1. BHP Billiton's iron ore production in the third fiscal quarter was 62.8 million tons, a year-on-year increase of 2%; steel and coal production was 3.8 million tons, a year-on-year decrease of 3%. The average realized iron ore price in the third fiscal quarter was US$85.35 per ton, unchanged from the previous quarter.
2. According to Mysteel, satellite data shows that from April 13th to April 19th, 2026, the total iron ore inventory at seven major ports in Australia and Brazil was 14.933 million tons, an increase of 350,000 tons from the previous quarter, indicating a slight rebound in inventory levels. Current inventory levels have reached a new high since the beginning of the year.
3. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that from April 1st to 20th, 2026, Malaysian palm oil yield per hectare increased by 29.80% compared to the same period last month, oil extraction rate increased by 0.20% compared to the same period last month, and production increased by 31.13% compared to the same period last month.
4. The Indonesian Palm Oil Association (GAPKI) released its February production and sales data. Indonesia exported 3.3 million tons of palm oil in February, a 17% increase year-on-year. Palm oil production reached 5.02 million tons in February, and as of the end of February, Indonesian palm oil stocks stood at 2.02 million tons.
5. An Indonesian energy ministry official stated on Tuesday that as of April 13, Indonesia had consumed 3.9 million kiloliters of palm oil-based biodiesel this year in accordance with its biodiesel blending regulations. From July 1, Indonesia will increase the mandatory proportion of palm oil-based biodiesel from the current 40% to 50% (B50), with the remainder being conventional diesel, and a three-month transition period will be implemented.
6. Three industry sources revealed that Russia will suspend oil exports from Kazakhstan to Germany via the Druzhba pipeline starting May 1. 7. According to SMM, China's alumina import and export situation showed significant changes in March 2026: imports reached 338,300 tons, an increase of 86.9% month-on-month, but a sharp increase of 2928.8% year-on-year; exports reached 209,400 tons, an increase of 43% month-on-month, but a decrease of 29.4% year-on-year.
8. Goldman Sachs maintained its average copper price forecast of $12,650 per ton for 2026. It still expects a copper supply surplus of 490,000 tons by 2026.
