1. According to Mysteel, as of the week ending March 26, rebar production reversed its upward trend and began to decline. Mill and social inventories both decreased for the second consecutive week, while apparent demand increased for the fifth consecutive week. Specifically, rebar production was 1.9787 million tons, a decrease of 54,600 tons from the previous week, a drop of 2.69%; apparent demand was 2.2537 million tons, an increase of 172,800 tons from the previous week, an increase of 8.30%.
2. Australian iron ore miner Fenix warned that the operation of the Australian mining industry is beginning to be affected by diesel supply constraints due to the war in Iran, forcing the iron ore miner to scale back some business activities. The document also noted that Tropical Cyclone Narrat is currently ravaging the coast of Western Australia, causing fuel supply disruptions.
3. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that from March 1-25, 2026, Malaysian palm oil yield per hectare decreased by 9.74% compared to the same period last month, oil extraction rate decreased by 0.28% compared to the same period last month, and production decreased by 11.21% compared to the same period last month.
4. Planting Intentions Report Outlook: The U.S. soybean planting area in 2026 is projected to reach 85.549 million acres, higher than last year's 81.215 million acres and exceeding the USDA Outlook Forum's estimate of 85 million acres.
5. USDA: For the week ending March 19, U.S. net soybean export sales for the 2025/2026 marketing year were 669,000 tons, compared to 298,000 tons the previous week; U.S. net soybean sales to China for the 2025/2026 marketing year were 263,000 tons, compared to 80,000 tons the previous week.
6. According to Longzhong Information, as of March 26, the total inventory of float glass sample enterprises nationwide was 73.622 million weight boxes, a decrease of 814,000 weight boxes or 1.09% week-on-week, while the year-on-year increase widened to 9.86%, equivalent to 33.6 days of inventory, a slight decrease of 0.1 days from the previous period. Inventory in the Northwest region continued to increase, while inventory in other regions continued to decline.
7. As of March 25, 2026, the total inventory of urea enterprises in China was 700,500 tons, a decrease of 108,400 tons from the previous cycle, representing a month-on-month decrease of 13.40%.
8. ANZ Bank stated that rising aluminum prices and regional premiums have suppressed demand, but further price increases could accelerate the demand adjustment. ANZ stated that its aluminum price forecast of US$3,600 per tonne in the third quarter of 2026 represents the peak of this cycle.
9. Nickel Industries Limited announced that, following the reported casualties on March 25, its Hengjaya Mine in Indonesia has completely suspended operations to cooperate with the official investigation expected to be launched by the Indonesian Ministry of Energy and Mineral Resources (ESDM) on March 27.
