Market News

Commodity and industrial market news — prices, production, trade and regulation — with expert analysis

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| Energy & Fuels

Hedge Funds Build 177 Million Barrel Net Long in US Gasoline and Diesel

Money managers held a net long position of about 177 million barrels in the main gasoline and diesel contracts as of September 1, while staying slightly bearish on crude oil, according to Petrochemiha. US diesel has moved above $5.90 a gallon and gasoline above $4.15, with gasoline stocks at a critical level. Record diesel crack spreads and an approaching refinery maintenance season point to refining capacity, not crude supply, as the binding constraint.

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Daniel Brooks
Lead Energy Markets Analyst
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| Textiles & Consumer Goods

Russia's Sustainable Packaging Market Grows 12-15% a Year as Recycling Targets Tighten

Russia's market for paper, cardboard and recycled-content packaging was estimated at 120-200 billion rubles in 2025 and could reach 250-350 billion by 2030, implying annual growth of 12-15%. The main driver is regulation: the extended producer responsibility recycling target rose to 75% in 2026 and reaches 100% in 2027. Consumer willingness to pay lags far behind, with only 5% ready to pay extra for recyclable packaging.

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Charlotte Dubois
Senior Consumer Goods Analyst
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| Machinery & Automotive

Turkish-Egyptian HAMZA-1 drone enters commercial sales phase

HAVELSAN and Egypt’s Arab Organization for Industrialization have signed a sales agreement for the jointly produced HAMZA-1 autonomous drone. The deal advances the program from joint manufacturing to commercial deliveries for multiple users.

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Mei Tanaka
Senior Machinery & Automotive Analyst
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| Agriculture: Crops & Grains

Russian oat exports to Mongolia rise 3.6-fold in January-July

Russian oat exports to Mongolia increased 3.6-fold in January-July, Finmarket reported. The available report does not disclose shipment volume, value or the comparison-year base, limiting conclusions about the absolute scale of trade.

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Kevin O'Sullivan
Lead Electronics & Technology Analyst
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| Machinery & Automotive

Egypt in Talks to Join Turkey's KAAN Fifth-Generation Fighter Programme

Ankara and Cairo are exploring Egyptian participation in Turkey's KAAN fifth-generation fighter programme and the joint production options attached to it, according to a report by the US-based publication Al-Monitor. The discussions coincide with the 2nd El Alamein International Airshow, where TUSAŞ, ASELSAN and MKE are exhibiting. No contract, workshare or delivery schedule has been announced.

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Mei Tanaka
Senior Machinery & Automotive Analyst
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| Chemicals & Fertilizers

WO Trading challenges EU fertilizer tariffs over risks to Latvian farm costs

Latvian fertilizer supplier WO Trading has challenged higher EU duties on Russian and Belarusian goods before the Court of Justice of the European Union. The company argues that the tariffs could restrict mineral fertilizer supply, raise farm costs and weaken Latvian agricultural competitiveness.

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Katrin Vogel
Lead Chemicals & Fertilizers Analyst
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| Machinery & Automotive

Real-world plug-in hybrid emissions are six times official EU ratings

Plug-in hybrids registered in the EU in 2024 emitted an average of 145 g of CO2 per km in real-world driving, compared with an official rating of 24 g. The gap may affect the 2027 testing correction, automakers’ fleet compliance and the economics of plug-in hybrid sales.

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Henrik Johansson
Senior Machinery & Automotive Analyst
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| Agriculture: Crops & Grains

Polish farm-gate milk prices fall for 15 months as global dairy market weakens

Polish farm-gate milk prices have declined for 15 consecutive months, falling about 20% even as deliveries increased by roughly 2.5%. Lower exports and processor profits have intensified pressure, but strong investment and relatively low debt indicate that the dairy industry is not in a domestic crisis.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Agriculture: Crops & Grains

Mexican berry exports fall 12.7% as blueberries buck the decline

Mexico’s berry exports fell 12.7% to US$2.03 billion in the first half of 2026, led by a 29.8% decline in strawberries. Blueberries were the only growing category, while lower shipments may tighten strawberry availability for US buyers.

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Chen Wei
Metals & Mining Analyst
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