, mainly because downstream cable factories did not take deliveries.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Both Supply And Demand Were Weak In Copper Scrap Rod MarketThe operating rates of copper rod plants using copper scrap were 43.21% between May 27 and June 2, a surge of 4.17 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). The main reason for the recovery of the operating rate last week is that some copper scrap rod factories in the sample restarted production after shutdown. Both supply and demand were weak last week.On the supply side, although most suppliers of copper scrap were still not enthusiastic about selling, some traders needed to release some copper scrap in order to withdraw funds. Therefore, copper scrap supply increased from the previous week. However, due to the excessive total production capacity of copper scrap rods, the increase in marginal supply was not enough to meet production. Therefore, the overall supply of copper scrap continued to be tight. On the consumption side, although the price difference between copper cathode rod and copper scrap rod expanded after the copper price rebounded and the economic benefits of the latter emerged, new orders were limited after the copper price rebounded due to the weak terminal consumption. As of last Friday, copper rod produced with copper scrap in Jiangxi was quoted with a discount of 230 yuan/mt against SHFE front-month copper contract prices. Electric copper rod in east China was quoted with premiums of 870 yuan/mt over the contract, with a price spread of 1,100 yuan/mt between copper cathode rod and copper rod produced with copper scrap. It is understood that during the week, some copper scrap rod factories encountered difficulties in capital turnover, mainly because downstream cable factories did not take deliveries.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Operating Rates Of Copper Rod Plants Using Copper Scrap Surged Last WeekThe operating rates of copper rod plants using copper scrap were 43.21% between May 27 and June 2, a surge of 4.17 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year).The main reason for the recovery of the operating rate last week is that some copper scrap rod factories in the sample restarted production after shutdown.Both supply and demand were weak last week.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Operating Rates Of Copper Rod Plants Using Copper Scrap Surged Last WeekThe operating rates of copper rod plants using copper scrap were 43.21% between May 27 and June 2, a surge of 4.17 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year).The main reason for the recovery of the operating rate last week is that some copper scrap rod factories in the sample restarted production after shutdown.Both supply and demand were weak last week.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper Scrap Prices Rose Last WeekPrices of #1 bare bright copper without invoices averaged 60,820 yuan/mt as of last Friday, up 880 yuan/mt from a week earlier. The average price spread between copper cathode and copper scrap expanded 300 yuan/mt to 1,224 yuan/mt.For copper scrap, cif quotes for #1 copper scrap were Comex September copper contract prices less $0.05-0.06/lb, and offers for birch/cliff were Comex September copper prices less $0.19-0.2/lb. The coefficient for US brass against LME copper was 68-69%, with the fixed prices of $5,580-5,680/mt.The coefficient for copper granules (Cu 98.5%) against LME copper was 96.5-96.75% on a cif basis, and the coefficient for bare bright copper against LME copper at 99-99.25%, on a cif basis.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Copper Scrap Prices Rose Last WeekPrices of #1 bare bright copper without invoices averaged 60,820 yuan/mt as of last Friday, up 880 yuan/mt from a week earlier. The average price spread between copper cathode and copper scrap expanded 300 yuan/mt to 1,224 yuan/mt.For copper scrap, cif quotes for #1 copper scrap were Comex September copper contract prices less $0.05-0.06/lb, and offers for birch/cliff were Comex September copper prices less $0.19-0.2/lb. The coefficient for US brass against LME copper was 68-69%, with the fixed prices of $5,580-5,680/mt.The coefficient for copper granules (Cu 98.5%) against LME copper was 96.5-96.75% on a cif basis, and the coefficient for bare bright copper against LME copper at 99-99.25%, on a cif basis.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Transactions In Lithium Hydroxide Market Are Dominated By Long-Term ContractsSHANGHAI, Jun 6 (SMM) – The prices of lithium hydroxide followed lithium carbonate prices up last week. Transactions were still dominated by long-term contracts, with thin trades in the spot market. Supply was normal. Wait-and-see sentiment remained strong.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Transactions In Lithium Hydroxide Market Are Dominated By Long-Term ContractsSHANGHAI, Jun 6 (SMM) – The prices of lithium hydroxide followed lithium carbonate prices up last week. Transactions were still dominated by long-term contracts, with thin trades in the spot market. Supply was normal. Wait-and-see sentiment remained strong.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the USFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chilean Tax Hike Will Deter Copper and Lithium Mine Investment, Push Japanese Mining Companies to Other 24 CountriesJapanese mining companies say high taxes in Chile may deter them from investing in new mines in the world's largest copper producing country even as this won't prompt them to abandon existing projects, an industry association executive said on June 5.Rising nationalism in the resource-rich country is creating challenges for miners seeking the minerals needed for the energy transition even as they face rising costs, tougher environmental regulations and pressure from investors to decarbonise.Chilean lawmakers finally approved a long-awaited mining tax overhaul in May, raising taxes and royalties that big copper and lithium producers must pay the government.'The tax increase will not lead to the exit of existing mines, but it may have an impact on new development projects,' Akira Nozaki, president of the Japan Mining Industry Association, said in an interview.“Obviously, profitability is going to fall because of higher taxes, making it increasingly difficult to develop new mines,” he said.In recent years, two major Japanese mining companies have decided to reduce their exposure to key copper projects in Chile, with JX Nippon Mining & Metals planning to sell a majority stake in the Caserones project. Sumitomo Metal Mining Co. sold its stake in the Sierra Gorda mine last year.Nozaki, president of Sumitomo Metal Mining, said Japanese miners could use experience from previous projects to make major new investments in copper projects.In April, the G7 pledged $13 billion in financial support to strengthen supply chains for critical minerals. Japan has secured a supplementary budget of more than 200 billion yen ($1.4 billion) for critical minerals.Japan Organization for Metals and Energy Security (JOGMEC) said last month that it had selected 24 countries based on their potential to provide resources and fuel to Japan, and would analyse the characteristics and conditions of each resource-rich country and study diplomatic approaches.For minerals, the analysis will focus on copper, lithium, nickel, cobalt and rare earths that are critical to decarbonization, the agency added.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
YES
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YES
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Chilean Tax Hike Will Deter Copper and Lithium Mine Investment, Push Japanese Mining Companies to Other 24 CountriesJapanese mining companies say high taxes in Chile may deter them from investing in new mines in the world's largest copper producing country even as this won't prompt them to abandon existing projects, an industry association executive said on June 5.Rising nationalism in the resource-rich country is creating challenges for miners seeking the minerals needed for the energy transition even as they face rising costs, tougher environmental regulations and pressure from investors to decarbonise.Chilean lawmakers finally approved a long-awaited mining tax overhaul in May, raising taxes and royalties that big copper and lithium producers must pay the government.'The tax increase will not lead to the exit of existing mines, but it may have an impact on new development projects,' Akira Nozaki, president of the Japan Mining Industry Association, said in an interview.“Obviously, profitability is going to fall because of higher taxes, making it increasingly difficult to develop new mines,” he said.In recent years, two major Japanese mining companies have decided to reduce their exposure to key copper projects in Chile, with JX Nippon Mining & Metals planning to sell a majority stake in the Caserones project. Sumitomo Metal Mining Co. sold its stake in the Sierra Gorda mine last year.Nozaki, president of Sumitomo Metal Mining, said Japanese miners could use experience from previous projects to make major new investments in copper projects.In April, the G7 pledged $13 billion in financial support to strengthen supply chains for critical minerals. Japan has secured a supplementary budget of more than 200 billion yen ($1.4 billion) for critical minerals.Japan Organization for Metals and Energy Security (JOGMEC) said last month that it had selected 24 countries based on their potential to provide resources and fuel to Japan, and would analyse the characteristics and conditions of each resource-rich country and study diplomatic approaches.For minerals, the analysis will focus on copper, lithium, nickel, cobalt and rare earths that are critical to decarbonization, the agency added.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Russia Says OPEC+ Remains Important Force To Maintain Energy Market Stability After the end of the OPEC+ Vienna summit over the weekend, market rumors that 'Saudi Arabia is dissatisfied with Russia's failure to comply with the production reduction agreement' have gradually died down. Kremlin spokesman Dmitry Peskov said on Monday: 'Russia is part of the OPEC+ consensus, and the model of cooperation among major crude oil producers remains valid. Countries have reached an agreement, of course, everyone will abide by it. The OPEC+ cooperation model is still important, and it is also an important force to maintain the stability of the international energy market. ' According to analysts in the market, although the cost of Saudi oil production is very low, it is very important to maintain the oil price above $80/barrel in order to maintain huge government investment and import trade. Russian Deputy Prime Minister Novak, who also participated in the Vienna meeting, also emphasized after the meeting that Russia is actually fulfilling its obligations in the production reduction agreement. Novak also said that although the OPEC+ organization will continue to observe factors that affect fuel demand such as the Fed's interest rate hike and the economic situation, the current market is in a more or less balanced state, and demand is also rising.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the US For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Russia Says OPEC+ Remains Important Force To Maintain Energy Market Stability After the end of the OPEC+ Vienna summit over the weekend, market rumors that 'Saudi Arabia is dissatisfied with Russia's failure to comply with the production reduction agreement' have gradually died down. Kremlin spokesman Dmitry Peskov said on Monday: 'Russia is part of the OPEC+ consensus, and the model of cooperation among major crude oil producers remains valid. Countries have reached an agreement, of course, everyone will abide by it. The OPEC+ cooperation model is still important, and it is also an important force to maintain the stability of the international energy market. ' According to analysts in the market, although the cost of Saudi oil production is very low, it is very important to maintain the oil price above $80/barrel in order to maintain huge government investment and import trade. Russian Deputy Prime Minister Novak, who also participated in the Vienna meeting, also emphasized after the meeting that Russia is actually fulfilling its obligations in the production reduction agreement. Novak also said that although the OPEC+ organization will continue to observe factors that affect fuel demand such as the Fed's interest rate hike and the economic situation, the current market is in a more or less balanced state, and demand is also rising.More popular newsFitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic SlowdownKey Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In ChinaFitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This YearOne Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate PricesBHP Plans To Expand Iron Ore Production AggressivelySouth China Battles Power Crisis, The Worst This YearTesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the US For queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Peanuts: crop damages in TanzaniaTraders in troubleGrowers have completed harvesting Java peanuts, which are mainly grown in Gujarat. Wide price gaps persist depending on supplier and expectation is that they will decline. Issue is that the government has decided to suspend the import duties for soy and sunflower seed oil, which will ultimately put the peanut industry at a disadvantage. As sesame seed supplies are more limited this season the oil mills have turned out more peanut oil, for which demand and prices are high.Tide to turn for exportersJava peanut prices
### Response:
YES
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YES
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Peanuts: crop damages in TanzaniaTraders in troubleGrowers have completed harvesting Java peanuts, which are mainly grown in Gujarat. Wide price gaps persist depending on supplier and expectation is that they will decline. Issue is that the government has decided to suspend the import duties for soy and sunflower seed oil, which will ultimately put the peanut industry at a disadvantage. As sesame seed supplies are more limited this season the oil mills have turned out more peanut oil, for which demand and prices are high.Tide to turn for exportersJava peanut prices
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
CEF Group to help turn Dal Lake waste into organic manure for Kashmiri farmersCEF Group, an energy solutions company, will start processing 70,000 tonnes of lake waste such as weeds and lilies from Dal Lake in Srinagar from August. A media statement said the waste will be treated and processed at the upcoming CEF plant in Srinagar to produce around 24,000 tonnes of organic manure annually. Quoting Maninder Singh Nayyar, Founder and Chief Executive Officer of CEF Group, it said the thousands of tonnes of waste generated every year from Dal Lake is a source of pollution and poses a problem for locals. “We are aiming to resolve this problem at the root. We have the technology, expertise and experience of converting this extracted waste into 24,000 tonnes of organic manure annually,” he said. Why cricketer Sehwag and Bollywood star Akshay Kumar invested in this organic farming firmOrchid Pharma to invest about ₹600 crore in Jammu plantCrop diversity makes ecological and economic senseThe manure produced from Dal Lake waste will be made available to local farmers’ , which will serve to boost their yield and promote organic farming in the region. The media statement said farmers of Kashmir currently pay huge sums for organic manure supplied from states such as Uttar Pradesh and Haryana, owing to high transportation costs. The CEF project will help supply organic manure at reasonable prices. In addition, the waste processing plant will generate employment for local people. This project will elevate organic farming in the region and help replace chemical fertilisers, Nayyar said in the statement. Bashir Ahmad Bhat, Vice-Chairman of Dal Lake Authority, said: “Lake waste has been a long-time problem, and we are glad that CEF Group and NAFED in collaboration are providing sustainable solutions. In addition to waste processing, organic manure will be produced in the state itself, which will benefit local farmers and communities financially. Local employment by the company will aid the earnings of the area’s local people. We hope to take this collaboration to a greater height so that rising climate change concerns are addressed.”Kamlendra Srivastava, Executive Director of NAFED, said: “We need to increase such collaborations and innovative solutions to achieve our climate change goals and promote green growth in the country. We believe that the Dal Lake waste processing plant will inspire other states to incorporate such partnerships and promote environmentally sustainable solutions for waste management.” Comments
### Response:
NO
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NO
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CEF Group to help turn Dal Lake waste into organic manure for Kashmiri farmersCEF Group, an energy solutions company, will start processing 70,000 tonnes of lake waste such as weeds and lilies from Dal Lake in Srinagar from August. A media statement said the waste will be treated and processed at the upcoming CEF plant in Srinagar to produce around 24,000 tonnes of organic manure annually. Quoting Maninder Singh Nayyar, Founder and Chief Executive Officer of CEF Group, it said the thousands of tonnes of waste generated every year from Dal Lake is a source of pollution and poses a problem for locals. “We are aiming to resolve this problem at the root. We have the technology, expertise and experience of converting this extracted waste into 24,000 tonnes of organic manure annually,” he said. Why cricketer Sehwag and Bollywood star Akshay Kumar invested in this organic farming firmOrchid Pharma to invest about ₹600 crore in Jammu plantCrop diversity makes ecological and economic senseThe manure produced from Dal Lake waste will be made available to local farmers’ , which will serve to boost their yield and promote organic farming in the region. The media statement said farmers of Kashmir currently pay huge sums for organic manure supplied from states such as Uttar Pradesh and Haryana, owing to high transportation costs. The CEF project will help supply organic manure at reasonable prices. In addition, the waste processing plant will generate employment for local people. This project will elevate organic farming in the region and help replace chemical fertilisers, Nayyar said in the statement. Bashir Ahmad Bhat, Vice-Chairman of Dal Lake Authority, said: “Lake waste has been a long-time problem, and we are glad that CEF Group and NAFED in collaboration are providing sustainable solutions. In addition to waste processing, organic manure will be produced in the state itself, which will benefit local farmers and communities financially. Local employment by the company will aid the earnings of the area’s local people. We hope to take this collaboration to a greater height so that rising climate change concerns are addressed.”Kamlendra Srivastava, Executive Director of NAFED, said: “We need to increase such collaborations and innovative solutions to achieve our climate change goals and promote green growth in the country. We believe that the Dal Lake waste processing plant will inspire other states to incorporate such partnerships and promote environmentally sustainable solutions for waste management.” Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India's palm oil imports hit 27-month low, buyers pick cheaper soft oilsIndia's palm oil imports hit 27-month low, buyers pick cheaper soft oils India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday. Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added. The drop in purchases by the world's biggest importer of vegetable oils could weigh on palm oil prices, which are already trading near their lowest level in 30 months. India buys palm oil mainly from Indonesia, Malaysia - the top two producers - and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times. Related stories RBI likely to set cutoff yield on 10-year state bonds in 7.32%-7.35% band: Poll Morgan Stanley sees Sensex at 68,500 by Dec on cool-off in commodities, rate hike pause Bankers await signs on RBI's liquidity approach amid persisting disconnect But the edible oil started trading at a premium to soyoil and sunflower oil over the past few months, prompting buyers to shift to the cheaper soft oils, said Sandeep Bajoria, CEO Sunvin Group, a vegetable oil brokerage and consultancy firm. In April, buyers opted to cancel large amounts of palm oil purchases for May shipments for the first time in many years. India's average monthly palm oil imports in the first six months of the 2022/23 marketing year that started on Nov. 1 were 818,203 tonnes, according to the Solvent Extractors' Association of India, up 52% from a year earlier. The trade body is likely to publish its May import data by mid-June. India's sunflower oil imports in May jumped 28% from a month ago to 319,00 tonnes, while soyoil imports rose 10% to 290,000 tonnes, according to an average estimate from the dealers. 'Palm oil has been losing market share for the past few months and is unlikely to regain it unless it becomes competitive, said Rajesh Patel,' managing partner at GGN Research, an edible oil trader and broker. Read More
### Response:
YES
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YES
