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IMF managing director GEORGIEVA urged policymakers not to delay action when they see inf rising.

2026-10-12

IMF managing director GEORGIEVA urged policymakers not to delay action when they see inf rising.

Other News
2026-10-12

1. According to data from the Shanghai Shipping Exchange, as of October 9th, the Shanghai Containerized Freight Index (SCFI) was 3664.11 points, up 1.81 points compared to the previous period. 2. According to Mysteel, some steel mills in Xingtai mar

1. According to data from the Shanghai Shipping Exchange, as of October 9th, the Shanghai Containerized Freight Index (SCFI) was 3664.11 points, up 1.81 points compared to the previous period. 2. According to Mysteel, some steel mills in Xingtai market have lowered prices for wet-quenched coke by 100 yuan/ton and dry-quenched coke by 110 yuan/ton, effective from midnight on October 12th, 2026. 3. The total inventory of imported iron ore at 45 ports nationwide was 164.8022 million tons, an increase of 693,800 tons month-on-month; the average daily port throughput was 3.411 million tons, a decrease of 30,000 tons. 4. The Malaysian Ministry of Finance stated that the government will spend a total of RM3.886 billion on edible oil subsidies in 2024 and 2025, exceeding the RM3.278 billion collected from the palm oil windfall tax during the same period. 5. An official from the Indonesian Palm Oil Association (GAPKI) said on Friday that Indonesia's crude palm oil production in 2027 is projected at 51.7 million tons, lower than the 53.7 million tons projected for this year. 6. The Ministry of Agriculture and Rural Affairs: This month's forecast for China's soybean production in 2026/27 is 20.36 million tons, a reduction of 590,000 tons from last month's forecast. 7. The Ministry of Commerce has formulated detailed rules for the application and allocation of sugar import tariff quotas in 2027. The total sugar import tariff quota for 2027 is 1.945 million tons, of which 70% is a state-traded tariff quota.
2026-10-12

Onshore yuan closed at 6.6930 per USD at 16:30 on Oct 12, down 9 pips from the previous session.

Onshore yuan closed at 6.6930 per USD at 16:30 on Oct 12, down 9 pips from the previous session.
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