KeyBanc Capital Markets analyst John Vinh said expectations for a seasonal recovery
in the second half of the year have fallen given the weak macro environment and worse-than-expected inventory correction.
The slide was mainly driven by palm oil, whose price dropped to a 5-month low, reflecting a seasonal recovery
in production in Southeast Asia combined with subdued global import demand.
Vegetable oil prices defied the upward trend to slip 0.8 percent, led by palm oil, which saw subdued global import demand and a seasonal recovery
in production in Indonesia and Malaysia.
The researchers found that this movement led to a drop in precipitation, which, when coupled with additional warming caused by rapid ice loss, saw a sharp decline in the local glaciers, with no seasonal recovery
Strong sequential operating income improvement was driven by seasonal recovery
in the North Sea and Russia as well as improved activity in Latin America and Asia.
in cement demand is still not evident as total dispatches seem to be constant repeatedly.