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India's palm oil imports hit 27-month low, buyers pick cheaper soft oilsIndia's palm oil imports hit 27-month low, buyers pick cheaper soft oils India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday. Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added. The drop in purchases by the world's biggest importer of vegetable oils could weigh on palm oil prices, which are already trading near their lowest level in 30 months. India buys palm oil mainly from Indonesia, Malaysia - the top two producers - and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times. Related stories RBI likely to set cutoff yield on 10-year state bonds in 7.32%-7.35% band: Poll Morgan Stanley sees Sensex at 68,500 by Dec on cool-off in commodities, rate hike pause Bankers await signs on RBI's liquidity approach amid persisting disconnect But the edible oil started trading at a premium to soyoil and sunflower oil over the past few months, prompting buyers to shift to the cheaper soft oils, said Sandeep Bajoria, CEO Sunvin Group, a vegetable oil brokerage and consultancy firm. In April, buyers opted to cancel large amounts of palm oil purchases for May shipments for the first time in many years. India's average monthly palm oil imports in the first six months of the 2022/23 marketing year that started on Nov. 1 were 818,203 tonnes, according to the Solvent Extractors' Association of India, up 52% from a year earlier. The trade body is likely to publish its May import data by mid-June. India's sunflower oil imports in May jumped 28% from a month ago to 319,00 tonnes, while soyoil imports rose 10% to 290,000 tonnes, according to an average estimate from the dealers. 'Palm oil has been losing market share for the past few months and is unlikely to regain it unless it becomes competitive, said Rajesh Patel,' managing partner at GGN Research, an edible oil trader and broker. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Pembina and Marubeni to develop low-carbon ammonia project in AlbertaPembina Pipeline Corporation announced today the signing of a Memorandum of Agreement (MOA) with Marubeni Corporation, to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets (the 'Project'). The Project includes the joint development of a world-scale, low-carbon hydrogen and ammonia production facility (the 'Facility') to be sited on Pembina-owned lands adjacent to its Redwater Complex in the Alberta Industrial Heartland near Fort Saskatchewan, Alberta. 'This project represents a transformative opportunity that is highly aligned with Pembina's strategic priorities, including supporting global decarbonization efforts by exporting low-carbon energy derived from natural gas responsibly produced in Western Canada,' said Stu Taylor, Pembina's Senior Vice President & Corporate Development Officer. 'The Project is an example of Pembina's ability to leverage its existing asset base and core competencies to develop new integrated value chains, including carbon capture, utilization and storage ('CCUS') and low-carbon energy such as hydrogen, and ammonia as a hydrogen carrier and fuel source. Marubeni has deep expertise in areas critical to the success of the Project and we are delighted to be working with them to facilitate the global movement towards greater use of low-carbon ammonia and to support Japan's decarbonization strategy.' Demand for low-carbon ammonia in Japan and other Asian markets is expected to grow substantially given its efficiency as a carrier of hydrogen and use as a low-carbon fuel source. Ammonia is one of the most widely produced synthetical chemicals in the world today and the production technology and handling are well understood and established. Alberta is the leading region in Canada for existing ammonia production and the Project is another opportunity to support development of a hydrogen and low-carbon economy. 'The Project will leverage access to existing infrastructure and benefit from Canada's abundant natural gas supply, advantaged West Coast shipping access to Asia, and growing carbon capture and sequestration industry. Pembina has a long history and strong reputation as a leading Canadian energy infrastructure provider and we are honoured to be working together as partners in the establishment of a low-carbon fuel supply chain from Canada to Japan,' said Yoshiaki Yokota, Marubeni's Chief Executive Officer, Energy & Infrastructure Solution Group. Initial feasibility studies have been completed and the Facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia. The Facility is contemplated to utilize innovative technology to capture a significant amount of the CO2 emissions with the potential for integrated transportation and sequestration on the proposed Alberta Carbon Grid being developed by Pembina and TC Energy. The low-carbon ammonia would be transported via rail to Canada's West Coast and shipped to Japan and other Asian markets. Pembina and Marubeni will utilize their complementary strengths to develop and execute the Project. Pembina brings its expertise in Western Canadian energy infrastructure development, construction and operations, rail logistics and export. Marubeni, a globally leading independent power producer and integrated trading conglomerate, will leverage its marketing and marine logistics capabilities, and is expected to contract for offtake from the Facility, which will be used to supply Marubeni-owned and other Japanese utility power plants. Under the MOA, Pembina and Marubeni will focus on completing work critical to the development of the Project, including preliminary Front End Engineering Design ('pre-FEED'), engagement with various stakeholders, including governments in Canada and Japan, and commercial activities. The Project is expected to be structured as an infrastructure-style, fee-based business with investment grade counterparties. Pre-FEED work is currently expected to be completed by early 2024.
### Response:
YES
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YES
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Pembina and Marubeni to develop low-carbon ammonia project in AlbertaPembina Pipeline Corporation announced today the signing of a Memorandum of Agreement (MOA) with Marubeni Corporation, to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets (the 'Project'). The Project includes the joint development of a world-scale, low-carbon hydrogen and ammonia production facility (the 'Facility') to be sited on Pembina-owned lands adjacent to its Redwater Complex in the Alberta Industrial Heartland near Fort Saskatchewan, Alberta. 'This project represents a transformative opportunity that is highly aligned with Pembina's strategic priorities, including supporting global decarbonization efforts by exporting low-carbon energy derived from natural gas responsibly produced in Western Canada,' said Stu Taylor, Pembina's Senior Vice President & Corporate Development Officer. 'The Project is an example of Pembina's ability to leverage its existing asset base and core competencies to develop new integrated value chains, including carbon capture, utilization and storage ('CCUS') and low-carbon energy such as hydrogen, and ammonia as a hydrogen carrier and fuel source. Marubeni has deep expertise in areas critical to the success of the Project and we are delighted to be working with them to facilitate the global movement towards greater use of low-carbon ammonia and to support Japan's decarbonization strategy.' Demand for low-carbon ammonia in Japan and other Asian markets is expected to grow substantially given its efficiency as a carrier of hydrogen and use as a low-carbon fuel source. Ammonia is one of the most widely produced synthetical chemicals in the world today and the production technology and handling are well understood and established. Alberta is the leading region in Canada for existing ammonia production and the Project is another opportunity to support development of a hydrogen and low-carbon economy. 'The Project will leverage access to existing infrastructure and benefit from Canada's abundant natural gas supply, advantaged West Coast shipping access to Asia, and growing carbon capture and sequestration industry. Pembina has a long history and strong reputation as a leading Canadian energy infrastructure provider and we are honoured to be working together as partners in the establishment of a low-carbon fuel supply chain from Canada to Japan,' said Yoshiaki Yokota, Marubeni's Chief Executive Officer, Energy & Infrastructure Solution Group. Initial feasibility studies have been completed and the Facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia. The Facility is contemplated to utilize innovative technology to capture a significant amount of the CO2 emissions with the potential for integrated transportation and sequestration on the proposed Alberta Carbon Grid being developed by Pembina and TC Energy. The low-carbon ammonia would be transported via rail to Canada's West Coast and shipped to Japan and other Asian markets. Pembina and Marubeni will utilize their complementary strengths to develop and execute the Project. Pembina brings its expertise in Western Canadian energy infrastructure development, construction and operations, rail logistics and export. Marubeni, a globally leading independent power producer and integrated trading conglomerate, will leverage its marketing and marine logistics capabilities, and is expected to contract for offtake from the Facility, which will be used to supply Marubeni-owned and other Japanese utility power plants. Under the MOA, Pembina and Marubeni will focus on completing work critical to the development of the Project, including preliminary Front End Engineering Design ('pre-FEED'), engagement with various stakeholders, including governments in Canada and Japan, and commercial activities. The Project is expected to be structured as an infrastructure-style, fee-based business with investment grade counterparties. Pre-FEED work is currently expected to be completed by early 2024.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Toyochem commissions pilot facility for high-performance polymers in JapanToyochem Co.,the polymer and coatings arm of Japan’s Toyo Ink Group, announced that it has completed construction of a new Polymer Pilot Facility at its Kawagoe Factory, a manufacturing complex located in Kawagoe City, Saitama Prefecture in Japan. The new Facility, which came online in April 2023, is engaged in the prototyping and medium-scale production of advanced polymers and their composites. In the first-phase production line, Toyochem plans to manufacture condensation polymers that exhibit high heat resistance and high flexibility, properties needed to fulfill the very demanding requirements of today’s semiconductor components. Key applications include high heat resistant and flexible adhesive materials for high-speed communication components and functional adhesives for electric vehicles. Toyochem, with the cooperation of its Polymer Materials Research Institute in Japan and the new Polymer Pilot Facility, is expected to accelerate development of new products and related businesses needed to support its customer base now and well into the future. “The Toyo Ink Group has a long track record of manufacturing polymers based on acrylics, urethanes, polyesters and their composites for use primarily in can coatings, adhesives, laminating adhesives and inks,” said Yasushi Ariyoshi, Division Director of the Polymer & Coating R&D Division at Toyochem. “Over the years, the Group has reinforced our capability and technological base to engineer our own polymer-based systems. Recently, Toyochem has been focusing its efforts on developing a series of high-functional products, including environmentally friendly types and performance coatings for the electronics field. These applications require improved properties to satisfy the most demanding requirements. And the establishment of a new pilot facility bolsters our ability to develop and deliver new polymer grades needed to meet the future performance and sustainability demands of our customers.” In addition to serving as a model system for the trial production of new polymers, Toyochem’s Polymer Pilot Facility is also being used to consolidate polymer pilot areas at Kawagoe and to accumulate data needed to enhance smart-factory initiatives incorporated at its manufacturing sites.
### Response:
YES
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YES
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Toyochem commissions pilot facility for high-performance polymers in JapanToyochem Co.,the polymer and coatings arm of Japan’s Toyo Ink Group, announced that it has completed construction of a new Polymer Pilot Facility at its Kawagoe Factory, a manufacturing complex located in Kawagoe City, Saitama Prefecture in Japan. The new Facility, which came online in April 2023, is engaged in the prototyping and medium-scale production of advanced polymers and their composites. In the first-phase production line, Toyochem plans to manufacture condensation polymers that exhibit high heat resistance and high flexibility, properties needed to fulfill the very demanding requirements of today’s semiconductor components. Key applications include high heat resistant and flexible adhesive materials for high-speed communication components and functional adhesives for electric vehicles. Toyochem, with the cooperation of its Polymer Materials Research Institute in Japan and the new Polymer Pilot Facility, is expected to accelerate development of new products and related businesses needed to support its customer base now and well into the future. “The Toyo Ink Group has a long track record of manufacturing polymers based on acrylics, urethanes, polyesters and their composites for use primarily in can coatings, adhesives, laminating adhesives and inks,” said Yasushi Ariyoshi, Division Director of the Polymer & Coating R&D Division at Toyochem. “Over the years, the Group has reinforced our capability and technological base to engineer our own polymer-based systems. Recently, Toyochem has been focusing its efforts on developing a series of high-functional products, including environmentally friendly types and performance coatings for the electronics field. These applications require improved properties to satisfy the most demanding requirements. And the establishment of a new pilot facility bolsters our ability to develop and deliver new polymer grades needed to meet the future performance and sustainability demands of our customers.” In addition to serving as a model system for the trial production of new polymers, Toyochem’s Polymer Pilot Facility is also being used to consolidate polymer pilot areas at Kawagoe and to accumulate data needed to enhance smart-factory initiatives incorporated at its manufacturing sites.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Brazilian cotton prices recover amid international valuationsBrazilian cotton prices saw a modest rise in May, after four consecutive months of declines, influenced by international valuations. This uptick has made sellers reluctant to lower their asking prices in the domestic spot market, thus increasing the export parity value, as per the Center for Advanced Studies on Applied Economics (CEPEA). In a strategic move, farmers chose to focus on exports while waiting for more favourable conditions in the domestic market. Many of these agents have kept their distance from the spot market, keeping a keen eye on the progress of the 2022-23 crop season. Brazilian cotton prices rose in May, following 4 months of decline, driven by international valuations. This uptick made sellers hesitant to reduce their asking prices, increasing the export parity value. In response to these dynamics, farmers are focusing on exports and monitoring the 2022-23 crop season. Average cotton prices in May remained lower. On the demand side, recent cotton valuations have led many buyers to raise their bids. This is particularly true for those in urgent need of restocking inventories. Other buyers have closed occasional deals in late May, either for immediate delivery or to replenish stocks, given the weak demand across the textile industry, CEPEA said in its latest fortnightly report on the Brazilian cotton market. The CEPEA/ESALQ Index for cotton, which had fallen by 6.73 per cent by May 10, bounced back by 3.4 per cent between April 28 and May 31, standing at BRL 4.1127/pound as of May 31. Despite this recent rise, the average price in May, which ended at BRL 3.9288/pound, is still 3.7 per cent below the export parity value, 8.9 per cent lower than in April 2023, and a staggering 49.02 per cent decrease from May 2022. This average price is also the lowest monthly average since October 2019, when it ended at BRL 3.8465/pound, after adjusting for inflation. In nominal terms, the monthly average of the Cotlook A Index ended at $0.9406/pound (as of May 29), the lowest since May 2021 ($0.9094/pound). The average of the cotton Index (cash), which finished at $0.7743/pound, was 17.7 per cent lower than the Cotlook A Index. Compared to the average of the first contract at ICE Futures (NY), which was $0.82 by May 2023, domestic prices were 5.6 per cent lower, the report added. Fibre2Fashion News Desk (KD)
### Response:
NO
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NO
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Brazilian cotton prices recover amid international valuationsBrazilian cotton prices saw a modest rise in May, after four consecutive months of declines, influenced by international valuations. This uptick has made sellers reluctant to lower their asking prices in the domestic spot market, thus increasing the export parity value, as per the Center for Advanced Studies on Applied Economics (CEPEA). In a strategic move, farmers chose to focus on exports while waiting for more favourable conditions in the domestic market. Many of these agents have kept their distance from the spot market, keeping a keen eye on the progress of the 2022-23 crop season. Brazilian cotton prices rose in May, following 4 months of decline, driven by international valuations. This uptick made sellers hesitant to reduce their asking prices, increasing the export parity value. In response to these dynamics, farmers are focusing on exports and monitoring the 2022-23 crop season. Average cotton prices in May remained lower. On the demand side, recent cotton valuations have led many buyers to raise their bids. This is particularly true for those in urgent need of restocking inventories. Other buyers have closed occasional deals in late May, either for immediate delivery or to replenish stocks, given the weak demand across the textile industry, CEPEA said in its latest fortnightly report on the Brazilian cotton market. The CEPEA/ESALQ Index for cotton, which had fallen by 6.73 per cent by May 10, bounced back by 3.4 per cent between April 28 and May 31, standing at BRL 4.1127/pound as of May 31. Despite this recent rise, the average price in May, which ended at BRL 3.9288/pound, is still 3.7 per cent below the export parity value, 8.9 per cent lower than in April 2023, and a staggering 49.02 per cent decrease from May 2022. This average price is also the lowest monthly average since October 2019, when it ended at BRL 3.8465/pound, after adjusting for inflation. In nominal terms, the monthly average of the Cotlook A Index ended at $0.9406/pound (as of May 29), the lowest since May 2021 ($0.9094/pound). The average of the cotton Index (cash), which finished at $0.7743/pound, was 17.7 per cent lower than the Cotlook A Index. Compared to the average of the first contract at ICE Futures (NY), which was $0.82 by May 2023, domestic prices were 5.6 per cent lower, the report added. Fibre2Fashion News Desk (KD)
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Feed mills urged to pass price drops on to livestock farmersAnimal feed mills have been called on to pass price reductions in concentrate feed back to farmers, as the cost of livestock concentrate ration has been slow to reduce in price for farmers. The Irish Farmers’ Association’s (IFA) Ulster / north Leinster regional chair and pig farmer, Frank Brady, has said that pig feed costs should have fallen by €100/t but have only fallen by €25/t. He believes feed mills across Ireland have been slow to pass the falling costs on to farmers in the form of a reduced concentrate price. “Most pig farmers were expecting another drop in feed costs of €25/t on June 1, but millers are telling us they can’t do that because they have forward bought,” Brady explained. Brady explained that this is impacting all livestock sectors not just the pig sector.“And feed mills have to realise they are going to have to support farmers by passing back the respective feed price drops to ensure the viability of these sectors,” Brady continued. “With the reduced milk price, most dairy farms are operating at just above break-even this year. It’s very concerning that an industry that was so profitable last year will see its margins drop so significantly and feed mills must do all they can to support the sector. “Pig farmers have returned to a profit-making scenario but they need to get back to the credit terms they want, and the only way they can do that is by having lower prices so they can pay their money back,” he said. Pig farmers are still paying for the very high-priced feed because most farmers have 2-3 months credit so they haven’t felt the benefit of the falling feed costs yet. “The millers have to realise that to keep an industry there, they have to be seen to be supporting it as best as they can. They can do this by passing all justified feed cost drops back to livestock farmers.”
