Tencent Licaitong (current+7-day) 7-day annualized yield ranged 0.7270%–1.4260%. WeChat Wallet Lingqiantong 7-day annualized yield ranged 1.0050%–1.0280%. Yu’e Bao (Alipay) 7-day annualized yield ranged 1.0050%–1.0350%.

1. Mysteel's survey of 247 steel mills showed that the blast furnace operating rate was 84.41%, up 0.16 percentage points from last week and 0.59 percentage points from last year; the blast furnace ironmaking capacity utilization rate was 91.08%, up 0.27 percentage points from last week and 0.25 percentage points from last year; the average daily pig iron output was 2.4295 million tons, up 7,100 tons from last week. 2. In Lingshi County, Jinzhong City, Shanxi Province, 20 coking coal mines have resumed production, with a total capacity of 18 million tons. The daily output of raw coal has reached approximately 34,000 tons, representing 60% of the pre-shutdown level. 9 million tons of capacity remain unresumed. 3. According to SteelHome E-commerce, the total urban inventory this week was 9.9103 million tons, an increase of 260,600 tons (+2.70%) from last week, covering 37 cities and 126 warehouses. 4. Data released by Brazil's National Grain Exporters Association (Anec) shows that Brazil exported 3,222,876 tons of soybeans, 639,778 tons of soybean meal, and 148,297 tons of corn last week (June 14-20). Planned exports for the week of June 21-27 are 3,473,795 tons of soybeans, 728,741 tons of soybean meal, and 267,688 tons of corn. 5. Data from the Southern Peninsula Palm Oil Crusher Association (SPPOMA) shows that from June 1-25, 2026, Malaysian palm oil yield increased by 16.34% compared to the same period last month, oil extraction rate increased by 0.11%, and production increased by 16.92%. 6. Wang Hongzhi, a member of the Party Leadership Group of the National Development and Reform Commission and Director of the National Energy Administration, stated at a press conference held by the State Council Information Office that energy demand will continue to grow during the 15th Five-Year Plan period. Domestic exploration and development of oil and gas should be intensified, oil production stabilized, and natural gas supply increased. 7. International Aluminium Institute (IAI): Global alumina production in May 2026 was 12.53 million tons, compared to 12.54 million tons in the same period last year, with the previous month's figure revised to 11.917 million tons. China's alumina production in May is projected to be 7.55 million tons, with the previous month's figure revised to 7.366 million tons.

Fed hawkish signals and a firmer dollar are denting industrial-metals sentiment, pushing copper lower. LME three-month copper slid toward $13,300/tonne after a two-week decline. Fed officials have signaled further rate hikes in coming months to tackle persistently high inflation; the dollar last week hit its strongest level since November. Markets are also monitoring the prospect of Trump administration tariffs on refined metals. Separately, Goldman Sachs said the Iran conflict should ultimately boost metals demand, citing rising EV uptake, expanded renewables investment, higher defense spending and intensified AI-related industrial activity. Goldman raised its year-end 2026 and 2027 average copper forecasts to $13,735/tonne and $13,800/tonne, respectively.