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Paraguay, Argentina extend Km 171 fuel shipping
Paraguay, Argentina extend Km 171 fuel shipping
Sao Paulo, 8 July (Argus) — Paraguay's national directorate of tax revenue DNIT and Argentina's customs revenue and control agency Arca extended operations at the transshipment zone at the Km 171 mark in the Parana Guazu River for an additional 10 months. The announcement, shared by DNIT head Oscar Orue on social media, comes after days of tension sparked by Argentina's earlier decision to suspend operations at the site, citing a lack of formal port authorization. Argentina's decision was criticized by Paraguayan authorities and industry groups last week , who warned of potential fuel supply disruptions and increased logistics costs. Km 171 is a critical hub for ship-to-barge transfers of oil products such as diesel and naphtha for landlocked Paraguay, which relies heavily on river transport for fuel imports. While the new agreement ensures continued operations in the short term, it remains unclear whether the 10-month extension will serve as a transitional period for negotiations toward a permanent solution. By Flavia Alemi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US to impose 50pc tariff on copper imports
US to impose 50pc tariff on copper imports
Houston, 8 July (Argus) — US President Donald Trump said today the US will impose a 50pc tariff on copper imports, with implementation expected by the end of July or early August. During a cabinet meeting on Tuesday, Trump listed a number of tariffs he has imposed since taking office, saying "today we're doing copper" with a 50pc rate. In a broadcast interview with CNBC, commerce secretary Howard Lutnick said the tariff would likely be put in place by the end of July or 1 August. Following Trump's announcement, the next active Comex (CME) price rose to a record high of $5.6855/lb, a $0.6595/lb or 13pc increase from $5.026/lb on Monday. The last record was set 26 March at $5.243/lb. Copper and its derivatives have been exempt from added US tariffs , as the Department of Commerce conducts its Section 232 investigation into copper imports . Determinations from the probe were expected by the end of November, but Lutnick said in the broadcast interview today the US was done with the study. The US imported 1.7mn metric tonnes (t) of copper and its derivatives in 2024, according to customs data. By Reagan Patrowicz Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Immigration raids pressure south Texas scrap flows
Immigration raids pressure south Texas scrap flows
Houston, 8 July (Argus) — South Texas ferrous scrap yards are facing inflow headwinds as increased efforts by US immigration officials to detain and deport non-citizens affect peddler traffic and the labor force. Several market participants speaking to Argus on condition of anonymity have reported a steep decrease in scrap inflows along the US-Mexico border in Texas since the start of President Donald Trump's second term in mid-January due to raids by US Immigration and Customs Enforcement (ICE) agents. Sources surveyed by Argus estimated a 25-50pc reduction in scrap being sold to yards in south Texas as a result of the raids, but they struggled to provide a more specific volume of scrap not delivered. Peddler traffic — scrap sold to yards by the public — accounts for a considerable percentage of material acquired by yards in the region, a market participant said. Sources said that many peddlers, as well as some workers at yards, are non-citizens and risk deportation if detained by ICE. The reduction in scrap flows is much larger than what would be seen from peddlers and yard workers who have been detained by ICE or the US Customs and Border Protection agency, they said, and is likely the result of a wider pull back from peddlers, nervous over the risk detention and deportation. Several yards reliant on peddler traffic or undocumented labor have shut in recent weeks, sources familiar with the matter said. ICE has been raiding communities along the border since early in the year when President Donald Trump started his second term. The recently-passed US budget bill allocated $45bn to, in part, hiring "thousands" of new ICE and Border Protection agents. It is unclear how much scrap is sold to US scrap yards by sellers who lack US citizenship, but continued pressure on those sellers and undocumented workers could cause supply tightness and labor shortages in south Texas yards. The monthly Texas ferrous scrap trade is expected to settle today, with several mills bidding all grades flat from June settlements. By Marialuisa Rincon Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
French diesel, HVO customs data mislabelled: Eurostat
French diesel, HVO customs data mislabelled: Eurostat
Barcelona, 8 July (Argus) — French firms have mislabelled imports of 10ppm diesel as hydrotreated vegetable oil (HVO) this year, following confusion over new customs codes, EU data service Eurostat has said. The confusion has come about after the introduction of a new import-export (CN) code for HVO that took effect at the start of 2025. Some French data will be restated. A diesel code of 27101943 was discontinued at the end of 2024 and was replaced by 27101944. A new CN code 27101942 for HVO was introduced. HVO is produced by treating vegetable oil with hydrogen, counts against biodiesel blend mandates, but is molecularly separate from biodiesel output by esterification. When customs data for 2025 began to be published at the end of the first quarter, France appeared to be importing large amounts of HVO from Saudi Arabia and the US. Cargoes from the former amounted to around 255,000t in the first quarter. Saudi Arabia has no HVO production known by Argus , nor does it re-export cargoes. It is France's largest diesel supplier. There were also 140,000t labelled as HVO from the US in January-March. But because the EU has anti-dumping and countervailing duties on US HVO imports, shipments of this size appeared questionable. The US is the second biggest diesel supplier to France. The mislabelling has made French and EU HVO traffic difficult to track. It has distorted French diesel import data , which show imports have fallen sharply. Argus first questioned the numbers in March when initial 2025 customs data were released. These queries were rebuffed, but after a follow up in May Eurostat said French customs had "confirmed that there has been an input error". New data will be supplied by France at an unspecified time this year, it said. By Adam Porter Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
DCPC - Argus Petrochemical Online Forum: The road ahead for Indian petrochemicals
DCPC - Argus Petrochemical Online Forum: The road ahead for Indian petrochemicals
Fueling the future: SAF pricing market insights, and outlook
Fueling the future: SAF pricing market insights, and outlook
Global Hydrogen Outlook 2025
Global Hydrogen Outlook 2025
Middle East Conflict – Energy Market Risks and Commodity Impacts
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