1. Satellite data shows that from May 25th to May 31st, 2026, the total iron ore inventory at seven major ports in Australia and Brazil was 13.888 million tons, a decrease of 55,000 tons month-on-month, indicating a slight decline in inventory.
2. According to an industry organization, India's palm oil imports in May increased by 7.3% month-on-month, reaching 551,000 tons. Soybean oil imports surged by 38% month-on-month, reaching 497,000 tons, a five-month high. India's edible oil imports in May increased by 2.6% month-on-month, reaching 1.34 million tons.
3. The World Meteorological Organization released its latest report on June 2nd, stating that most climate models predict that this El Niño event will at least develop into a moderate-intensity event and may further intensify.
4. According to an announcement from the Zhengzhou Commodity Exchange, starting from the night trading session on the evening of June 5th, 2026, the transaction fee for propylene futures contracts will be adjusted to 3 yuan/lot, and intraday closing transaction fees will be waived. Effective June 5, 2026, the margin requirement for glass futures contracts will be adjusted to 9%, and the daily price fluctuation limit will be adjusted to 8%.
5. Commerzbank lowered its year-end 2026 gold price forecast to $4,800 per ounce from $5,000 previously. It maintained its year-end 2027 price forecast of $5,200 per ounce. It lowered its year-end 2026 silver price forecast to $80 per ounce from $90 previously.
6. The White House further adjusted import tariffs on aluminum, steel, and copper. This tariff adjustment is temporary and will remain in effect until December 2027.
7. According to data released by Chinese customs and calculations by Antaike, my country imported 15,720 tons of tin concentrate in April 2026, equivalent to 5,134.7 tons of metal, a decrease of 5.5% month-on-month and an increase of 17.0% year-on-year.