### Response:
NO
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NO
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Feed mills urged to pass price drops on to livestock farmersAnimal feed mills have been called on to pass price reductions in concentrate feed back to farmers, as the cost of livestock concentrate ration has been slow to reduce in price for farmers. The Irish Farmers’ Association’s (IFA) Ulster / north Leinster regional chair and pig farmer, Frank Brady, has said that pig feed costs should have fallen by €100/t but have only fallen by €25/t. He believes feed mills across Ireland have been slow to pass the falling costs on to farmers in the form of a reduced concentrate price. “Most pig farmers were expecting another drop in feed costs of €25/t on June 1, but millers are telling us they can’t do that because they have forward bought,” Brady explained. Brady explained that this is impacting all livestock sectors not just the pig sector.“And feed mills have to realise they are going to have to support farmers by passing back the respective feed price drops to ensure the viability of these sectors,” Brady continued. “With the reduced milk price, most dairy farms are operating at just above break-even this year. It’s very concerning that an industry that was so profitable last year will see its margins drop so significantly and feed mills must do all they can to support the sector. “Pig farmers have returned to a profit-making scenario but they need to get back to the credit terms they want, and the only way they can do that is by having lower prices so they can pay their money back,” he said. Pig farmers are still paying for the very high-priced feed because most farmers have 2-3 months credit so they haven’t felt the benefit of the falling feed costs yet. “The millers have to realise that to keep an industry there, they have to be seen to be supporting it as best as they can. They can do this by passing all justified feed cost drops back to livestock farmers.”
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Centre removes 40% procurement celling to boost production of various pulses in FY24In a crucial step towards enhancing domestic production of pulses, the government has removed the procurement ceilings of 40 per cent for tur, urad and masur under Price Support Scheme (PSS) operations for 2023- 24. This will allow farmers to sell any amount of their produced Tur, Urad and Masur under PSS this year.This step taken by the government assures that these pulses will be procured from the farmers at the Minimum Support Price (MSP) without ceilings. The move to give assured procurement of these pulses by the government at remunerative prices will help motivate the farmers to enhance the sowing area with respect to tur, urad and masur in the upcoming Kharif and Rabi sowing seasons, which will help to enhance the production of these crops.The government had imposed June 2, 2023, as stock limits on tur and urad by invoking the Essential Commodities Act, 1955, to prevent hoarding and unscrupulous speculation and improve consumer affordability.The stock limits have applied to wholesalers, retailers, big chain retailers, millers and importers. It has also been made mandatory for these entities to declare their stock position on the Department of Consumer Affairs portal.Problematic AI chatbot ‘Tessa’ that gave harmful eating disorder advice to shut down‘Now factoring in a pick-up in growth momentum’: SBI Ecowrap hikes FY24 growth projection to 6.7%Tech Mahindra partners with Bank of Baroda to improve bank's customer serviceAnalysts bullish on Adani stocks as group Q4 profit tops Rs 9,000 croreCoding Ninjas' senior executive gets gate locked to stop employees from leaving office; company says action 'regrettable'Odisha train crash: How Coromandel Express entered loop line, collided with goods train? WATCH'Least I can do is...': Virender Sehwag offers free education for children of Odisha train tragedy victims‘This call is from Delhi Police’: Scammers tricking people to steal Aadhaar, ATM, PAN detailsTo ensure that the stock limits imposed on tur and urad are followed, the Department of Consumer Affairs has directed the state governments to strictly enforce the limits in their respective states.As part of this enforcement, the states have also been asked to monitor prices and stocks position by verifying with various warehouse operators. Parallelly, the Department has also requested Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details about tur and urad held in their warehouses.Also Watch: Tech Today Congress 2023: Karnataka Deputy CM DK Shivakumar on Congress govt’s vision, infrastructure problems in Bengaluru, start-ups and more
### Response:
YES
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YES
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Centre removes 40% procurement celling to boost production of various pulses in FY24In a crucial step towards enhancing domestic production of pulses, the government has removed the procurement ceilings of 40 per cent for tur, urad and masur under Price Support Scheme (PSS) operations for 2023- 24. This will allow farmers to sell any amount of their produced Tur, Urad and Masur under PSS this year.This step taken by the government assures that these pulses will be procured from the farmers at the Minimum Support Price (MSP) without ceilings. The move to give assured procurement of these pulses by the government at remunerative prices will help motivate the farmers to enhance the sowing area with respect to tur, urad and masur in the upcoming Kharif and Rabi sowing seasons, which will help to enhance the production of these crops.The government had imposed June 2, 2023, as stock limits on tur and urad by invoking the Essential Commodities Act, 1955, to prevent hoarding and unscrupulous speculation and improve consumer affordability.The stock limits have applied to wholesalers, retailers, big chain retailers, millers and importers. It has also been made mandatory for these entities to declare their stock position on the Department of Consumer Affairs portal.Problematic AI chatbot ‘Tessa’ that gave harmful eating disorder advice to shut down‘Now factoring in a pick-up in growth momentum’: SBI Ecowrap hikes FY24 growth projection to 6.7%Tech Mahindra partners with Bank of Baroda to improve bank's customer serviceAnalysts bullish on Adani stocks as group Q4 profit tops Rs 9,000 croreCoding Ninjas' senior executive gets gate locked to stop employees from leaving office; company says action 'regrettable'Odisha train crash: How Coromandel Express entered loop line, collided with goods train? WATCH'Least I can do is...': Virender Sehwag offers free education for children of Odisha train tragedy victims‘This call is from Delhi Police’: Scammers tricking people to steal Aadhaar, ATM, PAN detailsTo ensure that the stock limits imposed on tur and urad are followed, the Department of Consumer Affairs has directed the state governments to strictly enforce the limits in their respective states.As part of this enforcement, the states have also been asked to monitor prices and stocks position by verifying with various warehouse operators. Parallelly, the Department has also requested Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details about tur and urad held in their warehouses.Also Watch: Tech Today Congress 2023: Karnataka Deputy CM DK Shivakumar on Congress govt’s vision, infrastructure problems in Bengaluru, start-ups and more
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US plates in coil imports down 3.9 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 100,063 mt in April 2023, down 3.9 percent from March and down 14.2 percent from April 2022 levels. By value, plates in coil imports totaled $94.0 million in April 2023, compared to $88.3 million in March and $141.9 million in April 2022. The US imported the most plates in coil from Canada in April, with 56,047 mt, compared to 70,554 mt in March and 68,925 mt in April 2022. Other top sources of imported plates in coil in April include Mexico, with 19,250 mt; Netherlands, with 7,712 mt; South Korea, with 7,395 mt; and Germany, with 5,726 mt.
### Response:
NO
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NO
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US plates in coil imports down 3.9 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of plates in coil totaled 100,063 mt in April 2023, down 3.9 percent from March and down 14.2 percent from April 2022 levels. By value, plates in coil imports totaled $94.0 million in April 2023, compared to $88.3 million in March and $141.9 million in April 2022. The US imported the most plates in coil from Canada in April, with 56,047 mt, compared to 70,554 mt in March and 68,925 mt in April 2022. Other top sources of imported plates in coil in April include Mexico, with 19,250 mt; Netherlands, with 7,712 mt; South Korea, with 7,395 mt; and Germany, with 5,726 mt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Ukraine’s ArcelorMittal Kryvyi Rih halts crude steel production due to Kakhovka dam blow upArcelorMittal Kryvyi Rih, the largest steel producer in Ukraine, has announced a temporary stoppage of some of its facilities, which is related to the consequences of the massive water spillage at Nova Kakhovka power plant dam, caused by Russia’s terrorist act. Following the explosions at the facility, caused by Russian troops at night on June 6, a large region in the south of Ukraine has been affected by the massive floods, which endangered thousands of civilians and are causing a severe ecological damage. The catastrophe has caused crticial water supply disruptions in related regions of Ukraine and the city of Kryvyi Rih, which has been primarily sourcing water from the Kakhovka reservoir. In such a circumstance and also while already facing the disruptions of water supply to its assets, AM Kryvyi Rih has decided to temporarily halt operations at some of its facilities. “The work of the equipment which requires water cooling is temporarily suspended. In such a way the mill will preserve the equipment and will reduce water consumption until the situation is normalized,” a company’s representative stated. For now, AMKR has stopped crude steel production and rolling operations, while keeping the blast furnaces and coke batteries on. The mining complex is also reportedly operating in the regular mode. It is believed that the next 3-4 days will show how fast AMKR will be able to return to normal production since it is required to evaluate the rate of the water level decline in Kakhovka reservoir and the other consequences of Russia’s terrorist attack on the HPP and water dam.
### Response:
YES
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YES
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Ukraine’s ArcelorMittal Kryvyi Rih halts crude steel production due to Kakhovka dam blow upArcelorMittal Kryvyi Rih, the largest steel producer in Ukraine, has announced a temporary stoppage of some of its facilities, which is related to the consequences of the massive water spillage at Nova Kakhovka power plant dam, caused by Russia’s terrorist act. Following the explosions at the facility, caused by Russian troops at night on June 6, a large region in the south of Ukraine has been affected by the massive floods, which endangered thousands of civilians and are causing a severe ecological damage. The catastrophe has caused crticial water supply disruptions in related regions of Ukraine and the city of Kryvyi Rih, which has been primarily sourcing water from the Kakhovka reservoir. In such a circumstance and also while already facing the disruptions of water supply to its assets, AM Kryvyi Rih has decided to temporarily halt operations at some of its facilities. “The work of the equipment which requires water cooling is temporarily suspended. In such a way the mill will preserve the equipment and will reduce water consumption until the situation is normalized,” a company’s representative stated. For now, AMKR has stopped crude steel production and rolling operations, while keeping the blast furnaces and coke batteries on. The mining complex is also reportedly operating in the regular mode. It is believed that the next 3-4 days will show how fast AMKR will be able to return to normal production since it is required to evaluate the rate of the water level decline in Kakhovka reservoir and the other consequences of Russia’s terrorist attack on the HPP and water dam.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rebar consumption in Mexico slows, increasing only 2.7 percent in AprilAfter two months with annual increases of more than 20 percent in rebar consumption in Mexico, in April consumption increase only 2.7 percent, year-over-year, to total 343,000 metric tons (mt), according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. Rebar was the third product with the highest consumption in finished steel products in Mexico. In production it was first with 369,000 mt, 2.1 percent or 8,000 mt less compared to April last year. In exports, the volume of rebar plummeted 31.0 percent year-over-year in April to total 29,000 mt, the lowest level at least so far this year.
### Response:
NO
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NO
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Rebar consumption in Mexico slows, increasing only 2.7 percent in AprilAfter two months with annual increases of more than 20 percent in rebar consumption in Mexico, in April consumption increase only 2.7 percent, year-over-year, to total 343,000 metric tons (mt), according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. Rebar was the third product with the highest consumption in finished steel products in Mexico. In production it was first with 369,000 mt, 2.1 percent or 8,000 mt less compared to April last year. In exports, the volume of rebar plummeted 31.0 percent year-over-year in April to total 29,000 mt, the lowest level at least so far this year.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
CRC consumption in Mexico down 2.5 percent in April, third consecutive dropApparent consumption of cold rolled coils (CRC) in Mexico decreased 2.5 percent, year-over-year, in April to 349,000 metric tons (mt). It is the third consecutive annual drop, although it is the lowest compared to 19.5 percent in February and 11.8 percent in March, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. CRC was the fourth product with the highest consumption and the fourth in production of finished steel products in Mexico. Production also decreased 11.1 percent or 32,000 mt to 256,000 mt. It is the third annual drop and adds to the drop of 15.6 percent in March and the drop of 18.0 percent in February. In the international market, exports plunged 75.7 percent, compared to April 2022, totaling only 9,000 mt. Imports also decreased 3.7 percent to 103,000 mt. In international trade, for every ton of CRC exported from Mexico, in April, 11.4 tons were imported and for every 100 tons of CRC consumed in Mexico, production contributed 73.4 percent.
