The A-share photovoltaic equipment sector dipped in early trading, with Canadian Solar falling over 10%, LONGi Green Energy falling over 4%, and Yijing Optoelectronics, Tongrun Equipment, Goodwe, and Daqo Energy all declining.

1. Mysteel satellite data shows that from November 3rd to November 9th, 2025, total iron ore inventories at seven major ports in Australia and Brazil reached 12.626 million tons, an increase of 458,000 tons compared to the previous period. 2. Mysteel reports that during the winter production shutdown period, Xinjiang is expected to reduce its construction steel production by approximately 2 million tons, accounting for about 25% of Xinjiang's estimated total construction steel production in 2025. 3. Reuters released its forecast for US crop production in the USDA's November supply and demand report. Analysts, on average, expect US soybean production for 2025/26 to be 4.266 billion bushels, with an estimate range of 4.152-4.336 billion bushels. The USDA's previous September estimate was 4.301 billion bushels. 4. According to data from the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, the national average price of live pigs in the first week of November was 12.71 yuan/kg, down 0.4% from the previous week and down 28.6% year-on-year. 5. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that from November 1st to 10th, 2025, Malaysian palm oil yield per hectare decreased by 4.14% compared to the same period last month, oil extraction rate decreased by 0.4% compared to the same period last month, and production decreased by 2.16% compared to the same period last month. 6. According to data from Longzhong Information, in September 2025, Indonesia's natural rubber exports to the world totaled 151,300 tons, up 8.43% month-on-month and up 3.31% year-on-year. 7. According to SMM analysis, several silicon wafer manufacturers have lowered prices, with 183N silicon wafers priced between 1.25-1.3 yuan/piece; 210R silicon wafers between 1.28-1.3 yuan/piece; and 210N silicon wafers between 1.6-1.65 yuan/piece. 8. Ge Honglin, president of the China Nonferrous Metals Industry Association, stated that my country's recycled nonferrous metals industry is expected to exceed 20 million tons for the first time by the end of 2025, becoming an important way to overcome resource and environmental bottlenecks in the industry.

The Institute of International Finance (IIF) reported that foreign investors added $14 billion to their emerging market debt portfolios, the lowest level since April.