1. According to data from the Shanghai Shipping Exchange, as of February 2, 2026, the Shanghai Export Containerized Freight Index (Europe route) was 1792.14 points, a decrease of 3.6% compared to the previous period.
2. On February 2, the Guangdong Provincial Development and Reform Commission issued the "Guangdong Province 2026 Work Plan for Optimizing a Market-Oriented First-Class Business Environment." The plan proposes to promote the construction of a carbon emission trading market, support the Guangzhou Futures Exchange in promoting the construction of a carbon emission futures market, and study the introduction of carbon emission-related futures products in due course.
3. From January 26 to February 1, 2026, Mysteel's global iron ore shipments totaled 30.946 million tons, an increase of 1.162 million tons compared to the previous period. Total iron ore shipments from Australia and Brazil reached 25.21 million tons, an increase of 1.267 million tons compared to the previous period. Australian shipments totaled 18.204 million tons, a decrease of 170,000 tons compared to the previous period, of which 16.191 million tons were shipped from Australia to China, an increase of 1.315 million tons compared to the previous period.
4. From January 26th to February 1st, 2026, the total iron ore arrivals at 47 Chinese ports reached 26.692 million tons, an increase of 437,000 tons compared to the previous week; the total arrivals at 45 Chinese ports reached 24.847 million tons, a decrease of 453,000 tons compared to the previous week; and the total arrivals at six northern ports reached 12.887 million tons, an increase of 506,000 tons compared to the previous week.
5. According to Brazilian agricultural consulting firm AgRural, as of last Thursday, Brazilian farmers had completed 10% of the soybean harvest area for the 2025/26 crop year, an increase of 5 percentage points from the previous week and higher than the 9% progress at the same time last year. AgRural stated that the harvest has not yet encountered major obstacles. However, the agency emphasized the need to closely monitor the weather conditions in Rio Grande do Sul in February. Late-maturing areas in Paraná, Santa Catarina, and Mato Grosso do Sul may also suffer losses.
6. Agricultural consultancy Celeres said on Monday that Brazil's soybean production for 2025/26 is expected to reach a record 181.3 million tons, higher than the previous forecast of 177.2 million tons. Celeres noted in a report that this production will be 5% higher than in 2024/25.
7. According to a survey by the Timber Union, this week (February 2-8, 2026), five New Zealand logs are expected to arrive at 13 Chinese ports, a decrease of two from last week, representing a week-on-week decrease of 29%; the total arrival volume is approximately 185,000 cubic meters, a decrease of 33,000 cubic meters from last week, representing a week-on-week decrease of 15%.
8. According to an announcement from the Shanghai Gold Exchange, if a one-sided market occurs in the Ag(T+D) contract on February 2, 2026 (Monday), the margin level for the contract will be adjusted from 20% to 26% from the closing settlement, and the daily price fluctuation limit will be adjusted from 19% to 25% from the next trading day. If no one-sided market occurs, the margin level and price fluctuation limits for Ag(T+D) contracts will remain unchanged.
9. Guotou Silver LOF announced that, given the recent significant fluctuations in silver prices in major international markets, which differ considerably from the Shanghai Futures Exchange's silver futures prices, the company has decided to reasonably revalue its fund assets by referencing the price fluctuations in major international silver futures markets.
10. Trump plans to launch a strategic critical mineral reserve program with an initial funding of $12 billion. The project, named "Project Vault," will combine $1.67 billion in private capital with a $10 billion loan from the Export-Import Bank of the United States to support manufacturing companies in purchasing and storing mineral resources.
