1. According to Mysteel, Shanxi Gaoyi plans to shut down a 1380m³ blast furnace for maintenance on November 23, affecting approximately 4,500 tons of pig iron production per day. Initially, one double-high-speed wire rod will be shut down, affecting approximately 5,000 tons of wire rod production per day.
2. Data from the Brazilian Ministry of Commerce shows that in the second week of November 2025, a total of 10 working days, Brazil's iron ore imports totaled 17.0539 million tons, compared to 33.4844 million tons in November of last year. The average daily shipment volume was 1.7054 million tons/day, a decrease of 3.23% compared to November of last year.
3. Data monitored by China Grain and Oil Business Network shows that as of the end of the 46th week of 2025, domestic palm oil inventory totaled 574,000 tons, an increase of 22,000 tons from 552,000 tons the previous week; contract volume was 43,000 tons, an increase of 1,000 tons from 42,000 tons the previous week. 4. Domestic soybean meal inventory reached 999,000 tons, an increase of 30,000 tons from 969,000 tons last week, representing a 3.05% increase month-on-month.
5. According to Wind data, as of November 18, national soybean oil port inventory was 1.133 million tons, compared to 1.14 million tons on November 11, a decrease of 7,000 tons month-on-month.
6. Data released by China's General Administration of Customs on November 18 showed that China's palm oil imports in October were 220,000 tons, a year-on-year decrease of 11.7%. From January to October, palm oil imports totaled 1.96 million tons, a year-on-year decrease of 15.3%.
7. According to foreign media reports, the new 1.1 million-ton-per-year granular urea plant at Iran's Hengarm Petrochemical Project has begun trial production and is expected to officially commence production by the end of December. Iran's annual urea production capacity is approximately 8.9 million tons, and its exports are projected to reach nearly 5.8 million tons in 2024, but exports in the first nine months of this year declined by 34% due to production issues. 7. Guangzhou Futures Exchange announced that, effective from the start of trading on November 20, 2025, the transaction fee for the lithium carbonate futures contract LC2601 will be adjusted to 0.012% of the transaction amount, and the intraday closing transaction fee will also be adjusted to 0.012% of the transaction amount.
8. According to SMM, on November 18, Rio Tinto announced on its official website that it will reduce the capacity of its Yarwun alumina refinery in Gladstone by 40% starting in October 2026.
