1. According to the Shanghai Futures Exchange announcement, effective from the closing settlement on January 15, 2026 (Thursday), the daily price fluctuation limit for tin futures contracts will be adjusted to 11%, and the margin ratio for hedging positions will be adjusted to 12%.
2. According to sources, the Trump administration is moving forward with its biofuel policy and is expected to finalize the 2026 biofuel blending quotas in early March, likely maintaining them roughly at the level of the current proposal.
3. According to the China Iron and Steel Association, in early January, key steel enterprises produced a total of 19.97 million tons of crude steel, averaging 1.997 million tons per day, representing a 21.6% increase in daily output compared to the previous period.
4. According to Mysteel, as of the week ending January 15th, rebar production and mill inventories reversed their previous increases, while social inventories increased for the second consecutive week. Apparent demand reversed its previous decrease and increased. Rebar production was 1.903 million tons, a decrease of 7,400 tons from the previous week, a drop of 0.39%; apparent demand was 1.9034 million tons, an increase of 153,800 tons from the previous week, an increase of 8.79%.
5. Data from the National Oilseed Processors Association (NOPA) shows that U.S. soybean oil stocks in December 2025 are projected at 1.642 billion pounds, compared to market expectations of 1.686 billion pounds and 1.513 billion pounds in November 2025; U.S. soybean crush in December 2025 is projected at 224.991 million bushels, compared to market expectations of 224.809 million bushels and 216.041 million bushels in November 2025.
6. According to Longzhong Information, as of January 15th, the total inventory of float glass sample enterprises nationwide was 53.013 million weight boxes, a decrease of 2.505 million weight boxes or 4.51% compared to the previous week, marking the third consecutive week of decline. Year-on-year, it increased by 20.89%, reaching a near one-year low. The inventory days were 23 days, a decrease of 1.1 days from the previous period.
7. As of January 15th, 2026, this week, the total inventory of soda ash manufacturers in China was 1.575 million tons, an increase of 10,300 tons from Monday, a rise of 0.66%.
8. Goldman Sachs stated that if Indonesia's nickel ore mining quota is tightened to 260 million tons in 2026, the average nickel price could approach $18,000 per ton, while the average price under the baseline scenario is $14,800 per ton.
9. Nickel miner PT Vale Indonesia said in a statement on Thursday that it has received approval for its 2026 mining quota and that all operations have returned to normal. The company did not disclose the specific amount of nickel ore approved for production this year.
