EU High Representative for Foreign Affairs and Security Policy Karas: Some election results in EU member states may affect the space for external action.

1. United States: As of February 27, data from the U.S. Energy Information Administration (EIA) showed that the U.S. Strategic Petroleum Reserve held 415.4 million barrels of crude oil. In addition, U.S. private commercial reserves held 439.3 million barrels of crude oil. 2. Japan: As of the end of last year, the Japanese government held 260 million barrels of crude oil in stockpiles, with total national oil equivalent stockpiles of approximately 470 million barrels. The Agency for Natural Resources and Energy of Japan stated that the government's stockpiles were equivalent to 146 days of imports. In addition, private reserves held 180 million barrels of oil equivalent fuel (of which 90 million barrels were crude oil). 3. Germany: The German Ministry of Economic Affairs stated that the government held 110 million barrels of crude oil and 67 million barrels of refined petroleum products in stockpiles. 4. France The latest publicly available data shows that as of the end of 2024, France held approximately 120 million barrels of crude oil and refined product inventories. Of these, approximately 97 million barrels were held by the government-authorized agency SAGESS, with a composition roughly 30% crude oil, 50% diesel, 9% gasoline, 7.8% jet fuel, and some heating oil. Another 39 million barrels were held by the country's oil companies. 5. Italy: By law, Italy is required to maintain approximately 76 million barrels of inventory, equivalent to about 90 days of average net oil imports in 2024. 6. United Kingdom: Data from the UK Department for Energy Security and Net-Zero Emissions shows that as of February 26, the UK held approximately 38 million barrels of crude oil and 30 million barrels of refined product inventories. 7. Canada Canada does not have a strategic petroleum reserve, and as a net oil exporter, the IEA does not require it to establish one. As the world's fourth-largest crude oil producer, Canada's daily production exceeded 5 million barrels in December last year, with most of its exports going to the United States.

1. The Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange (INE) issued notices regarding market risk control. The Zhengzhou Commodity Exchange (ZCE) issued a risk warning letter, pointing out that market volatility has increased, with multiple contracts for related commodities hitting their daily price limits or experiencing one-sided market movements, leading to increased uncertainties affecting market operations. All member units are urged to attach great importance to risk prevention, strengthen investor education and protection, fully disclose risks, and guide investors to participate rationally and trade in compliance with regulations. 2. According to data from the Shanghai Shipping Exchange, as of March 9, 2026, the Shanghai Export Containerized Freight Index (Europe route) was 1545.46 points, up 5.6% compared to the previous period. 3. According to Mysteel, from March 2 to March 8, 2026, the total iron ore arrivals at 47 Chinese ports reached 26.975 million tons, an increase of 4.675 million tons compared to the previous period; the total arrivals at 45 Chinese ports reached 26.099 million tons, an increase of 4.63 million tons compared to the previous period; and the total arrivals at the six northern ports reached 14.645 million tons, an increase of 4.317 million tons compared to the previous period. 4. From March 2nd to March 8th, 2026, Mysteel's global iron ore shipments totaled 28.978 million tons, a decrease of 4.429 million tons compared to the previous period. Total iron ore shipments from Australia and Brazil reached 23.421 million tons, a decrease of 3.485 million tons compared to the previous period. Australian shipments totaled 17.532 million tons, a decrease of 1.953 million tons compared to the previous period, of which 14.659 million tons were shipped to China, a decrease of 1.051 million tons compared to the previous period. Brazilian shipments totaled 5.89 million tons, a decrease of 1.533 million tons compared to the previous period. 5. According to the latest report from the USDA's Foreign Agricultural Service (FAS), after a drought in January, timely rainfall in February stabilized crop conditions in Argentina, and the 2025-26 soybean production forecast remains at 48 million tons. 6. Agricultural consulting firm AgRural said on Monday that as of last Thursday, Brazilian farmers had harvested 51% of the 2025/26 soybean crop, a 12 percentage point increase from the previous week, but still below the 61% reached at the same time last year. This is the slowest pace for this period since 2020/21. 7. According to an announcement from the Zhengzhou Commodity Exchange, after research and deliberation, starting from the night trading session on March 9, 2026, the minimum order size for methanol futures contracts 2606, 2607, 2608, and 2609 will be adjusted to 8 lots; the minimum order size for PTA futures contracts 2604, 2605, 2606, 2607, 2608, and 2609 will be adjusted to 8 lots; and the minimum order size for caustic soda futures contracts 2604, 2605, 2606, 2607, 2608, and 2609 will be adjusted to 4 lots. 8. According to the Shanghai International Energy Exchange, the transaction fee for listed crude oil futures contracts has been adjusted to 40 yuan per lot, and the intraday closing transaction fee has been adjusted to 240 yuan per lot. The transaction fee for listed low-sulfur fuel oil futures contracts has been adjusted to 0.01% of the transaction amount, and the intraday closing transaction fee has been adjusted to 0.03% of the transaction amount. 9. According to the Dalian Commodity Exchange (DCE), effective from the trading session on March 10, 2026 (i.e., the night trading session on March 9), the minimum order size for each trading order will be adjusted to 8 lots for the following contracts: styrene futures (EB2604, EB2605, EB2606); ethylene glycol futures (EG2604, EG2605, EG2606); liquefied petroleum gas futures (PG2604, PG2605, PG2606); linear low-density polyethylene futures (L2604, L2605, L2606); polyvinyl chloride futures (V2604, V2605, V2606); and polypropylene futures (PP2604, PP2605, PP2606). 10. According to the Shanghai Futures Exchange, starting from March 10, 2026 (i.e., the night session of March 9), the trading limits for non-futures company members, overseas special non-brokerage participants, and clients in all fuel oil futures contracts will be adjusted as follows: the maximum number of intraday open positions for each fuel oil futures contract will be 1,500 lots. 11. From March 2 to March 9, 2026, the total shipment of Australian lithium concentrate to China was 88,000 tons, an increase of 42,000 tons compared to the previous week. The weekly average shipment to China was 69,000 tons. The total shipment of Australian ore to the world during that week was 124,000 tons.