1. US President Trump stated: I agree to a two-week suspension of bombing and attacks on Iran.
2. According to a survey of 50 major bulk commodities nationwide conducted by the China Federation of Logistics and Purchasing, compared with the previous period (March 30 to April 3, 2026), prices of 30 commodities (60%) rose, prices of 16 commodities (32%) fell, and prices of 4 commodities (8%) remained unchanged.
3. From March 30 to April 5, 2026, Mysteel's global iron ore shipments totaled 31.018 million tons, an increase of 6.294 million tons compared to the previous period. Total iron ore shipments from Australia and Brazil reached 24.479 million tons, an increase of 5.728 million tons compared to the previous period. Australian shipments totaled 17.398 million tons, an increase of 7.06 million tons compared to the previous period, of which 14.895 million tons were shipped from Australia to China, an increase of 6.503 million tons compared to the previous period. 4. Brazil's shipments totaled 7.082 million tons, a decrease of 1.332 million tons compared to the previous period.
5. According to data from the China Iron and Steel Association, in late March, the social inventory of five major steel products in 21 cities was 11.42 million tons, a decrease of 220,000 tons (1.9%) compared to the previous period; an increase of 4.42 million tons (58.4%) compared to the beginning of the year; and an increase of 1.06 million tons (10.2%) compared to the same period last year.
6. As of April 3, 2026, the national commercial inventory of soybean oil was 1.0067 million tons, a decrease of 19,000 tons (1.85%) compared to the previous week. The commercial inventory of palm oil in key regions of the country was 779,100 tons, a decrease of 13,300 tons (1.68%) compared to the previous week; and an increase of 405,700 tons (108.65%) compared to 373,400 tons last year.
7. Sanjeev Chopra, Secretary of the Indian Ministry of Food, stated that India currently has no plans to restrict sugar exports, and the decline in domestic consumption has to some extent offset the impact of lower-than-expected production. He also stated that India has no plans to lower import tariffs on vegetable oils such as palm oil, soybean oil, and sunflower oil.
7. Iranian Foreign Minister Araqchi: With coordination with the Iranian Armed Forces and full consideration of technical limitations, safe passage through the Strait of Hormuz will be possible within the next two weeks.
8. Malaysian Minister of Plantation Industries and Commodities, Noraini Ahmad, stated that Malaysia plans to promote a phased nationwide B20 biodiesel program based on palm oil. This move takes into account the sensitivity of palm oil prices relative to oil prices. Malaysia currently implements a B10 biodiesel blending policy in the transportation sector.
9. According to CCTV Finance, the government continues to implement control measures on refined oil prices. Based on the refined oil pricing mechanism, from 24:00 on April 7th, the domestic gasoline and diesel (standard grades) prices should have increased by 800 yuan and 770 yuan per ton respectively. After the adjustment, the actual increase was 420 yuan and 400 yuan respectively. The price of 92-octane gasoline increased by 0.33 yuan per liter, a decrease of 0.31 yuan per liter; the price of 0-grade diesel increased by 0.34 yuan per liter, a decrease of 0.32 yuan per liter.
10. Early on the morning of the 7th local time, Iranian sources, citing unnamed sources, reported that an explosion occurred in the Jubail industrial zone in northeastern Saudi Arabia, which has US capital involvement. The report stated that the Jubail industrial zone is one of the world's important petrochemical production bases, with an annual output of approximately 60 million tons of petrochemical products, accounting for 6% to 8% of global production.
11. Data from the People's Bank of China shows that China's gold reserves at the end of March were 74.38 million ounces (approximately 2313.48 tons), an increase of 160,000 ounces (approximately 4.98 tons) month-on-month. At the end of February, it was 74.22 million ounces (approximately 2308.5 tons), marking the 17th consecutive month of gold purchases.
12. Morgan Stanley analysts stated that aluminum supply losses caused by the Middle East conflict could continue until 2026. The bank said restarting the affected operations (which account for about 4% of global supply) could take up to 12 months.
