1. Major steel mills in Tangshan and some steel mills in Xingtai plan to raise prices by 50 yuan/ton for wet-quenched coke and 55 yuan/ton for dry-quenched coke, effective from midnight on November 5, 2025.
2. According to the median forecast of ten traders, growers, and analysts surveyed by Reuters, palm oil stocks are expected to surge 3.5% in October to 2.44 million tons, the highest level since October 2023.
3. The Shanghai Futures Exchange announced that, effective from the closing settlement on November 7, 2025 (Friday), the trading margin ratio and price limits will be adjusted as follows: the price limit for alumina futures contracts will be adjusted to 7%, the margin ratio for hedging positions will be adjusted to 8%, and the margin ratio for general positions will be adjusted to 9%.
4. According to the China Federation of Logistics and Purchasing's October Logistics Industry Prosperity Index released today (October 4th), the index was 50.7%, a decrease of 0.5 percentage points month-on-month. While the total logistics volume index saw a slight decline, overall demand remained expanding.
5. According to Mysteel satellite data, from October 27th to November 2nd, 2025, the total iron ore inventory at seven major ports in Australia and Brazil reached 12.168 million tons, an increase of 585,000 tons month-on-month, showing a slight accumulation trend. However, the current inventory level is still lower than the average for the second half of the year.
6. The Dalian Commodity Exchange (DCE) announced that, in accordance with the "Futures and Derivatives Law of the People's Republic of China," the "Regulations on Futures Trading Management," and the "Measures for the Administration of Futures Exchanges," the DCE plans to amend the "Dalian Commodity Exchange Coking Coal Futures Contract" and the "Dalian Commodity Exchange Coking Coal Futures Business Rules," adjusting the coking coal delivery quality standards. Public comments are now being solicited. 7. According to the National Grain and Oil Information Center, as of October 31, the national soybean inventory of major oil mills was 7.65 million tons, a decrease of 430,000 tons week-on-week, a decrease of 470,000 tons month-on-month, and an increase of 1.53 million tons year-on-year.
8. According to the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, the national average price of piglets was 24.78 yuan/kg, a decrease of 1.4% from the previous week and a decrease of 29.7% year-on-year.
9. According to CONAB, the national commodity supply company under the Brazilian Ministry of Agriculture, Brazil's sugar production in the 2025/26 crushing season is expected to be 45.02 million tons, compared to an estimate of 44.5 million tons in the August survey this year.
10. According to SMM data, affected by the dry season and industry self-regulation, the expected domestic polysilicon production in November is 120,100 tons, a decrease of approximately 10.4% compared to October, while global polysilicon production is approximately 125,800 tons.
11. The CEO of Chile's state-owned copper company, Copper, expressed optimism about copper prices. Copper production is projected to reach 1.31 million to 1.34 million tons in 2025, lower than the previous estimate of 1.34 million to 1.37 million tons.
It is expected to take three years for the Teniente mine to return to normal operations.
