Spot silver rose more than 1.00% on the day, currently trading at $79.20 per ounce.

Federal Reserve's Williams: We are seeing a large number of office spaces being converted into residential use.

1. The Henan Bureau of the National Mine Safety Administration conducted an on-site inspection of Zhengxinlongxiang (Xinmi) Coal Industry Co., Ltd., and found significant accident hazards at the mine. The Henan Bureau of the National Mine Safety Administration ordered the mine to suspend production for rectification for 15 days. 2. According to Mysteel, a coking plant in Changzhi has suspended production for renovation due to environmental factors, involving a coking capacity of 1.5 million tons and a daily coke production of approximately 2,000 tons. The impact on the overall supply in the region is limited. 3. According to the Malaysian Palm Oil Board (MPOB), Malaysia plans to increase the mandatory blending ratio of biodiesel from B10 to B12, which is expected to increase the consumption of palm oil-based biodiesel by 130,000 tons annually. 4. Vale of Indonesia recently disclosed that its approved mineral production quota (RKAB) for 2026 is far below the established target. 5. Tangshan City will activate a Level II emergency response for heavy air pollution starting at 12:00 on April 16, 2026. The lifting time will be announced separately. 6. According to Mysteel, as of the week ending April 16, rebar production reversed its upward trend and began to decline. Mill and social inventories have decreased for five consecutive weeks, while apparent demand has increased for eight consecutive weeks. 7. The US weather forecasting agency CPC stated that current ocean and atmospheric observations indicate that the transition from La Niña to a neutral ENSO state is now complete. 8. According to Longzhong Information, as of April 16, 2026, the total inventory of float glass sample enterprises nationwide was 76.52 million weight boxes, an increase of 1.183 million weight boxes, or 1.57%, compared to the previous week.