### Response:
NO
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NO
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CRC consumption in Mexico down 2.5 percent in April, third consecutive dropApparent consumption of cold rolled coils (CRC) in Mexico decreased 2.5 percent, year-over-year, in April to 349,000 metric tons (mt). It is the third consecutive annual drop, although it is the lowest compared to 19.5 percent in February and 11.8 percent in March, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. CRC was the fourth product with the highest consumption and the fourth in production of finished steel products in Mexico. Production also decreased 11.1 percent or 32,000 mt to 256,000 mt. It is the third annual drop and adds to the drop of 15.6 percent in March and the drop of 18.0 percent in February. In the international market, exports plunged 75.7 percent, compared to April 2022, totaling only 9,000 mt. Imports also decreased 3.7 percent to 103,000 mt. In international trade, for every ton of CRC exported from Mexico, in April, 11.4 tons were imported and for every 100 tons of CRC consumed in Mexico, production contributed 73.4 percent.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper Prices To Move Rangebound As Market Awaiting US Inflation DataLME copper prices closed at $8,325/mt overnight, a drop of 0.04%. Trading volumes were 16,000 lots and open interest stood at 250,000 lots. The most active SHFE 2307 copper contract finished at 66,780 yuan/mt overnight, up 0.42%. Trading volume was 28,000 lots and open interest stood at 186,000 lots.On the macro front, the Australian dollar jumped after the Reserve Bank of Australia unexpectedly raised interest rates, while the US dollar index fell after rising. The market is focusing on inflation data before the Fed meeting.In terms of fundamentals, the tight supply of goods in east China has not been completely alleviated. Sellers were unwilling to adjust prices. Downstream buying interest weakened significantly and the overall trading was quiet. Spot quotes will remain high ahead of delivery. In south China, spot quotes fell due to higher SHFE copper prices and weaker consumption. It is expected that copper prices will fluctuate at the current level in the near term.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
### Response:
NO
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NO
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Copper Prices To Move Rangebound As Market Awaiting US Inflation DataLME copper prices closed at $8,325/mt overnight, a drop of 0.04%. Trading volumes were 16,000 lots and open interest stood at 250,000 lots. The most active SHFE 2307 copper contract finished at 66,780 yuan/mt overnight, up 0.42%. Trading volume was 28,000 lots and open interest stood at 186,000 lots.On the macro front, the Australian dollar jumped after the Reserve Bank of Australia unexpectedly raised interest rates, while the US dollar index fell after rising. The market is focusing on inflation data before the Fed meeting.In terms of fundamentals, the tight supply of goods in east China has not been completely alleviated. Sellers were unwilling to adjust prices. Downstream buying interest weakened significantly and the overall trading was quiet. Spot quotes will remain high ahead of delivery. In south China, spot quotes fell due to higher SHFE copper prices and weaker consumption. It is expected that copper prices will fluctuate at the current level in the near term.More popular news:Commodity Price Bubble Finally Burst, but Metals Demand Will SurgeGlencore to Massively Expand Copper CapacitySMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke SurgedSMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore SkyrocketedSMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in JulySMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV DevelopmentCommerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies AheadFor queries, please contact Michael Jiang at [email protected] For more information on how to access our research reports, please email [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Turkey: Ferrous scrap imports decline by over 25% in AprilTurkiye's ferrous scrap imports in April saw a decline of 26%, at 1.73 million tonnes (mnt), after reaching a 10-month high in March 2023 which was 2.34 mnt, according to data from SteelMint. Following the same, imports also dropped by 18% compared to April 2022, when imports stood at 2.11 mnt.
### Response:
YES
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YES
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Turkey: Ferrous scrap imports decline by over 25% in AprilTurkiye's ferrous scrap imports in April saw a decline of 26%, at 1.73 million tonnes (mnt), after reaching a 10-month high in March 2023 which was 2.34 mnt, according to data from SteelMint. Following the same, imports also dropped by 18% compared to April 2022, when imports stood at 2.11 mnt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Sugar slips on Brazil's rising output, progress of monsoon in IndiaSugar slips on Brazil's rising output, progress of monsoon in India Sugar prices have slipped to a six-week low in international markets, reaching a low of 24.7 cents per pound. This decline follows a significant surge in April when prices had reached an 11-year high of 27 cents. One of the key factors contributing to the downward trend in prices is the strong supply from Brazil. The country's harvest is up by an impressive 48% compared to the previous year. In addition to that, the percentage of cane crushed for sugar has increased by 45.6% year-on-year, leading to an estimated 4.7% YoY increase in Brazil's sugar output for 2023-24. The International Sugar Organization has now revised its global estimates lower for the 2023-24 period, with projected production at 177.4 million tonnes. It also cut the surplus estimate to 852,000 tonnes, significantly lower than the earlier estimate of 4.15 million tonnes. The U.S. Department of Agriculture (USDA) meanwhile remains bullish on sugar, and has forecast a 6% increase in global production to 187.88 million tons for 2023-24. Consumption is expected to rise by 2.3% to 180.045 million tons, resulting in ending stocks at a five-year low of 33.45 million tons. Weather concerns too end up adding to the uncertainties surrounding sugar prices. The possibility of El Nino causing floods in Brazil and drought in India raises questions about future supply and its impact on prices. Related stories Samsung expects monsoon to bring strong growth from rural area in second half 673 personnel to patrol Konkan railway route as precaution during monsoon The 20% up rule — bull market vs bear rally In India, the uncertainty surrounding the monsoon season may help support sugar prices. Overall, the combination of supply dynamics, global estimates, and weather uncertainties suggests a mixed outlook for sugar prices in the international markets. Read More
### Response:
YES
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YES
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Sugar slips on Brazil's rising output, progress of monsoon in IndiaSugar slips on Brazil's rising output, progress of monsoon in India Sugar prices have slipped to a six-week low in international markets, reaching a low of 24.7 cents per pound. This decline follows a significant surge in April when prices had reached an 11-year high of 27 cents. One of the key factors contributing to the downward trend in prices is the strong supply from Brazil. The country's harvest is up by an impressive 48% compared to the previous year. In addition to that, the percentage of cane crushed for sugar has increased by 45.6% year-on-year, leading to an estimated 4.7% YoY increase in Brazil's sugar output for 2023-24. The International Sugar Organization has now revised its global estimates lower for the 2023-24 period, with projected production at 177.4 million tonnes. It also cut the surplus estimate to 852,000 tonnes, significantly lower than the earlier estimate of 4.15 million tonnes. The U.S. Department of Agriculture (USDA) meanwhile remains bullish on sugar, and has forecast a 6% increase in global production to 187.88 million tons for 2023-24. Consumption is expected to rise by 2.3% to 180.045 million tons, resulting in ending stocks at a five-year low of 33.45 million tons. Weather concerns too end up adding to the uncertainties surrounding sugar prices. The possibility of El Nino causing floods in Brazil and drought in India raises questions about future supply and its impact on prices. Related stories Samsung expects monsoon to bring strong growth from rural area in second half 673 personnel to patrol Konkan railway route as precaution during monsoon The 20% up rule — bull market vs bear rally In India, the uncertainty surrounding the monsoon season may help support sugar prices. Overall, the combination of supply dynamics, global estimates, and weather uncertainties suggests a mixed outlook for sugar prices in the international markets. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Govt removes 40% procurement celling to boost production of pulsesIt may be recalled that the government on June 2 imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation. Representative image In a significant step towards enhancing domestic production of pulses, the government has removed the procurement ceilings of 40 percent for tur, urad and masur under Price Support Scheme (PSS) operations for 2023-24. The decision, in effect, assures the procurement of these pulses from farmers at MSP without ceilings. The assured procurement of these pulses by the government at remunerative prices will help motivate the farmers to enhance the sowing area in respect of tur, urad and masur in the upcoming Kharif and Rabi sowing seasons in order to enhance the production. It may be recalled that the government on June 2 imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers. The stock limits have been made applicable to wholesalers, retailers, big chain retailers, millers and importers. It has also been made mandatory for these entities to declare the stock position on the portal (https://fcainfoweb.nic.in/psp) of the Department of Consumer Affairs. Also read: Govt takes steps to monitor Tur, Urad stock levels; warns hoarders of strict action In a follow-up action to the stock limits imposed on tur and urad, the Department of Consumer Affairs has directed the state governments to ensure strict enforcement of the limits in their respective states. As part of enforcement, the states have also been asked to monitor prices and stocks position by verifying with various warehouse operators. Related stories Xiaomi sources more production in India amid regulatory scrutiny Maruti Suzuki expects production loss in Q1; anticipates some relief from July The Department has also asked Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details pertaining to tur and urad held in their warehouses. Read More
### Response:
NO
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NO
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Govt removes 40% procurement celling to boost production of pulsesIt may be recalled that the government on June 2 imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation. Representative image In a significant step towards enhancing domestic production of pulses, the government has removed the procurement ceilings of 40 percent for tur, urad and masur under Price Support Scheme (PSS) operations for 2023-24. The decision, in effect, assures the procurement of these pulses from farmers at MSP without ceilings. The assured procurement of these pulses by the government at remunerative prices will help motivate the farmers to enhance the sowing area in respect of tur, urad and masur in the upcoming Kharif and Rabi sowing seasons in order to enhance the production. It may be recalled that the government on June 2 imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers. The stock limits have been made applicable to wholesalers, retailers, big chain retailers, millers and importers. It has also been made mandatory for these entities to declare the stock position on the portal (https://fcainfoweb.nic.in/psp) of the Department of Consumer Affairs. Also read: Govt takes steps to monitor Tur, Urad stock levels; warns hoarders of strict action In a follow-up action to the stock limits imposed on tur and urad, the Department of Consumer Affairs has directed the state governments to ensure strict enforcement of the limits in their respective states. As part of enforcement, the states have also been asked to monitor prices and stocks position by verifying with various warehouse operators. Related stories Xiaomi sources more production in India amid regulatory scrutiny Maruti Suzuki expects production loss in Q1; anticipates some relief from July The Department has also asked Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details pertaining to tur and urad held in their warehouses. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Now ethanol blending with diesel soonAfter the government successfully achieved ethanol blending with petrol, steps are being taken to blend ethanol with diesel and Indian Oil is working with two domestic engine makers to achieve 5% ethanol blending in diesel, said a senior official from the company, according to economictimes.indiatimes. Indian Oil Corporation Director (R&D) SSV Ramakumar said, “Ethanol blending in diesel is important as it is the most used fuel in the transportation sector in the country. There are some issues with the fuel injectors but we are experimenting with it”. “Lowering the use of diesel would be a great conservation of precious petroleum products and help in lowering the emission from diesel vehicles,” he said. “At present 10% ethanol is blended in petrol vehicles and it would be doubled by 2025,” he added. Sugarcane molasses is used to produce ethanol while second-generation ethanol is produced from agricultural residue like wheat straw, paddy straw, cotton straw and such agricultural residue, said Ramakumar. Oil Marketing Companies are working on setting up second-generation ethanol plants which will help in boosting ethanol availability in the country to achieve the final goal of 1,000 crore litres of ethanol, needed to achieve a 20% blending target by 2025, he said.
### Response:
YES
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YES
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Now ethanol blending with diesel soonAfter the government successfully achieved ethanol blending with petrol, steps are being taken to blend ethanol with diesel and Indian Oil is working with two domestic engine makers to achieve 5% ethanol blending in diesel, said a senior official from the company, according to economictimes.indiatimes. Indian Oil Corporation Director (R&D) SSV Ramakumar said, “Ethanol blending in diesel is important as it is the most used fuel in the transportation sector in the country. There are some issues with the fuel injectors but we are experimenting with it”. “Lowering the use of diesel would be a great conservation of precious petroleum products and help in lowering the emission from diesel vehicles,” he said. “At present 10% ethanol is blended in petrol vehicles and it would be doubled by 2025,” he added. Sugarcane molasses is used to produce ethanol while second-generation ethanol is produced from agricultural residue like wheat straw, paddy straw, cotton straw and such agricultural residue, said Ramakumar. Oil Marketing Companies are working on setting up second-generation ethanol plants which will help in boosting ethanol availability in the country to achieve the final goal of 1,000 crore litres of ethanol, needed to achieve a 20% blending target by 2025, he said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Carbios and Indorama Ventures to Construct the World's First PET Biorecycling PlantFrance: A non-binding Memorandum of Understanding (MOU) was signed by the biotech company Carbios and the chemical behemoth Indorama Ventures, based in Bangkok, to form a joint venture for the construction of the first PET biorecycling facility in France using Carbios' enzymatic depolymerization technology. The method makes it possible to recycle PET plastic and textile waste into goods that are effective and solvent-free as new. For more than a year, Carbios and Indorama Ventures have collaborated to evaluate the technology's technical and commercial viability.
### Response:
YES
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YES
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Carbios and Indorama Ventures to Construct the World's First PET Biorecycling PlantFrance: A non-binding Memorandum of Understanding (MOU) was signed by the biotech company Carbios and the chemical behemoth Indorama Ventures, based in Bangkok, to form a joint venture for the construction of the first PET biorecycling facility in France using Carbios' enzymatic depolymerization technology. The method makes it possible to recycle PET plastic and textile waste into goods that are effective and solvent-free as new. For more than a year, Carbios and Indorama Ventures have collaborated to evaluate the technology's technical and commercial viability.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
EU Considers Ban on Chemical Vital to Electrification of CarsEurope: The European Commission, Parliament, and EU member states have made impressive commitments to phase out combustion-driven vehicles and move towards fully electric fleets, as well as an ambition to create a circular EV production system in Europe. The EU's Green Deal plan relies heavily on the transition to electrification. However, there are still many questions about how this massive demand will be satisfied.
### Response:
NO
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NO
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EU Considers Ban on Chemical Vital to Electrification of CarsEurope: The European Commission, Parliament, and EU member states have made impressive commitments to phase out combustion-driven vehicles and move towards fully electric fleets, as well as an ambition to create a circular EV production system in Europe. The EU's Green Deal plan relies heavily on the transition to electrification. However, there are still many questions about how this massive demand will be satisfied.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US Food and Drug Administration Approves RSV Vaccine From PfizerABRYSVO, a Respiratory Syncytial Virus (RSV) vaccine made by Pfizer, has received US Food and Drug Administration (FDA), a federal agency under the Department of Health and Human Services, approval in order to prevent RSV infection in 60 years of age and older. RSV puts an enormous strain on older persons in the US. Age and concomitant conditions, including Congestive Heart Failure, Asthma, and Chronic Obstructive Lung Disease, can make RSV more severe.
