1. According to customs data, China's coal imports increased by 1.5% year-on-year to 77.22 million tons in January-February 2026. Iron ore and its concentrate imports reached 210.023 million tons.
2. The Malaysian Palm Oil (MPOB) released its February supply and demand report, showing that Malaysian palm oil production in February was 1,284,699 tons, a decrease of 18.55% month-on-month, lower than the market expectation of 1.3 million tons; exports were 1,127,605 tons, a decrease of 22.48% month-on-month, lower than the market expectation of 1.18 million tons; imports were 76,276 tons, an increase of 136.03% month-on-month; and inventory was 2,704,286 tons, a decrease of 3.94% month-on-month, higher than the market expectation of 2.63 million tons.
3. According to the China Cotton Information Network, based on a spring planting intention survey, Xinjiang's cotton planting policy direction has been clarified, but implementation measures vary across regions. The new year's cotton planting area has been slightly lowered compared to the previous year. Total output, calculated based on the three-year average yield, is also slightly lower, with national total output decreasing by 40,000 tons to 7.24 million tons. Total annual supply is expected to decrease by 9 tons to 1,480 tons. Total demand is expected to increase by 70,000 tons to 8.85 million tons. Ending stocks for the current year are expected to decrease by 160,000 tons to 5.95 million tons.
4. The USDA: The March forecast for U.S. soybean production in 2025/2026 is 4.262 billion bushels, unchanged from the February forecast. The March forecast for U.S. soybean ending stocks in 2025/2026 is 350 million bushels, compared to market expectations of 344 million bushels, unchanged from the February forecast. The US 2025/2026 soybean yield forecast for March is 53 bushels per acre, unchanged from the February forecast.
5. The USDA lowered its 2025/2026 soybean production forecast for Argentina from 48.5 million tons to 48 million tons, compared to a market expectation of 48.11 million tons; it also lowered its 2025/2026 corn production forecast for Argentina from 53 million tons to 52 million tons, compared to a market expectation of 52.86 million tons; it maintained its 2025/2026 soybean production forecast for Brazil at 180 million tons, compared to a market expectation of 179.06 million tons. The USDA raised its 2025/2026 corn production forecast for Brazil from 131 million tons to 132 million tons, compared to a market expectation of 132.07 million tons.
6. According to the Zhengzhou Commodity Exchange (ZCE), effective from the settlement on March 10, 2026, the trading margin requirement for PTA futures contracts 2604 and 2605 will be adjusted to 12%, and the daily price limit will be adjusted to 10%; the trading margin requirement for PTA futures contracts 2606, 2607, 2608, and 2609 will be adjusted to 11%, and the daily price limit will be adjusted to 9%; the trading margin requirement for short-staple fiber futures contracts 2604 and 2605 will be adjusted to 12%, and the daily price limit will be adjusted to 10%.
7. The Shanghai Futures Exchange (SHFE) announced that, after research and decision, effective from the closing settlement on March 10, 2026 (Tuesday), the daily price limit for all fuel oil futures contracts and subsequent newly listed contracts will be 20%, the trading margin ratio for hedging positions will be 21%, and the trading margin ratio for general positions will be 22%.
8. The Shanghai International Energy Exchange (INE) announced that, effective from the closing settlement on Tuesday, March 10, 2026, the daily price fluctuation limit for crude oil futures contracts SC2604 to SC2612 and subsequent newly listed contracts will be 20%, the margin requirement for hedging positions will be 21%, and the margin requirement for general positions will be 22%. The daily price fluctuation limit for low-sulfur fuel oil futures contracts LU2604 to LU2610 and subsequent newly listed contracts will also be 20%, the margin requirement for hedging positions will be 21%, and the margin requirement for general positions will be 22%.
9. According to SMM, Indonesian local media, citing sources, stated that the Indonesian Ministry of Energy and Mineral Resources is still evaluating the policy of reducing coal and nickel production in the 2026 Work Plan and Budget (RKAB). Siti Sumira Rita Susilawati, Secretary General of the Directorate General of Minerals and Coal, stated that the RKAB is not intended to restrict production, but rather to make adjustments; the adjusted RKAB will then be evaluated and is expected to be submitted in June or July.
10. Kpler’s head of crude oil analysis said that exports from the Persian Gulf have not been completely interrupted because Saudi Arabia and the UAE are still able to bypass the Strait of Hormuz for some exports, and Iran is also continuing its exports.
