1. According to data from the Shanghai Shipping Exchange, as of October 27, 2025, the Shanghai Export Containerized Settlement Freight Index (European routes) was 1312.71 points, up 15.1% from the previous period.
2.
According to Mysteel, Tangshan plans to implement a 30% production restriction on blast furnaces for four days starting on the 27th due to environmental protection requirements. As of October 24, Tangshan steel mills had an average daily hot metal output of 396,900 tons. If a 30% blast furnace production restriction is applied, this would impact daily hot metal output by 91,000 tons, or a total of 409,500 tons over 4.5 days. Construction steel mills will be affected only slightly, with TSDH estimating an average daily impact of 8,000 tons.
3.
Mysteel's global iron ore shipments from October 20 to October 26, 2025, totaled 33.884 million tons, a month-over-month increase of 548,000 tons. Total iron ore shipments from Australia and Brazil totaled 29.259 million tons, a month-on-month increase of 1.008 million tons.
4.
According to Mysteel data, from October 20 to 26, total iron ore arrivals at 47 Chinese ports totaled 20.843 million tons, a month-on-month decrease of 5.920 million tons. Total iron ore arrivals at 45 Chinese ports totaled 20.291 million tons, a month-on-month decrease of 4.903 million tons. Total iron ore arrivals at six northern ports totaled 10.959 million tons, a month-on-month decrease of 1.073 million tons.
5.
According to the "Notice of the Trade Remedy and Investigation Bureau of the Ministry of Commerce on Convening a Hearing on the Pork and Pork By-Products Anti-dumping Case" issued on October 17, 2025, the hearing will focus on matters related to dumping, injury, and the causal relationship between the two, as outlined in the preliminary ruling on the pork and pork by-products anti-dumping case. No other matters will be considered for this hearing. 6. According to foreign media reports, data from Oil World shows that Argentina's soybean processing volume climbed to 4.13 million tons in September, reaching its highest level in the past 11 months and exceeding last year's 3.91 million tons.
7.
According to foreign media reports, consulting firm AgRural said on Monday that as of last Thursday, Brazil's soybean planting rate for the 2025/26 marketing year had reached 36% of its expected rate. Furthermore, Brazil's first-crop corn planting area for the 2025/26 marketing year has reached 55% of the planned planting area in central and southern regions.
8.
According to data from the Wood Industry Association, port log shipments continued to recover this period. From October 20 to October 26, the average daily outbound volume of coniferous logs from 13 ports in seven provinces in China increased by 1.9% month-on-month to 64,400 cubic meters. Port inventories also declined. As of October 24, the total national coniferous log inventory was 2.94 million cubic meters, a decrease of 2.74% from the previous week, reaching a new low since the end of January this year. 9.
According to Mysteel statistics, as of October 24, 28 sample lithium ore traders held 153,000 tons of lithium ore spot port and warehouse inventory, a decrease of 14,000 tons from the previous month. Of this, saleable inventory reached 77,000 tons, an increase of 11,000 tons from the previous month.
10.
A Reuters survey predicts a nickel market surplus of 191,000 tons in 2025 and 156,500 tons in 2026. The LME nickel price is projected to average $15,318 per ton in 2025 and $15,755 per ton in 2026, down from $16,813 per ton in 2024. The copper market is projected to have a shortage of 124,000 tons in 2025 and 150,000 tons in 2026. The LME copper price is projected to average $9,752 per ton in 2025 and $10,500 per ton in 2026, up from $9,143 per ton in 2024.