### Response:
NO
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NO
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US Food and Drug Administration Approves RSV Vaccine From PfizerABRYSVO, a Respiratory Syncytial Virus (RSV) vaccine made by Pfizer, has received US Food and Drug Administration (FDA), a federal agency under the Department of Health and Human Services, approval in order to prevent RSV infection in 60 years of age and older. RSV puts an enormous strain on older persons in the US. Age and concomitant conditions, including Congestive Heart Failure, Asthma, and Chronic Obstructive Lung Disease, can make RSV more severe.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Lacklustre Demand Constrains the Market Growth of Titanium Dioxide in Late May 2023USA: The stresses in the U.S. and Swiss banking sectors have continued to impact the market expansion of key input materials required in the construction sector. The higher lending rates have exacerbated the demand concerns for Titanium Dioxide and its derivatives. As per the observed market scenario, the market players were cautious about incorporating any major development in the price value chain of Titanium Dioxide, and as a result, the prices have remained on the lower end in the last month.
### Response:
YES
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YES
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Lacklustre Demand Constrains the Market Growth of Titanium Dioxide in Late May 2023USA: The stresses in the U.S. and Swiss banking sectors have continued to impact the market expansion of key input materials required in the construction sector. The higher lending rates have exacerbated the demand concerns for Titanium Dioxide and its derivatives. As per the observed market scenario, the market players were cautious about incorporating any major development in the price value chain of Titanium Dioxide, and as a result, the prices have remained on the lower end in the last month.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Slump in Demand and Rising Inventories Lower the HDPE Prices in the U.S. MarketThe US High-Density Polyethylene (HDPE) prices exhibited a lower trend in the first week of June 2023 due to the weakening cost support from the country's downstream packaging and construction segments. Meanwhile, the final HDPE discussions were attributed to various factors, including soft demand in the U.S. market's primary HDPE-consuming construction and packaging sector and soaring inventory levels amidst eased upstream Ethylene costs and fluctuating crude oil price trends across the globe. Nevertheless, the minimal packaging industry demand and fluctuating oil prices squeezed margins in Naphtha-dependent Europe and Asia while the U.S. and Middle East embraced cheaper Ethylene price advantages at the termination of May 2023.
### Response:
YES
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YES
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Slump in Demand and Rising Inventories Lower the HDPE Prices in the U.S. MarketThe US High-Density Polyethylene (HDPE) prices exhibited a lower trend in the first week of June 2023 due to the weakening cost support from the country's downstream packaging and construction segments. Meanwhile, the final HDPE discussions were attributed to various factors, including soft demand in the U.S. market's primary HDPE-consuming construction and packaging sector and soaring inventory levels amidst eased upstream Ethylene costs and fluctuating crude oil price trends across the globe. Nevertheless, the minimal packaging industry demand and fluctuating oil prices squeezed margins in Naphtha-dependent Europe and Asia while the U.S. and Middle East embraced cheaper Ethylene price advantages at the termination of May 2023.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Synthite ties up with US-based PMEDS, IISC to introduce plant-based dairy alternative Synthite -- the largest manufacturer and exporter of value-added spices, oils, and oleoresins -- has entered into the manufacture, sales, and distribution of branded plant-derived nutrients and plant proteins. The company has set up Pfoods Pvt. Ltd, a food-tech joint venture with the Indian Institute of Science (IISc), and PMEDS, a US-based nutraceutical company.The company has launched Just Plants, a plant-based dairy alternative and Plotein, a plant-based protein drink powder.Viju Jacob, Managing Director, Synthite Industries, said Pfoods’ innovation mandate was to develop healthier, greener, tastier, affordable, and scalable PBAs for animal dairy products. The company is committed to sourcing every ingredient for this business from India. The two proprietary platforms of PBAs called Just Plants and Plotein are the result of this genuinely Indian innovation,” he said.Joe Fenn, Director, Pfoods, said Just Plants is a plant-based dairy alternative for desi chai, coffee, and hot chocolate. It is tastier, creamier, and frothier in cappuccino, café lattes dispensed via office-based vending machines and at home for handmade chai and coffee. “Just Plants is healthier as it is free of antibiotics, cholesterol, lactose, hormones, and animal fat found in milk, but it’s also fortified with calcium, vitamins D and B12,” he said. Also read: Shaka Harry to enter Singapore, to introduce 15 productsJust Plants is greener for the environment, as measured by the Life Cycle Analysis (LCA) of the product’s carbon and water footprints. As per data released by the company using established methodologies, Just Plants production emits 0.15 kg of carbon dioxide equivalent per litre compared to animal milk production resulting in 3.4 kg. This makes Just Plants almost 2300 per cent greener for the environment, regarding carbon emissions and global warming. The product is available in one litre and 200 ml cartons. The technology of dairy alternatives also has varied uses in vegan baking and vegan desserts, including vegan curd and flavoured vegan yogurt.Aju Jacob, Joint Managing Director, Synthite, said Plotein (for Plant Protein) developed at the parent company’s lab here, is a highly soluble, bio-available plant protein combination offering the only source of all nine essential amino acids derived from lentils and yellow peas. This makes Plotein a fully vegan source of complete protein as it delivers all nine amino acids. This platform technology also has utility in ready-to-drink vegan protein shakes. Plotein is being launched in 15-gram sachets, with each sachet offering the same complete protein equivalent to an egg.The company’s strategy is to focus on corporates that provide coffee and tea to their employees via vending machines. Just Plants can be offered as a healthier and greener option to replace milk in office beverages. Comments
### Response:
NO
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NO
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Synthite ties up with US-based PMEDS, IISC to introduce plant-based dairy alternative Synthite -- the largest manufacturer and exporter of value-added spices, oils, and oleoresins -- has entered into the manufacture, sales, and distribution of branded plant-derived nutrients and plant proteins. The company has set up Pfoods Pvt. Ltd, a food-tech joint venture with the Indian Institute of Science (IISc), and PMEDS, a US-based nutraceutical company.The company has launched Just Plants, a plant-based dairy alternative and Plotein, a plant-based protein drink powder.Viju Jacob, Managing Director, Synthite Industries, said Pfoods’ innovation mandate was to develop healthier, greener, tastier, affordable, and scalable PBAs for animal dairy products. The company is committed to sourcing every ingredient for this business from India. The two proprietary platforms of PBAs called Just Plants and Plotein are the result of this genuinely Indian innovation,” he said.Joe Fenn, Director, Pfoods, said Just Plants is a plant-based dairy alternative for desi chai, coffee, and hot chocolate. It is tastier, creamier, and frothier in cappuccino, café lattes dispensed via office-based vending machines and at home for handmade chai and coffee. “Just Plants is healthier as it is free of antibiotics, cholesterol, lactose, hormones, and animal fat found in milk, but it’s also fortified with calcium, vitamins D and B12,” he said. Also read: Shaka Harry to enter Singapore, to introduce 15 productsJust Plants is greener for the environment, as measured by the Life Cycle Analysis (LCA) of the product’s carbon and water footprints. As per data released by the company using established methodologies, Just Plants production emits 0.15 kg of carbon dioxide equivalent per litre compared to animal milk production resulting in 3.4 kg. This makes Just Plants almost 2300 per cent greener for the environment, regarding carbon emissions and global warming. The product is available in one litre and 200 ml cartons. The technology of dairy alternatives also has varied uses in vegan baking and vegan desserts, including vegan curd and flavoured vegan yogurt.Aju Jacob, Joint Managing Director, Synthite, said Plotein (for Plant Protein) developed at the parent company’s lab here, is a highly soluble, bio-available plant protein combination offering the only source of all nine essential amino acids derived from lentils and yellow peas. This makes Plotein a fully vegan source of complete protein as it delivers all nine amino acids. This platform technology also has utility in ready-to-drink vegan protein shakes. Plotein is being launched in 15-gram sachets, with each sachet offering the same complete protein equivalent to an egg.The company’s strategy is to focus on corporates that provide coffee and tea to their employees via vending machines. Just Plants can be offered as a healthier and greener option to replace milk in office beverages. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Govt removes quantitative cap on procurement of tur, urad and masur under MSP operationThe committee of secretaries has approved removal of quantitative limit on procurement of tur (pigeon peas), urad (black gram) and masur (lentil) under Price Support Scheme (PSS) for 2023-24, which may signal farmers to expand the area and increase production. “In order to boost domestic production, the government is removing ceiling for procurement of tur, urad and masur under PSS for 2023-24 and farmers are free to sell any amount of their produce this year,” the Consumer Affairs Ministry said in a release. The decision is expected to increase the sowing area of tur and urad during current kharif and of masur in rabi season, it added.The Agriculture Ministry, which manages the PSS scheme, had moved the proposal before the committee of secretaries, headed by the Cabinet Secretary, sources said. The government is very concerned about production of pulses as any decline may inflate prices, the sources said.Under PSS, the government buys a maximum 25 per cent of production of pulses and oilseeds from farmers at their minimum support prices (MSPs) when mandi rates fall below these benchmark prices. However, if States request, the ceiling is enhanced to 40 per cent.Also read: As Myanmar trade holds back tur, India warns of looking at G2G dealThe Centre last week imposed stock limit until October 31 for tur dal and urad dal, specifying wholesalers, retailers, big chain retailers, millers, and importers not to keep these pulses more than the specified limit.Stock limits applicable to each pulse individually will be 200 tonnes for wholesalers, 5 tonnes for retailers, 5 tonnes at each retail outlet and 200 tonnes at the depot for big chain retailers. In the case of millers, the limit would be the last three months of production or 25 per cent of annual installed capacity, whichever is higher, for the millers. Importers are told not to hold imported stock beyond 30 days from the date of Customs clearance.The Consumer Affairs Ministry had said, “In order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers in respect of tur dal and urad dal, the Indian government has issued the order.”In a follow-up action to the stock limits imposed on tur and urad, the Department of Consumer Affairs has directed the State governments to ensure strict enforcement of the limits. As part of enforcement, the States have also been asked to monitor prices and the stocks position by verifying with various warehouse operators. Parallelly, the Department has also asked Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details pertaining to tur and urad held in their warehouses. Comments
### Response:
YES
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YES
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Govt removes quantitative cap on procurement of tur, urad and masur under MSP operationThe committee of secretaries has approved removal of quantitative limit on procurement of tur (pigeon peas), urad (black gram) and masur (lentil) under Price Support Scheme (PSS) for 2023-24, which may signal farmers to expand the area and increase production. “In order to boost domestic production, the government is removing ceiling for procurement of tur, urad and masur under PSS for 2023-24 and farmers are free to sell any amount of their produce this year,” the Consumer Affairs Ministry said in a release. The decision is expected to increase the sowing area of tur and urad during current kharif and of masur in rabi season, it added.The Agriculture Ministry, which manages the PSS scheme, had moved the proposal before the committee of secretaries, headed by the Cabinet Secretary, sources said. The government is very concerned about production of pulses as any decline may inflate prices, the sources said.Under PSS, the government buys a maximum 25 per cent of production of pulses and oilseeds from farmers at their minimum support prices (MSPs) when mandi rates fall below these benchmark prices. However, if States request, the ceiling is enhanced to 40 per cent.Also read: As Myanmar trade holds back tur, India warns of looking at G2G dealThe Centre last week imposed stock limit until October 31 for tur dal and urad dal, specifying wholesalers, retailers, big chain retailers, millers, and importers not to keep these pulses more than the specified limit.Stock limits applicable to each pulse individually will be 200 tonnes for wholesalers, 5 tonnes for retailers, 5 tonnes at each retail outlet and 200 tonnes at the depot for big chain retailers. In the case of millers, the limit would be the last three months of production or 25 per cent of annual installed capacity, whichever is higher, for the millers. Importers are told not to hold imported stock beyond 30 days from the date of Customs clearance.The Consumer Affairs Ministry had said, “In order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers in respect of tur dal and urad dal, the Indian government has issued the order.”In a follow-up action to the stock limits imposed on tur and urad, the Department of Consumer Affairs has directed the State governments to ensure strict enforcement of the limits. As part of enforcement, the States have also been asked to monitor prices and the stocks position by verifying with various warehouse operators. Parallelly, the Department has also asked Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to provide the details pertaining to tur and urad held in their warehouses. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rice exporters' body pegs FY24 basmati shipments at record $5.5 blnInformist, Tuesday, Jun 6, 2023 –Rice exporters' body: FY24 basmati exports seen at record $5.5 bln –Rice exporters' body: Basmati exports in Apr at $470 mln, up 45% By Sandeep Sinha MUMBAI – For the first time ever, India's basmati rice exports are set to exceed $5 bln in 2023-24 (Apr-Mar), said All India Rice Exporters Association Executive Director Vinod Kaul. 'The country's basmati rice exports in 2023-24 are likely to touch $5.5 bln in value, against $4.8 bln achieved in 2022-23,' Kaul told Informist. Exports in the current financial year got off to a good start, with basmati rice exports in April rising 32.8% on year to 424,650 tn. In value terms, the growth was nearly 45% at $470 mln. Kaul said that in April, basmati rice exports to most destinations recorded growth. The aromatic rice has huge demand in West Asia, and the region accounts for nearly 77% of the total basmati rice exports from India. Iran and Saudi Arabia are the biggest importers, both in value and volume terms. 'Over the past few years, our export of basmati rice has been hovering around 4.5 mln tn. But due to various reasons, export dropped to 3.8 mln tn in FY22 but again picked up to 4.5 mln tn in FY23. We anticipate that in the current financial year also, we will be able to sustain the usual export trend,' Kaul said. Average monthly basmati rice exports for the last five years stand at 350,000-360,000 tn, he said. India is the largest producer and exporter of basmati rice, accounting for 70% of global production. It produces about 9 mln tn of basmati rice in a year, with domestic consumption and exports each accounting for half. 'The fiercest challenge that is being faced in basmati rice exports over the past few years is the trend in various importing countries adopting European Union-at-par norms of maximum residue levels of pesticides. This causes compliance issues as production is generic and cannot be on a country-specific requirement basis,' said Kaul. 'Proactive and consistent liaison with different countries to convince them about the unrealistic approach in adopting EU-type norms of 0.01 parts per million for most pesticides would be the first and foremost action plan,' he said. This year, Kaul does not expect major competition from Pakistan in the export market, as floods in the country damaged the crop. Also, in a recent forecast, the Food and Agriculture Organization's Global Information and Early Warning System said Pakistan is at risk from the El Nino weather phenomenon this year, which is likely to lead to excessive rainfall. 'It is not always that El Nino has a negative impact, and I only wish that it does not cause any damage to our crop,' Kaul said. Pakistan traditionally competes with India in the basmati exports market. Basmati rice exports account for about 18% of India's total agricultural produce exports, according to data collated by the Agricultural and Processed Food Products Export Development Authority. In Jan-May, the average price of Pusa basmati was $1,543.3 per tn, compared with $1,302.0 per tn in the same period last year, the United Nation's Food and Agriculture Organization said in its monthly report. Farmers have shifted to the Pusa basmati variety, as this requires less water compared to traditional varieties and yields are higher than that from traditional tall basmati. End Edited by Avishek Dutta For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation. Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd. Informist Media Tel +91 (22) 6985-4000 Send comments to [email protected] © Informist Media Pvt. Ltd. 2023. All rights reserved.
