1. According to data from the Shanghai Shipping Exchange, as of June 1, 2026, the Shanghai Export Containerized Freight Index (Europe route) was 2038.09 points, up 9.4% compared to the previous period.
2. According to ABC News, US President Trump believes he will reach an agreement with Iran within the next week to extend the ceasefire and reopen the Strait of Hormuz.
3. Indonesia's Ministry of Energy stated that Indonesia will set the benchmark price for 5300 kcal/kg coal at US$84.53 per ton for the first half of June, compared to US$80.34 per ton for the second half of May.
4. Data released by the World Stainless Steel Association shows that stainless steel crude steel production in the first quarter of 2026 was 15.8 million tons, an increase of 2.5% year-on-year. Asian stainless steel crude steel production was 13.4 million tons, an increase of 3.3% year-on-year.
5. The U.S. Department of Agriculture (USDA) released its weekly crop progress report early Tuesday morning, showing that as of the week ending May 31, the U.S. soybean condition was rated 66% good to excellent, compared to market expectations of 68% and 67% at the same time last year; planting was at 87%, compared to market expectations of 89%, 79% the previous week, 83% at the same time last year, and a five-year average of 80%.
6. According to CONAB, Brazil's national commodity supply company under the Ministry of Agriculture, as of May 29, Brazil's soybean harvest was 99.7%, compared to 99% the previous week, 99.8% at the same time last year, and a five-year average of 98.8%.
7. According to Longzhong Information, as of June 1, 2026, the total inventory of soda ash produced by domestic manufacturers this week was 1.7046 million tons, an increase of 7,600 tons from last Thursday, a rise of 0.45%.
8. According to sources, OPEC+ is expected to increase production by approximately 188,000 barrels per day in July, the same increase agreed upon in June. Previously, the increase was revised downward from 206,000 barrels per day due to the UAE's withdrawal. 9. Citigroup has raised its near-term copper price forecast to $14,500/tonne, with a 6-12 month target of $15,000/tonne. Concerns about US copper tariffs are likely to continue supporting prices until June, when the tariffs become clearer.
10. According to research by Aladdin (ALD), large alumina plants in Shanxi province are continuously increasing their use of imported bauxite. In the past month, this proportion has risen from approximately 40% to 70%.
