1. According to Mysteel, pollution dispersion conditions in Tangshan City are expected to gradually improve, and the pollution episode is essentially over. The Tangshan City Heavy Air Pollution Response Command Center has decided to lift the Level II emergency response for heavy air pollution citywide starting at 00:00 on November 1, 2025.
2. According to the China Federation of Logistics & Purchasing's Steel Logistics Professional Committee's survey and release of the steel industry PMI, the PMI for October 2025 was 49.2%, a 1.5 percentage point increase month-on-month, ending two consecutive months of decline and indicating a recovery in industry operations.
3. The Indonesian Ministry of Trade announced that the reference price for crude palm oil in November has been set at US$963.75 per ton, slightly higher than October's US$963.61 per ton.
4. The China Nonferrous Metals Industry Association suggests a differentiated approach: drawing on the experience of electrolytic aluminum, consider setting capacity ceilings for bulk metals such as copper, lead, and zinc, and strictly control new capacity additions.
5. Data from the Shanghai Shipping Exchange shows that as of October 31, the Shanghai Export Container Freight Index (comprehensive index) was 1550.70 points, up 147.24 points from the previous period; the China Export Container Freight Index was 1021.39 points, up 2.9% from the previous period.
6. According to Mysteel statistics, the blast furnace operating rate of 247 steel mills was 81.75%, a decrease of 2.96 percentage points from the previous week and a decrease of 0.69 percentage points from the same period last year; the average daily pig iron output was 2.3636 million tons, a decrease of 35,400 tons from the previous week.
7. According to the Ministry of Commerce, Deputy Director Wang Xin chaired a hearing at the Ministry of Commerce regarding the anti-dumping case concerning pork and pork by-products. Approximately 80 people from 37 stakeholders, including the EU Delegation to China, the embassies of Spain, Belgium, Denmark, and other countries, EU exporters and their associations, domestic importers, domestic applicants, and related member companies, participated in the hearing. 8. According to Amspec, an independent inspection agency in Malaysia, Malaysia's palm oil exports from October 1st to 31st totaled 1,501,945 tons, compared to 1,439,845 tons in the same period last month, representing a month-on-month increase of 4.31%.
9. According to three sources, eight OPEC+ member countries, including Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Oman, Kazakhstan, and Algeria, are expected to agree on Sunday to increase production by an additional 137,000 barrels per day in December.
10. The Ministry of Finance and the State Administration of Taxation issued an announcement regarding tax policies related to gold. It states that taxpayers selling standard gold not through exchanges should pay value-added tax (VAT) according to current regulations. For member units purchasing standard gold from exchanges for investment purposes and engaging in physical delivery, the unit price, amount, and tax amount on the VAT special invoice will be determined according to the following regulations.
11. Morgan Stanley says gold prices are poised to rise to $4,500 an ounce by mid-2026, driven by strong physical demand from ETFs and central banks, and continued uncertainty about the economic outlook.