### Response:
YES
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YES
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Rice exporters' body pegs FY24 basmati shipments at record $5.5 blnInformist, Tuesday, Jun 6, 2023 –Rice exporters' body: FY24 basmati exports seen at record $5.5 bln –Rice exporters' body: Basmati exports in Apr at $470 mln, up 45% By Sandeep Sinha MUMBAI – For the first time ever, India's basmati rice exports are set to exceed $5 bln in 2023-24 (Apr-Mar), said All India Rice Exporters Association Executive Director Vinod Kaul. 'The country's basmati rice exports in 2023-24 are likely to touch $5.5 bln in value, against $4.8 bln achieved in 2022-23,' Kaul told Informist. Exports in the current financial year got off to a good start, with basmati rice exports in April rising 32.8% on year to 424,650 tn. In value terms, the growth was nearly 45% at $470 mln. Kaul said that in April, basmati rice exports to most destinations recorded growth. The aromatic rice has huge demand in West Asia, and the region accounts for nearly 77% of the total basmati rice exports from India. Iran and Saudi Arabia are the biggest importers, both in value and volume terms. 'Over the past few years, our export of basmati rice has been hovering around 4.5 mln tn. But due to various reasons, export dropped to 3.8 mln tn in FY22 but again picked up to 4.5 mln tn in FY23. We anticipate that in the current financial year also, we will be able to sustain the usual export trend,' Kaul said. Average monthly basmati rice exports for the last five years stand at 350,000-360,000 tn, he said. India is the largest producer and exporter of basmati rice, accounting for 70% of global production. It produces about 9 mln tn of basmati rice in a year, with domestic consumption and exports each accounting for half. 'The fiercest challenge that is being faced in basmati rice exports over the past few years is the trend in various importing countries adopting European Union-at-par norms of maximum residue levels of pesticides. This causes compliance issues as production is generic and cannot be on a country-specific requirement basis,' said Kaul. 'Proactive and consistent liaison with different countries to convince them about the unrealistic approach in adopting EU-type norms of 0.01 parts per million for most pesticides would be the first and foremost action plan,' he said. This year, Kaul does not expect major competition from Pakistan in the export market, as floods in the country damaged the crop. Also, in a recent forecast, the Food and Agriculture Organization's Global Information and Early Warning System said Pakistan is at risk from the El Nino weather phenomenon this year, which is likely to lead to excessive rainfall. 'It is not always that El Nino has a negative impact, and I only wish that it does not cause any damage to our crop,' Kaul said. Pakistan traditionally competes with India in the basmati exports market. Basmati rice exports account for about 18% of India's total agricultural produce exports, according to data collated by the Agricultural and Processed Food Products Export Development Authority. In Jan-May, the average price of Pusa basmati was $1,543.3 per tn, compared with $1,302.0 per tn in the same period last year, the United Nation's Food and Agriculture Organization said in its monthly report. Farmers have shifted to the Pusa basmati variety, as this requires less water compared to traditional varieties and yields are higher than that from traditional tall basmati. End Edited by Avishek Dutta For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation. Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd. Informist Media Tel +91 (22) 6985-4000 Send comments to [email protected] © Informist Media Pvt. Ltd. 2023. All rights reserved.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Sanghi Cement receives further offers to acquire stakeIndia: JK Organisation and Nirma Group have submitted non-binding offers to acquire 40 - 72% stakes in Sanghi Cement. The Economic Times newspaper has reported that promoters value the company at US$726m.
### Response:
YES
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YES
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Sanghi Cement receives further offers to acquire stakeIndia: JK Organisation and Nirma Group have submitted non-binding offers to acquire 40 - 72% stakes in Sanghi Cement. The Economic Times newspaper has reported that promoters value the company at US$726m.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
JK Cement board approves acquisition of Toshali CementsIndia: JK Cement has secured in-principle approval from its board of directors to enter into a share purchase agreement for 100% of shares in Toshali Cements. The Economic Times has reported the value of the agreement as US$19m.
### Response:
YES
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YES
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JK Cement board approves acquisition of Toshali CementsIndia: JK Cement has secured in-principle approval from its board of directors to enter into a share purchase agreement for 100% of shares in Toshali Cements. The Economic Times has reported the value of the agreement as US$19m.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India will not face any shortage of coal this year: Coal Minister Pralhad JoshiIndia will not face any shortage of coal this year even during the monsoon, Coal and Mines Minister Pralhad Joshi said on Tuesday. No matter what is the demand this year, the government is prepared to meet the same, the minister said at a conference on underground coal mining. 'I assure the country on behalf of Coal India and the coal ministry that there will not be any shortage of coal even in the monsoon this time,' he said. The preparation is good and it is 'our responsibility' to meet the entire demand this year, Joshi said. Speaking to PTI on the sidelines of the event, the minister said while 35 million tonne (MT) coal is at thermal power plants, 65 MT is lying at pit heads of Coal India and private miners and another 10-12 MT is in various stages of transportation. Advt On the movement of coal through rakes, Joshi said the ministry is working in close coordination with Railways for movement of the dry fuel from pit heads to locations. Earlier, the minister also unveiled Coal India's 'UG Vision Plan', which is a roadmap for achieving 100 MT production from CIL's underground mines by FY 2028. At present, Coal India produces around 28 MT coal from underground mines. Its subsidiary South Eastern Coalfields Ltd (SECL) alone contributes 11.5 MT coal from its 45 underground mines, Sanish Chandra, an official of SECL said. PTI Published On Jun 6, 2023 at 03:35 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post india coal india joshi coal india ug vision plan coal ministry coal and mines sanish chandra Home News Coal India will not face any shortage of coal this year: Coal Minister Pralhad Joshi
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YES
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YES
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India will not face any shortage of coal this year: Coal Minister Pralhad JoshiIndia will not face any shortage of coal this year even during the monsoon, Coal and Mines Minister Pralhad Joshi said on Tuesday. No matter what is the demand this year, the government is prepared to meet the same, the minister said at a conference on underground coal mining. 'I assure the country on behalf of Coal India and the coal ministry that there will not be any shortage of coal even in the monsoon this time,' he said. The preparation is good and it is 'our responsibility' to meet the entire demand this year, Joshi said. Speaking to PTI on the sidelines of the event, the minister said while 35 million tonne (MT) coal is at thermal power plants, 65 MT is lying at pit heads of Coal India and private miners and another 10-12 MT is in various stages of transportation. Advt On the movement of coal through rakes, Joshi said the ministry is working in close coordination with Railways for movement of the dry fuel from pit heads to locations. Earlier, the minister also unveiled Coal India's 'UG Vision Plan', which is a roadmap for achieving 100 MT production from CIL's underground mines by FY 2028. At present, Coal India produces around 28 MT coal from underground mines. Its subsidiary South Eastern Coalfields Ltd (SECL) alone contributes 11.5 MT coal from its 45 underground mines, Sanish Chandra, an official of SECL said. PTI Published On Jun 6, 2023 at 03:35 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post india coal india joshi coal india ug vision plan coal ministry coal and mines sanish chandra Home News Coal India will not face any shortage of coal this year: Coal Minister Pralhad Joshi
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil backs off five-week high on economic concernsOil prices fell in European trade for the first session in four off five-week high on profit-taking, and amid renewed concerns about the global economy's weakness and its impact on fuel demand. Such decline comes ahead of initial US inventory data later today from the American Petroleum Institute. Global Oil Prices US crude fell 2.5% to $70.17 a barrel, with a session-high at $71.99, while Brent tumbled 2.2% to $74.76 a barrel, with a session-high at $76.58. US crude rose 0.2% on Monday, the third profit in a row, marking a five-week high at $74.92, while Brent added 0.5% to $78.68 a barrel, the highest since May 2. Global oil prices surged after Saudi Arabia announced a voluntary production cut by a million bpd for a month in July. Economic Cocnerns Latest US data showed a steep decline in US services PMI during May. European data also showed an unexpected tumble in German factory orders in April, renewing concerns about the health of the euro zone's largest economy. It'll depend on upcoming inflation data now which will decide the path forward for monetary policies in both the US and Europe and will determine the likely path ahead for growth in both regions. API The American Petroleum Institute will release initial data on US crude stocks today, with analysts expecting the second weekly buildup in a row.
### Response:
YES
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YES
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Oil backs off five-week high on economic concernsOil prices fell in European trade for the first session in four off five-week high on profit-taking, and amid renewed concerns about the global economy's weakness and its impact on fuel demand. Such decline comes ahead of initial US inventory data later today from the American Petroleum Institute. Global Oil Prices US crude fell 2.5% to $70.17 a barrel, with a session-high at $71.99, while Brent tumbled 2.2% to $74.76 a barrel, with a session-high at $76.58. US crude rose 0.2% on Monday, the third profit in a row, marking a five-week high at $74.92, while Brent added 0.5% to $78.68 a barrel, the highest since May 2. Global oil prices surged after Saudi Arabia announced a voluntary production cut by a million bpd for a month in July. Economic Cocnerns Latest US data showed a steep decline in US services PMI during May. European data also showed an unexpected tumble in German factory orders in April, renewing concerns about the health of the euro zone's largest economy. It'll depend on upcoming inflation data now which will decide the path forward for monetary policies in both the US and Europe and will determine the likely path ahead for growth in both regions. API The American Petroleum Institute will release initial data on US crude stocks today, with analysts expecting the second weekly buildup in a row.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper loses momentum amid economic concerns and technical signalsCopper prices stalled on Tuesday on continuous concerns about economic growth following weak US and European data. Copper three-month futures at the London Metals Exchange fell 0.7% to $8281 a tone after a 1.2% surge on Monday. SaxoBank's analysts in Copenhagen said that recent weak US data indicates the US economy is finally showing signs of weakness, in turn impacting demand on industrial metals. Recent US services data showed a very timid growth in May as new orders slowed down sharply. Short sellers benefited highly from the weaker copper prices at the London Exchange, with prices failing to pierce the 200-day SMA technical resistance. In Shanghai, copper prices hit four-week highs amid some hopes for China to launch fresh stimulus measures. Copper July futures at the Shanghai Futures closed 0.7% higher at 66,450 yuan a tone. As for other metals aluminium prices fell 1% at the London Exchange to $2221 a tone, while nickel rose 1.4% to $21,195, as Zinc rose 0.3% to $2295, while lead rose 0.3% to $2,033, as tin rose 0.9% to $25,795. Otherwise, the dollar index rose 0.2% as of 15:54 GMT to 104.2, with a session-high at 104.3, and a low at 103.8. Copper July futures in American trade fell 0.6% to $3.74 a pound as of 15:47 GMT.
### Response:
YES
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YES
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Copper loses momentum amid economic concerns and technical signalsCopper prices stalled on Tuesday on continuous concerns about economic growth following weak US and European data. Copper three-month futures at the London Metals Exchange fell 0.7% to $8281 a tone after a 1.2% surge on Monday. SaxoBank's analysts in Copenhagen said that recent weak US data indicates the US economy is finally showing signs of weakness, in turn impacting demand on industrial metals. Recent US services data showed a very timid growth in May as new orders slowed down sharply. Short sellers benefited highly from the weaker copper prices at the London Exchange, with prices failing to pierce the 200-day SMA technical resistance. In Shanghai, copper prices hit four-week highs amid some hopes for China to launch fresh stimulus measures. Copper July futures at the Shanghai Futures closed 0.7% higher at 66,450 yuan a tone. As for other metals aluminium prices fell 1% at the London Exchange to $2221 a tone, while nickel rose 1.4% to $21,195, as Zinc rose 0.3% to $2295, while lead rose 0.3% to $2,033, as tin rose 0.9% to $25,795. Otherwise, the dollar index rose 0.2% as of 15:54 GMT to 104.2, with a session-high at 104.3, and a low at 103.8. Copper July futures in American trade fell 0.6% to $3.74 a pound as of 15:47 GMT.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gold extends gains but still trades below $2,000Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious metal was still boosted by changing yields on US treasury yields. US two-year treasury yields rose by 7.5 points to 4.533%, while 10-year treasury yields rose 2.6 basis points to 3.714%, as 30-year treasury yields stabilized at 3.895%. There's no impactful US data released today, while Fed officials embark on their silent period ahead of the policy meeting. However markets are putting a 75.9% chance of no change in US monetary policies at the Fed's June meeting. However investors are looking forward for official clues on the path ahead for policies and interest rate moves in July. Allianz chieft economist Muhammad Al-Aryan said that while concerns about a US debt default have subsided, markets now are looking forward to the Fed's efforts to contain inflation. Despite risks surrounding high interest rates in the last 15 months, the tech sector was particularly brilliant amid the AI industry boom. Otherwise, the dollar index rose 0.2% as of 19:03 GMT to 104.2, with a session-high at 104.3, and a low at 103.8. On trading, gold spot prices rose 0.3%, or $6.30 as of 19:04 GMT to $1,980.5 an ounce.
