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Arbitrage Opportunities Persist into US Renewables Market

Alexandra Watts | 07.27.2023

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The Australian market was flat with last week’s report, but there are indications starting to come in of lower prices for both domestic and export tied to shipping delays into Singapore. Sources have indicated that some push back on material has boosted supply in the market, and prices are starting to come under pressure. Indications were as low as US$1100/mt for max 4% BFT, but those values could not be verified by the time of publication. Cattle slaughter remains strong in Australia with the MLA estimating last week’s national slaughter at 120,351 head. New Zealand prices moved lower this week on pressure from nearby oversupply tied to shipping issues, and there were suggestions that a trend of lower prices may continue for the short term.

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Pasture, range conditions
The national...

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Arbitrage Opportunities Persist into US Renewables Market

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