1. According to the China Iron and Steel Association (CISA), in late August, the social inventory of five major steel products in 21 cities was 9.71 million tons, unchanged from the previous month.
2. The Ministry of Agriculture and Rural Affairs stated that it will continue to focus on grain production without any relaxation, and will promote large-scale yield increases with higher requirements.
3. A senior official from Indonesia's Ministry of Energy stated on Wednesday that Indonesia will maintain its B50 policy next year, requiring companies to clear their B40 inventory and transition to B50 by the end of September.
4. Officials from the Indonesian Palm Oil Association (GAPKI) stated on Wednesday that Indonesia's palm oil production is expected to decline by 2.9% to 56.8 million tons in 2027.
5. Indonesia's Ministry of Energy and Mineral Resources (ESDM) confirmed that the compilation system for the 2027 Work Plan and Budget (RKAB) for the mining and coal industry will remain unchanged.
6. The Baltic Dry Index rose 174 points, or 5.5%, to 3331 points, the highest level since December 2023. 7. Traders indicated that India's palm oil imports rose 7% month-on-month in August to 780,000 tons, the highest level in six months.
8. According to SMM, a conference on the organosilicon industry confirmed that the industry's production cut of 50% in September will remain the same as in August; major monomer plants will raise prices again by 200 yuan/ton on September 7th.
9. Indonesia's largest nickel industrial park—the Morowali Industrial Park—may significantly reduce production due to water supply constraints at its smelters. Its media relations head, Dedy Kurniawan, stated in a statement that if a new water source cannot be found, the park may be forced to reduce production by 30% to 40%.
