1. Data from the Shanghai Shipping Exchange shows that as of July 24, the Shanghai Containerized Freight Index (SCFI) was 3062.95 points, down 17.36 points from the previous period. The China Containerized Freight Index (CCFI) was 1901.27 points, down 0.5% from the previous period.
2. The China Securities Regulatory Commission (CSRC) has approved the registration of hot-rolled coil and stainless steel options on the Shanghai Futures Exchange. The CSRC will urge the Shanghai Futures Exchange to complete all preparations to ensure the smooth launch and stable operation of hot-rolled coil and stainless steel options.
3. Regarding the rumor on July 24 that "Tangshan will require steel companies to suspend or limit production from 00:00 on July 25 to 12:00 on July 29, with blast furnaces operating at 20% and sintering kilns at 40%", Mysteel conducted a follow-up survey of steel companies throughout the entire process in Tangshan: Steel mills stated that they had received the notification, and some steel companies' blast furnaces have already suspended production for maintenance. Other steel companies indicated that blast furnace production will be appropriately controlled or rotated for shutdown, with specific plans pending.
4. According to the Securities Times, on July 24, Zhang Xingwang, Vice Minister of Agriculture and Rural Affairs, stated at a press conference held by the State Council Information Office that the comprehensive regulation of pig production capacity has initially shown results, with the number of breeding sows currently reduced to 37.8 million, returning to the reasonable range for production capacity regulation.
5. According to foreign media reports, Indonesia, Malaysia, and Thailand have finalized a memorandum of understanding on palm oil cooperation.
6. According to data released by the Malaysian Palm Oil Association (MPOA), Malaysian palm oil production from July 1-20 increased by 6.85% compared to the same period last month. Specifically, production in Peninsular Malaysia increased by 10.64%, Borneo by 1.72%, Sabah by 0.09%, and Sarawak by 6.28%.
7. Recently, heavy rainfall and high-altitude snowfall have hit central Chile and the Atacama region, prompting several copper mines to activate winter emergency measures. This round of disruptions is mainly concentrated in central Chile and some high-altitude mining areas. Major copper mines in the far north are generally operating normally, and no nationwide large-scale shutdowns have occurred.
8. As of Thursday this week, the total installed capacity of metallurgical-grade alumina in China was 118.42 million tons/year, and the total operating capacity was 88.86 million tons/year. The national weekly operating rate of alumina remained unchanged from the previous week at 75.04%.