### Response:
NO
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NO
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Gold extends gains but still trades below $2,000Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious metal was still boosted by changing yields on US treasury yields. US two-year treasury yields rose by 7.5 points to 4.533%, while 10-year treasury yields rose 2.6 basis points to 3.714%, as 30-year treasury yields stabilized at 3.895%. There's no impactful US data released today, while Fed officials embark on their silent period ahead of the policy meeting. However markets are putting a 75.9% chance of no change in US monetary policies at the Fed's June meeting. However investors are looking forward for official clues on the path ahead for policies and interest rate moves in July. Allianz chieft economist Muhammad Al-Aryan said that while concerns about a US debt default have subsided, markets now are looking forward to the Fed's efforts to contain inflation. Despite risks surrounding high interest rates in the last 15 months, the tech sector was particularly brilliant amid the AI industry boom. Otherwise, the dollar index rose 0.2% as of 19:03 GMT to 104.2, with a session-high at 104.3, and a low at 103.8. On trading, gold spot prices rose 0.3%, or $6.30 as of 19:04 GMT to $1,980.5 an ounce.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi saysTop crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday. Brent gained as much as $2.60 on Monday after Saudi Arabia, OPEC's de facto leader, said its output would drop by 1 million bpd to 9 million bpd in July. However, oil prices came off those gains to edge lower on Tuesday. 'We see average quarterly prices fairly range-bound for the year, averaging $81 for Brent in both H1 and H2 but with the potential to range between $72 and $90,' Citi said in the note. Citi analysts cited factors such as weaker demand and stronger non-OPEC supply by year-end, potential recessions in the U.S. and Europe, and lower growth in China which could see prices end up lower rather than higher this year and in 2024. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, currently has cuts of 3.66 million bpd in place, amounting to 3.6% of global demand, to limit supply into 2024 as the group seeks to boost flagging oil prices. But 'it would take surprisingly better coordinated action among OPEC+ producers to tighten markets... The likelihood that Saudi Arabia would tackle this on its own on a sustained basis is quite low,' Citi said. Citi said if Saudi Arabia kept production at 9 million bpd throughout the third quarter of this year, the deficit during the period would widen to above 1 million bpd and leave global oil markets finely balanced in 2023 - however, markets would still face a large surplus in 2024. Other analysts said a global shortfall in supply is set to deepen in the third quarter following the kingdom's output cuts and could push Brent towards $100 a barrel by year-end. (Reporting by Kavya Guduru in Bengaluru; editing by Jason Neely)
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YES
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YES
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Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi saysTop crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday. Brent gained as much as $2.60 on Monday after Saudi Arabia, OPEC's de facto leader, said its output would drop by 1 million bpd to 9 million bpd in July. However, oil prices came off those gains to edge lower on Tuesday. 'We see average quarterly prices fairly range-bound for the year, averaging $81 for Brent in both H1 and H2 but with the potential to range between $72 and $90,' Citi said in the note. Citi analysts cited factors such as weaker demand and stronger non-OPEC supply by year-end, potential recessions in the U.S. and Europe, and lower growth in China which could see prices end up lower rather than higher this year and in 2024. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, currently has cuts of 3.66 million bpd in place, amounting to 3.6% of global demand, to limit supply into 2024 as the group seeks to boost flagging oil prices. But 'it would take surprisingly better coordinated action among OPEC+ producers to tighten markets... The likelihood that Saudi Arabia would tackle this on its own on a sustained basis is quite low,' Citi said. Citi said if Saudi Arabia kept production at 9 million bpd throughout the third quarter of this year, the deficit during the period would widen to above 1 million bpd and leave global oil markets finely balanced in 2023 - however, markets would still face a large surplus in 2024. Other analysts said a global shortfall in supply is set to deepen in the third quarter following the kingdom's output cuts and could push Brent towards $100 a barrel by year-end. (Reporting by Kavya Guduru in Bengaluru; editing by Jason Neely)
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper outlook dim despite prices rebounding from 6-month lowThough copper prices have rebounded by 5.5 per cent from a six-month low of $7,899 a tonne, copper outlook for 2023 is tinged with skepticism. Copper had dropped to a six-month low on May 24 before climbing its way up to $8,335 on the London Metal Exchange (LME) on Monday.Two weeks ago, Goldman Sachs cut its copper price forecast to $8,698 from $9,750 amid slowdown in manufacturing in western nations. The metal’s prices “reflect the global recession,” it said. Goldman’s views came just ahead of the red metal’s decline to its lowest in six months. Citibank sees copper prices dropping to $8,000 in three months. Last week, China metal information network Antaike said copper prices are set to fall to $7,000 in the second half of 2023 due to slack demand growth, rising recession risks. Except for air conditioners and solar power, demand in all sectors are subdued, it said ING Think, the financial and economic analysis wing of Dutch multinational financial services firm ING, said one reason for copper’s decline is that the Chinese demand recovery continues to disappoint. “Rising exchange inventories will also not be helping — LME stocks have almost doubled in the past month… Clearly, concerns over a tight copper market are disappearing,” it said.Besides, the latest monthly update from the International Copper Study Group (ICSG) shows that the global copper market remained almost balanced with a marginal surplus of 2,000 tonnes in March. “As a result, the ICSG estimates an apparent surplus of 3,32,000 tonnes in the first quarter of the year, up from a marginal surplus of 8,000 tonnes during the same period last year,” ING Think said. Global mine and refined copper production increased by 2.2 per cent year-on-year (y-o-y) and 7.5 per cent y-o-y respectively, while overall apparent refined demand increased by 2.3 per cent y-o-y in the first quarter, it said.Research agency BMI, a unit of Fitch Solutions, said copper is being pressured from multiple angles. “On the one hand, there is weak Mainland Chinese physical demand as well as poor speculative demand. On the other hand, there is the alleviation of supply issues in key producing nations in Latin America,” it said. This has led to a sharp rise in inventories, with LME copper inventories hovering around an annual high of 96,400 tonnes on May 24, up from the year-to-date low of 34,400 seen on April 5, BMI said.Earlier this year, commodities trading giant Trafigura said copper prices could hit record highs in 12 months, citing a rebound in the Chinese economy and supply shortages. Kostas Bintas, co-head of Trafigura’s metals and minerals division, said prices could rise to an all-time high of $10,845 and could even exceed $12,000. The projections are based on the demand for copper to meet net-zero emissions by 2050. BloombergNEF has predicted that demand for copper will grow by 53 per cent by 2040, but mine supply will only increase by 16 per cent.Goldman Sachs said it still expects its 12-month price target of $10,000/mt for copper to “eventually materialise”. Comments
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YES
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YES
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Copper outlook dim despite prices rebounding from 6-month lowThough copper prices have rebounded by 5.5 per cent from a six-month low of $7,899 a tonne, copper outlook for 2023 is tinged with skepticism. Copper had dropped to a six-month low on May 24 before climbing its way up to $8,335 on the London Metal Exchange (LME) on Monday.Two weeks ago, Goldman Sachs cut its copper price forecast to $8,698 from $9,750 amid slowdown in manufacturing in western nations. The metal’s prices “reflect the global recession,” it said. Goldman’s views came just ahead of the red metal’s decline to its lowest in six months. Citibank sees copper prices dropping to $8,000 in three months. Last week, China metal information network Antaike said copper prices are set to fall to $7,000 in the second half of 2023 due to slack demand growth, rising recession risks. Except for air conditioners and solar power, demand in all sectors are subdued, it said ING Think, the financial and economic analysis wing of Dutch multinational financial services firm ING, said one reason for copper’s decline is that the Chinese demand recovery continues to disappoint. “Rising exchange inventories will also not be helping — LME stocks have almost doubled in the past month… Clearly, concerns over a tight copper market are disappearing,” it said.Besides, the latest monthly update from the International Copper Study Group (ICSG) shows that the global copper market remained almost balanced with a marginal surplus of 2,000 tonnes in March. “As a result, the ICSG estimates an apparent surplus of 3,32,000 tonnes in the first quarter of the year, up from a marginal surplus of 8,000 tonnes during the same period last year,” ING Think said. Global mine and refined copper production increased by 2.2 per cent year-on-year (y-o-y) and 7.5 per cent y-o-y respectively, while overall apparent refined demand increased by 2.3 per cent y-o-y in the first quarter, it said.Research agency BMI, a unit of Fitch Solutions, said copper is being pressured from multiple angles. “On the one hand, there is weak Mainland Chinese physical demand as well as poor speculative demand. On the other hand, there is the alleviation of supply issues in key producing nations in Latin America,” it said. This has led to a sharp rise in inventories, with LME copper inventories hovering around an annual high of 96,400 tonnes on May 24, up from the year-to-date low of 34,400 seen on April 5, BMI said.Earlier this year, commodities trading giant Trafigura said copper prices could hit record highs in 12 months, citing a rebound in the Chinese economy and supply shortages. Kostas Bintas, co-head of Trafigura’s metals and minerals division, said prices could rise to an all-time high of $10,845 and could even exceed $12,000. The projections are based on the demand for copper to meet net-zero emissions by 2050. BloombergNEF has predicted that demand for copper will grow by 53 per cent by 2040, but mine supply will only increase by 16 per cent.Goldman Sachs said it still expects its 12-month price target of $10,000/mt for copper to “eventually materialise”. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
PPG Sets Science-Based 2030 Decarbonization TargetsPPG announced its near-term 2030 sustainability goals, including greenhouse gas (GHG) emissions targets that have been validated by the Science Based Targets initiative (SBTi). The company also marked strong progress against its environmental, social, and governance (ESG) priorities, reporting increased sales of sustainably advantaged products, more efficient operations, strong momentum towards achieving diversity, equity and inclusion goals, greater supplier sustainability, and strengthened support within communities where the company operates.
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NO
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NO
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PPG Sets Science-Based 2030 Decarbonization TargetsPPG announced its near-term 2030 sustainability goals, including greenhouse gas (GHG) emissions targets that have been validated by the Science Based Targets initiative (SBTi). The company also marked strong progress against its environmental, social, and governance (ESG) priorities, reporting increased sales of sustainably advantaged products, more efficient operations, strong momentum towards achieving diversity, equity and inclusion goals, greater supplier sustainability, and strengthened support within communities where the company operates.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Iran reports major surge in domestic use of steel Iran used 22% more of its domestically-produced steel year on year in the two months to late May. Iran’s consumption of steel has increased significantly in the two month to late May compared to the same period last year amid a surge in demand for domestically-produced steel in the country’s manufacturing sector. A Monday report by the IRIB News cited figures from Iranian Steel Producers Association (ISPA) showing that Iranian customers had purchased some 2.432 million metric tons (mt) of semi-finished steel, or ingots, produced in the country in the two months to May 21. The figure was an increase of 22% compared to the April-May 2022, said the report, adding that total steel ingots produced in Iran in the two months to late May had reached nearly 3 million mt. Consumption of other steel and iron products produced by Iranian still mills also increased over April-March this year. Some 3.357 million mt of the domestically-produced sponge iron, also known as direct reduced iron, were supplied to Iranian customers over the two months to late May, up 4% year on year. Long steel supply to Iranian manufacturers rose by 2% year on year in April-May to reach 0.823 million mt from the total domestic output of 0.99 million mt reported over the period, showed the ISPA figures. Steel products consumption in Iran remained almost flat in the two months to late May compared to the same period last year at 1.686 million mt, showed the figures. The figures come amid reports suggesting that Iranian carmakers have increased their purchases of steel from domestic companies as they plan to reach record output levels. Iran is the 10th largest producer of steel in the world. The country has seen a surge in its production and exports of steel in recent years, mainly because of increased government support for the sector, which has been a response to US sanctions on the country’s oil exports. ISPA figures published in mid-May had showed that total production of steel in Iran had risen by 1% year on year in April.
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YES
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YES
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Iran reports major surge in domestic use of steel Iran used 22% more of its domestically-produced steel year on year in the two months to late May. Iran’s consumption of steel has increased significantly in the two month to late May compared to the same period last year amid a surge in demand for domestically-produced steel in the country’s manufacturing sector. A Monday report by the IRIB News cited figures from Iranian Steel Producers Association (ISPA) showing that Iranian customers had purchased some 2.432 million metric tons (mt) of semi-finished steel, or ingots, produced in the country in the two months to May 21. The figure was an increase of 22% compared to the April-May 2022, said the report, adding that total steel ingots produced in Iran in the two months to late May had reached nearly 3 million mt. Consumption of other steel and iron products produced by Iranian still mills also increased over April-March this year. Some 3.357 million mt of the domestically-produced sponge iron, also known as direct reduced iron, were supplied to Iranian customers over the two months to late May, up 4% year on year. Long steel supply to Iranian manufacturers rose by 2% year on year in April-May to reach 0.823 million mt from the total domestic output of 0.99 million mt reported over the period, showed the ISPA figures. Steel products consumption in Iran remained almost flat in the two months to late May compared to the same period last year at 1.686 million mt, showed the figures. The figures come amid reports suggesting that Iranian carmakers have increased their purchases of steel from domestic companies as they plan to reach record output levels. Iran is the 10th largest producer of steel in the world. The country has seen a surge in its production and exports of steel in recent years, mainly because of increased government support for the sector, which has been a response to US sanctions on the country’s oil exports. ISPA figures published in mid-May had showed that total production of steel in Iran had risen by 1% year on year in April.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Saudi Arabia raises July crude price for Asia to 6-month highSaudi Arabia, the world’s top oil exporter, raised the prices of its flagship crude Arab Light to Asian buyers in July to a six-month high, following its pledge on Sunday to make a deep cut to its production next month.
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YES
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YES
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Saudi Arabia raises July crude price for Asia to 6-month highSaudi Arabia, the world’s top oil exporter, raised the prices of its flagship crude Arab Light to Asian buyers in July to a six-month high, following its pledge on Sunday to make a deep cut to its production next month.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India will not face any shortage of coal this year: Coal Minister Pralhad JoshiIndia will not face any shortage of coal this year: Coal Minister Pralhad Joshi India will not face any shortage of coal this year even during the monsoon, Coal and Mines Minister Pralhad Joshi said on Tuesday. No matter what is the demand this year, the government is prepared to meet the same, the minister said at a conference on underground coal mining here. 'I assure the country on behalf of Coal India and the coal ministry that there will not be any shortage of coal even in the monsoon this time,' he said. The preparation is good and it is 'our responsibility' to meet the entire demand this year, Joshi said. Speaking to PTI on the sidelines of the event, the minister said while 35 million tonne (MT) coal is at thermal power plants, 65 MT is lying at pit heads of Coal India and private miners and another 10-12 MT is in various stages of transportation. On the movement of coal through rakes, Joshi said the ministry is working in close coordination with Railways for movement of the dry fuel from pit heads to locations. Earlier, the minister also unveiled Coal India's 'UG Vision Plan', which is a roadmap for achieving 100 MT production from CIL's underground mines by FY 2028. At present, Coal India produces around 28 MT coal from underground mines. Its subsidiary South Eastern Coalfields Ltd (SECL) alone contributes 11.5 MT coal from its 45 underground mines, Sanish Chandra, an official of SECL said. Read More
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NO
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NO
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India will not face any shortage of coal this year: Coal Minister Pralhad JoshiIndia will not face any shortage of coal this year: Coal Minister Pralhad Joshi India will not face any shortage of coal this year even during the monsoon, Coal and Mines Minister Pralhad Joshi said on Tuesday. No matter what is the demand this year, the government is prepared to meet the same, the minister said at a conference on underground coal mining here. 'I assure the country on behalf of Coal India and the coal ministry that there will not be any shortage of coal even in the monsoon this time,' he said. The preparation is good and it is 'our responsibility' to meet the entire demand this year, Joshi said. Speaking to PTI on the sidelines of the event, the minister said while 35 million tonne (MT) coal is at thermal power plants, 65 MT is lying at pit heads of Coal India and private miners and another 10-12 MT is in various stages of transportation. On the movement of coal through rakes, Joshi said the ministry is working in close coordination with Railways for movement of the dry fuel from pit heads to locations. Earlier, the minister also unveiled Coal India's 'UG Vision Plan', which is a roadmap for achieving 100 MT production from CIL's underground mines by FY 2028. At present, Coal India produces around 28 MT coal from underground mines. Its subsidiary South Eastern Coalfields Ltd (SECL) alone contributes 11.5 MT coal from its 45 underground mines, Sanish Chandra, an official of SECL said. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Crude oil lower; global growth concerns outweigh Saudi newsBoth benchmarks soared as much as 3% on Monday after Saudi Arabia, the world's top exporter, said at the weekend its output would drop by one million barrels per day in July in an attempt to boost crude prices.Saudi Arabia followed up Tuesday by increasing its export prices for all regions for July, selling its Arab Light crude for buyers in the crucial Asian region at a $3 a barrel premium, an increase of around 45 cents a barrel compared with June.“The hike in premium comes as a surprise considering ongoing demand concerns and that Saudi Arabia has been pushing for supply cuts to bring the oil market into balance,” according to analysts at ING, in a note.Any enthusiasm generated by the Saudi move has quickly worn off as traders worried about weaker demand, given the potential of recessions in the U.S. and Europe, and lower growth in China.Data released earlier Tuesday showed that German factory orders unexpectedly fell in April, illustrating the difficulties Europe’s largest economy is having after it endured the first recession since the pandemic over the winter. Weak U.S. services data, released Monday, also raised further concerns about a slowdown in the world’s largest consumer.Additionally, both the Federal Reserve and the European Central Bank meet next week and could hike interest rates once more as inflation remains an issue, further depressing economic activity.The American Petroleum Institute, an industry body, releases its estimate of last week’s U.S. crude stocks later in the session, as a precursor to the official data from the Energy Information Administration on Wednesday.China's May trade data on Wednesday will also give fresh demand indications for the world's second-largest oil consumer.
