1. According to Jiaolian.com, most major coking plants held a meeting and reached a consensus: on July 3rd, a letter will be sent out announcing the tenth round of coke price increases, with an increase of 50-55 yuan/ton, requiring implementation by July 6th. The letter also proposes that coking plants increase their self-imposed production cuts to 30% to cope with the severe situation of escalating losses.
2. According to Mysteel, as of the week ending July 2nd, rebar production and apparent demand reversed from a decline to an increase, mill inventories reversed from an increase to a decrease, and social inventories increased for two consecutive weeks. Rebar production reached 2.1652 million tons, an increase of 32,700 tons from the previous week, representing a growth of 1.53%.
3. Distributors stated that India's palm oil imports in June decreased by 10.5% month-on-month to 492,000 tons, a 14-month low. India's soybean oil imports in June decreased by 23% month-on-month to 381,000 tons.
4. Data from the U.S. Department of Agriculture shows that for the week ending June 25, U.S. net soybean export sales for the 2025/2026 marketing year were 42,000 tons, lower than the market expectation of 300,000-650,000 tons, compared to 455,000 tons the previous week; net sales for the 2026/2027 marketing year were 183,000 tons, compared to 902,000 tons the previous week.
5. The Buenos Aires Grain Exchange stated that Argentina's 2025/26 soybean and corn harvest rates reached 99.1% and 52.9%, respectively. The exchange projects Argentina's soybean production at 50.1 million tons and corn production at a record 64 million tons.
6. Data from Enterprise Singapore (ESG) shows that for the week ending July 1, Singapore's fuel oil inventories fell by 648,000 barrels to a two-week low of 19.654 million barrels.
7. China Mining Resources issued an abnormal trading announcement, stating that the company's stock price had deviated by more than 20% cumulatively over the past three trading days. This temporary shutdown for maintenance will result in a short-term decrease in the company's lithium salt production.
8. According to SMM data, as of this Thursday, the total installed capacity of metallurgical-grade alumina in China was 118.42 million tons/year, and the total operating capacity was 87.95 million tons/year. The national weekly operating rate of alumina decreased by 0.23 percentage points from the previous week to 74.27%.
