1. According to Mysteel, on June 24th, coking coal prices in Shandong province, including Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai'an, Linyi, and Xingtai, are planned to increase. Wet-quenched coking coal prices will rise by 50 yuan/ton, and dry-quenched coking coal prices will rise by 55 yuan/ton, effective from 00:00 on June 26th.
2. As of the week ending June 24th, according to data from Zhaogang.com, national key steel product output and inventory data are as follows: output 4.7021 million tons, a decrease of 142,100 tons from the previous week; mill inventory 5.3403 million tons, an increase of 374,700 tons from the previous week; social inventory 6.1663 million tons, an increase of 104,900 tons from the previous week; total inventory 11.5066 million tons, an increase of 479,600 tons from the previous week; apparent demand 4.2225 million tons, a decrease of 726,600 tons from the previous week.
3. According to Mysteel, as of now, only one coal mine in Qinyuan County, Changzhi City, has resumed production, while the resumption of production at the remaining mines has been postponed. As of June 24, 93 coal mines had resumed production, with a total capacity of 112.9 million tons; 67 coal mines were shut down that day, with a total capacity of 86.5 million tons. Current survey results indicate that the resumption of coal production in Shanxi Province has stalled.
4. Tomas Manzano, CEO of Copersucar, the world's largest sugar trader, commented on the Brazilian sugarcane crop and its production and sales situation. He predicts that sales of major products will increase in the 2026/27 season, with sugarcane crushing volume increasing to over 125 million tons, higher than the previous year's 108 million tons.
5. ANRPC's monthly report released on Wednesday showed that the global natural rubber market showed strong resilience in May, with the industry fundamentals remaining robust. Global natural rubber production is projected to reach 15.337 million tons in 2026, a 2.4% increase from 14.971 million tons in 2025. Consumption is expected to grow by 1.3% to 15.55 million tons, with China, India, Malaysia, and Cambodia being the main drivers of demand growth.
6. Data released by the Petroleum Institute of Japan (PAJ) on Wednesday showed that as of the week ending June 20, Japan's commercial crude oil inventories were 9,757,338 kiloliters, an increase of 33,755 kiloliters from the previous week's 9,723,583 kiloliters. Refinery operational capacity utilization was 80.3%, compared to 81.9% the previous week. Refinery design capacity utilization was 70.5%, unchanged from the previous week.
7. According to Longzhong Information, as of June 24, 2026, the total inventory of urea enterprises in China was 1,133,600 tons, an increase of 47,800 tons from the previous period, representing a 4.40% increase month-on-month.
8. According to SMM, Indonesia may ease nickel mining quotas in the second half of the year. Neither the Indonesian Ministry of Energy (ESDM) nor local media have confirmed market rumors that Indonesia may ease annual nickel mining quota (RKAB) restrictions in the second half of this year.
9. According to Mysteel, as of the end of June, the amount of RKAB approvals for Indonesian nickel mines in 2026 had already reached the upper limit planned by the Indonesian Ministry of Energy and Mineral Resources at the beginning of the year.
10. The International Copper Study Group: The global refined copper market will experience a deficit of 145,000 tons in April 2026.