### Response:
YES
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YES
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Crude oil lower; global growth concerns outweigh Saudi newsBoth benchmarks soared as much as 3% on Monday after Saudi Arabia, the world's top exporter, said at the weekend its output would drop by one million barrels per day in July in an attempt to boost crude prices.Saudi Arabia followed up Tuesday by increasing its export prices for all regions for July, selling its Arab Light crude for buyers in the crucial Asian region at a $3 a barrel premium, an increase of around 45 cents a barrel compared with June.“The hike in premium comes as a surprise considering ongoing demand concerns and that Saudi Arabia has been pushing for supply cuts to bring the oil market into balance,” according to analysts at ING, in a note.Any enthusiasm generated by the Saudi move has quickly worn off as traders worried about weaker demand, given the potential of recessions in the U.S. and Europe, and lower growth in China.Data released earlier Tuesday showed that German factory orders unexpectedly fell in April, illustrating the difficulties Europe’s largest economy is having after it endured the first recession since the pandemic over the winter. Weak U.S. services data, released Monday, also raised further concerns about a slowdown in the world’s largest consumer.Additionally, both the Federal Reserve and the European Central Bank meet next week and could hike interest rates once more as inflation remains an issue, further depressing economic activity.The American Petroleum Institute, an industry body, releases its estimate of last week’s U.S. crude stocks later in the session, as a precursor to the official data from the Energy Information Administration on Wednesday.China's May trade data on Wednesday will also give fresh demand indications for the world's second-largest oil consumer.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
EU milk price correction has 'now passed' - RabobankThe “significant correction” in milk prices in the European Union has now passed, according to a new report from Rabobank today (Tuesday, June 6). The bank said that most dairy companies in milk producing countries lowered their base price in April to “near 45/100 kg or lower” “In the months ahead we expect more modest revisions in pay-out prices. “The provisional EU-27 farmgate milk price for April is estimated at 48.84/100kg – which is still 5.6% higher than April 2022, ” Rabobank stated in the report. Agriland‘s latest milk price tracker, produced in association with the Irish Creamery Milk Suppliers’ Association (ICMSA), also showed that the downward trend in milk prices in Ireland continued in April. This was in line with dairy commodity prices in the European Union (EU) which dropped from early March to mid May. According to the latest Rabobank Global Dairy Quarterly report at the peak of the spring flush, spot dairy commodity prices remained stable or modestly increased. “At the same time consumer data indicated a less positive market signal as market volumes were under inflationary pressure. “From a bullish perspective the start of the spring flush was negatively impacted by poor weather conditions across Europe,” the bank stated.One key trend identified in the latest report is that while dairy farmers in the EU have experienced lower milk prices this has not led to a reduction in milk production levels. “It is likely that milk supply growth will hinge on a possible drought in northwest Europe. “If a drought materialises farmers will face roughage shortages and or additional costs to purchase feed,” Rabobank warned. The latest Rabobank report also outlined that EU27 and UK milk deliveries were up 0.6% year on year in quarter one this year – this is lower than the previously anticipated 1.2%. “Milk volumes declined especially in France by 1.7%, Italy by 3% and Spain by 1.4% due to drought condition. “At the same time these countries experience lower margin gains throughout last year,” the bank stated. However it has revised its outlook for EU quarter two milk deliveries to 0.5% year on year – previously it was 1.2%.“North west Europe experienced a late start to the pasture season but year on year comparisons remain weak,” the bank stated. For quarter three it also expects milk deliveries in the EU to remain flat year on year before declining in quarter four this year. Meanwhile Rabobank said that while global milk production is still rising it is “losing momentum” and this in turn could stabilise global market prices. Andrés Padilla, senior analyst dairy with Rabobank said: “Some price deflation in dairy could help sustain demand levels in key markets during the second half of 2023.” According to the bank the cumulative effects of high food inflation over the past 24 months and slowing economies this year has translated into “lower dairy demand” on a global stage. It also noted that food price inflation continues to be a major factor for European consumers and that “negative year on year retail volumes” confirm that demand remains a concern.
### Response:
NO
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NO
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EU milk price correction has 'now passed' - RabobankThe “significant correction” in milk prices in the European Union has now passed, according to a new report from Rabobank today (Tuesday, June 6). The bank said that most dairy companies in milk producing countries lowered their base price in April to “near 45/100 kg or lower” “In the months ahead we expect more modest revisions in pay-out prices. “The provisional EU-27 farmgate milk price for April is estimated at 48.84/100kg – which is still 5.6% higher than April 2022, ” Rabobank stated in the report. Agriland‘s latest milk price tracker, produced in association with the Irish Creamery Milk Suppliers’ Association (ICMSA), also showed that the downward trend in milk prices in Ireland continued in April. This was in line with dairy commodity prices in the European Union (EU) which dropped from early March to mid May. According to the latest Rabobank Global Dairy Quarterly report at the peak of the spring flush, spot dairy commodity prices remained stable or modestly increased. “At the same time consumer data indicated a less positive market signal as market volumes were under inflationary pressure. “From a bullish perspective the start of the spring flush was negatively impacted by poor weather conditions across Europe,” the bank stated.One key trend identified in the latest report is that while dairy farmers in the EU have experienced lower milk prices this has not led to a reduction in milk production levels. “It is likely that milk supply growth will hinge on a possible drought in northwest Europe. “If a drought materialises farmers will face roughage shortages and or additional costs to purchase feed,” Rabobank warned. The latest Rabobank report also outlined that EU27 and UK milk deliveries were up 0.6% year on year in quarter one this year – this is lower than the previously anticipated 1.2%. “Milk volumes declined especially in France by 1.7%, Italy by 3% and Spain by 1.4% due to drought condition. “At the same time these countries experience lower margin gains throughout last year,” the bank stated. However it has revised its outlook for EU quarter two milk deliveries to 0.5% year on year – previously it was 1.2%.“North west Europe experienced a late start to the pasture season but year on year comparisons remain weak,” the bank stated. For quarter three it also expects milk deliveries in the EU to remain flat year on year before declining in quarter four this year. Meanwhile Rabobank said that while global milk production is still rising it is “losing momentum” and this in turn could stabilise global market prices. Andrés Padilla, senior analyst dairy with Rabobank said: “Some price deflation in dairy could help sustain demand levels in key markets during the second half of 2023.” According to the bank the cumulative effects of high food inflation over the past 24 months and slowing economies this year has translated into “lower dairy demand” on a global stage. It also noted that food price inflation continues to be a major factor for European consumers and that “negative year on year retail volumes” confirm that demand remains a concern.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
‘We need to protect food self-sufficiency, price support to farmers’Agricultural economists have called for protection of country’s food self-sufficiency and price support system for farmers.Addressing a conference on the theme ‘National Agricultural Policy under Changing global Relations and Climate’ here on Tuesday, economist Prabhat Panaik cited the example of some African countries where food self-sufficiency was abandoned.“Once this happens, the maintenance of a public distribution system becomes difficult. In India, the Narendra Modi government tried to give up the system of price support for foodgrains,” he said.This would have made the peasants move away from growing foodgrains towards growing cash crops that appear immediately lucrative until their prices crash. This, in turn, would have undermined the country’s food self-sufficiency. “It would also have made the maintenance of a public distribution system impossible. But the massive resistance of the farmers prevented this from happening,” he said.The fifth Aribandi Laxminarayana Memorial Lecture was organised by Telangana Rythu Sangham and Aribandi Foundation.Agricultural economist Aldas Janaiah (Prof. Jaishankar Telangana State Agricultural University) said that there was no major policy push to agricultural sector after 1990. “The country made good policy interventions for the first 30-40 years after the Independence and helped the country achieve food self-sufficiency. But after that there is no major policy push in this sector,” he said.“We have a lot of surplus in food production but there is no strategy to capitalise on it. We are exporting paddy but since there’s no prior planning, we are not able to reap good returns,” he said.Stating that the country couldn’t afford to compromise on food self-sufficiency, he said food security was part of national sovereignty. Comments
### Response:
YES
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YES
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‘We need to protect food self-sufficiency, price support to farmers’Agricultural economists have called for protection of country’s food self-sufficiency and price support system for farmers.Addressing a conference on the theme ‘National Agricultural Policy under Changing global Relations and Climate’ here on Tuesday, economist Prabhat Panaik cited the example of some African countries where food self-sufficiency was abandoned.“Once this happens, the maintenance of a public distribution system becomes difficult. In India, the Narendra Modi government tried to give up the system of price support for foodgrains,” he said.This would have made the peasants move away from growing foodgrains towards growing cash crops that appear immediately lucrative until their prices crash. This, in turn, would have undermined the country’s food self-sufficiency. “It would also have made the maintenance of a public distribution system impossible. But the massive resistance of the farmers prevented this from happening,” he said.The fifth Aribandi Laxminarayana Memorial Lecture was organised by Telangana Rythu Sangham and Aribandi Foundation.Agricultural economist Aldas Janaiah (Prof. Jaishankar Telangana State Agricultural University) said that there was no major policy push to agricultural sector after 1990. “The country made good policy interventions for the first 30-40 years after the Independence and helped the country achieve food self-sufficiency. But after that there is no major policy push in this sector,” he said.“We have a lot of surplus in food production but there is no strategy to capitalise on it. We are exporting paddy but since there’s no prior planning, we are not able to reap good returns,” he said.Stating that the country couldn’t afford to compromise on food self-sufficiency, he said food security was part of national sovereignty. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Russia replaces Middle East as India’s largest crude oil supplier in May Russia has become India’s largest crude oil supplier, with 1.96 million barrels per day (mb/d), of the key commodity surpassing the traditional trading bloc, Middle East, for the first time in May this year. The Middle Eastern nations — Iraq, Saudi Arabia, the UAE, Kuwait, Oman and Qatar — cumulatively supplied the world’s third largest energy consumer with around 1.81 mb/d last month, data provided by the energy intelligence firm, Vortexa showed. “Russia has surpassed the cumulative share of Middle Eastern suppliers for the first time in May, and could remain the top supplier for a while,” Vortexa’s Head of APAC Analysis, Serena Huang told businessline. Russian Urals crude is priced more attractively than the conventional Middle Eastern or Atlantic Basin grades, which continue to be a strong appeal for Indian refiners, she added. The Middle East accounted for 69 per cent share of India’s total crude oil imports in April 2022, which declined to 44 per cent during April 2023. This share has gone further down during May 2023. During May 2023, Russia remained India’s top crude oil supplier for the sixth consecutive month, compared with Iraq at 839,000 barrels per day (b/d), Saudi Arabia (560,000 b/d), the UAE (203,000 b/d), Kuwait (168,000 b/d), Oman (22,000 b/d) and Qatar (14,000 b/d). When asked about Middle East’s response to losing barrels to Russia, Huang said, “India’s imports of Iraqi crude have been kept relatively flat in May. Lower imports of Saudi Arabia crude by India has been compensated by higher imports into Japan, Malaysia and Taiwan among other countries.” During May, India’s crude oil imports from Russia were largely of the Ural grade. India imported 1.4 mb/d of the Ural grade during May 2023, followed by ESPO blend (193,000 b/d), Sokol (187,000 b/d), Varandey (155,000 b/d) and Siberian Light (25,000 b/d).The share of private refiners, Reliance Industries (RIL) and Nayara Energy, fell to 40 per cent in May from 46 per cent of the total imports from Russia in April 2023. In March, private refiners accounted for around 50 per cent of the total in-bound shipments of the key commodity. This has been attributed to the decline in exports of refined petroleum products, particularly diesel to Europe due to lower demand. However, trade sources expect the exports to appreciate in the second half of the 2023 calendar year. When asked whether Russia’s share in India’s crude oil imports will stabilise at around 1.7-2 mb/d, Vortexa’s Huang said, “India’s imports of Russian crude continue to test new highs, reaching almost 2 mb/d in May. Refiners have tested and gained confidence in processing Russian crude. But their voracious appetite for Russian crude can only grow as much as they have room to back off spot crude purchases.” Comments
### Response:
YES
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YES
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Russia replaces Middle East as India’s largest crude oil supplier in May Russia has become India’s largest crude oil supplier, with 1.96 million barrels per day (mb/d), of the key commodity surpassing the traditional trading bloc, Middle East, for the first time in May this year. The Middle Eastern nations — Iraq, Saudi Arabia, the UAE, Kuwait, Oman and Qatar — cumulatively supplied the world’s third largest energy consumer with around 1.81 mb/d last month, data provided by the energy intelligence firm, Vortexa showed. “Russia has surpassed the cumulative share of Middle Eastern suppliers for the first time in May, and could remain the top supplier for a while,” Vortexa’s Head of APAC Analysis, Serena Huang told businessline. Russian Urals crude is priced more attractively than the conventional Middle Eastern or Atlantic Basin grades, which continue to be a strong appeal for Indian refiners, she added. The Middle East accounted for 69 per cent share of India’s total crude oil imports in April 2022, which declined to 44 per cent during April 2023. This share has gone further down during May 2023. During May 2023, Russia remained India’s top crude oil supplier for the sixth consecutive month, compared with Iraq at 839,000 barrels per day (b/d), Saudi Arabia (560,000 b/d), the UAE (203,000 b/d), Kuwait (168,000 b/d), Oman (22,000 b/d) and Qatar (14,000 b/d). When asked about Middle East’s response to losing barrels to Russia, Huang said, “India’s imports of Iraqi crude have been kept relatively flat in May. Lower imports of Saudi Arabia crude by India has been compensated by higher imports into Japan, Malaysia and Taiwan among other countries.” During May, India’s crude oil imports from Russia were largely of the Ural grade. India imported 1.4 mb/d of the Ural grade during May 2023, followed by ESPO blend (193,000 b/d), Sokol (187,000 b/d), Varandey (155,000 b/d) and Siberian Light (25,000 b/d).The share of private refiners, Reliance Industries (RIL) and Nayara Energy, fell to 40 per cent in May from 46 per cent of the total imports from Russia in April 2023. In March, private refiners accounted for around 50 per cent of the total in-bound shipments of the key commodity. This has been attributed to the decline in exports of refined petroleum products, particularly diesel to Europe due to lower demand. However, trade sources expect the exports to appreciate in the second half of the 2023 calendar year. When asked whether Russia’s share in India’s crude oil imports will stabilise at around 1.7-2 mb/d, Vortexa’s Huang said, “India’s imports of Russian crude continue to test new highs, reaching almost 2 mb/d in May. Refiners have tested and gained confidence in processing Russian crude. But their voracious appetite for Russian crude can only grow as much as they have room to back off spot crude purchases.” Comments
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