1. The U.S. Climate Prediction Center stated that the strong El Niño event that has emerged this year, already disrupting global weather patterns, has a 75% probability of becoming a "historic event," surpassing all records since 1950. In an update on Thursday, the center stated that El Niño is likely to continue strengthening until the end of the year. However, the stronger it becomes, the more likely it is to affect global weather in a predictable way.
2. According to Mysteel, as of the week ending September 10th, rebar production was 1.716 million tons, an increase of 24,700 tons from the previous week, a rise of 1.46%; rebar mill inventory was 1.6181 million tons, an increase of 23,100 tons from the previous week, a rise of 1.45%; rebar social inventory was 4.893 million tons, a decrease of 161,600 tons from the previous week, a drop of 3.20%; and rebar apparent demand was 1.8545 million tons, an increase of 66,300 tons from the previous week, a rise of 3.71%.
3. This week, Mysteel's statistics show that the verified capacity utilization rate of 523 coking coal mines was 70.8%, an increase of 2.9% week-on-week. 4. The average daily output of raw coal was 1.589 million tons, an increase of 66,000 tons week-on-week; raw coal inventory was 4.065 million tons, an increase of 52,000 tons week-on-week.
The average daily output of refined coal was 662,000 tons, an increase of 34,000 tons week-on-week; refined coal inventory was 1.315 million tons, an increase of 13,000 tons week-on-week.
5. According to research by Zhuochuang Information and recent monitoring results of sample points in the cotton market in northern and southern Xinjiang, the total cotton output in Xinjiang in 2026 is expected to be around 7 million tons, a decrease of 4.34% year-on-year.
6. Data released by the U.S. Department of Agriculture (USDA) shows that private exporters reported sales of 272,000 tons of soybeans to China and 206,500 tons of soybeans to unknown destinations, all for delivery in the 2026/2027 marketing year.
7. USDA drought report: The drought rate in U.S. soybean producing areas fell to 27%, down from 30% last week; the drought rate in U.S. corn producing areas was 25%, down from 28% last week; and the drought rate in U.S. cotton producing areas was 63%, down from 59% last week. 7. According to MPOB data, Malaysia's palm oil imports in August were 49,524 tons, a decrease of 0.09% month-on-month; palm oil stocks in August were 2.8245 million tons, an increase of 7.48% month-on-month; crude palm oil production was 1.8175 million tons, an increase of 1.39% month-on-month; and palm oil exports were 1.2947 million tons, a decrease of 7.50% month-on-month.
8. According to Longzhong Information, as of September 10, 2026: This week, the total inventory of domestic soda ash manufacturers was 1.9311 million tons, an increase of 10,500 tons from Monday, a rise of 0.55%. Among them, light soda ash was 1.0044 million tons, a decrease of 10,700 tons week-on-week, and dense soda ash was 926,700 tons, an increase of 21,200 tons week-on-week. Compared with last Thursday, it increased by 19,800 tons, a rise of 1.04%.
9. According to data from Fubao Information's research: As of September 10, the weekly lithium carbonate production was 25,400 tons, an increase of 2.83% week-on-week (an increase of 700 tons compared to the previous period); lithium carbonate inventory was 69,400 tons, a decrease of 2.48% week-on-week (a decrease of 1,767 tons compared to the previous period).
