1. The Houthi-controlled Yemeni oil company stated that the facilities attacked by Saudi Arabia contained "no oil materials," and that their stockpiles are stored in multiple secure locations. We assure everyone that the supply situation is completely stable, and there is no reason for concern.
2. The National Energy Administration held its third energy regulatory work meeting of 2026 in Beijing. The meeting emphasized the need for early planning for energy supply and regulation during the peak winter season, and strengthened supply and demand monitoring and early warning.
3. According to Mysteel, since October, the resumption of production at coking coal mines in Shanxi Province has accelerated, and the number of coking coal production shutdowns has significantly decreased.
4. The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to launch bull and hog futures contracts.
5. Cheng Weidong of the Dalian Commodity Exchange stated that the correlation between spot and futures prices for chemical products on the Dalian Commodity Exchange remains stable at over 90%, and hedging efficiency exceeds 90%.
6. Wage settlement negotiations between the union at Chile's large Escondida copper mine and operator BHP Billiton entered their final day.
7. A leading polysilicon manufacturer held a closed-door meeting in Hangzhou regarding a "price floor"? On the morning of October 13th, a representative from GCL Technology confirmed the aforementioned closed-door meeting. A representative from GCL Group stated regarding the specific prices of silicon materials and modules, "As long as the price doesn't fall below 43,000 yuan/ton, we definitely won't incur losses; otherwise, we wouldn't have set this threshold."
8. According to the China Iron and Steel Association, in early October, the social inventory of five major steel products in 21 cities was 9.39 million tons, an increase of 250,000 tons, or 2.7%, compared to the previous week, reversing the previous decline.
9. The USDA's weekly crop progress report showed that as of the week ending October 11, 2026: the US soybean harvest was 46%, higher than the market expectation of 44%, while the US corn harvest was 33%, lower than the market expectation of 38%.
10. OPEC lowered its 2026 global oil demand growth forecast to 180,000 barrels per day (previously 380,000 barrels per day); OPEC raised its 2027 global oil demand growth forecast to 2.55 million barrels per day (previously 2.36 million barrels per day). 11. The International Nickel Study Group (INSG) said on Tuesday that it expects both global nickel demand and production to grow in 2027.
12. BMI raised its average 2026 copper price forecast to $13,500 per tonne from $12,700, citing market disruptions caused by tariff-related policies and continued constraints on copper supply.
