1. According to data from the Shanghai Shipping Exchange, as of October 23, the Shanghai Containerized Freight Index (SCFI) was 3681.34 points, up 1.76 points from the previous period. The China Containerized Freight Index (CCFI) was 1876.27 points, down 2.4% from the previous period.
2. According to the World Steel Association, global crude steel production in September 2026 was 142.4 million tons, a year-on-year decrease of 0.2%. China's steel production was 73.6 million tons, a year-on-year increase of 0.1%. India's steel production was 13.9 million tons, a year-on-year increase of 1.9%. The United States' steel production was 7.2 million tons, a year-on-year increase of 4.3%.
3. According to Mysteel's research, Qinyuan County in Changzhi City has 29 coal mines with a total capacity of 35.8 million tons, including 24 coking coal mines with a capacity of 27.7 million tons. Currently, 8 coal mines are actually producing coal, with a total capacity of 8.7 million tons.
4. According to SteelHome E-commerce, the total urban inventory this week was 8.9923 million tons, a decrease of 214,900 tons (-2.33%) compared to last week, covering 37 cities and a total of 126 warehouses.
5. A weekly report from the Argentine National Secretariat of Agriculture, Livestock and Fisheries shows that sporadic soybean planting has begun in northern Buenos Aires Province, and soybean planting is expected to begin immediately in Córdoba Province once soil conditions improve.
6. According to the National Development and Reform Commission, the minimum purchase price policy will continue in major wheat-producing areas in 2027-2028. Taking into account factors such as grain production costs, market supply and demand, domestic and international market prices, and industrial development, the minimum purchase price for grade 3 wheat produced in 2027-2028 is set at 119 yuan per 50 kg.
7. According to Zhuochuang Information, given that India's previous round of tenders did not meet procurement expectations, the market generally believes that India will issue another round of tenders in October or November. If India issues a new round of tenders before the end of October, the final closing date is expected to be around mid-November. During this period, the domestic market will likely remain cautious, and the results of the tenders (both in terms of quantity and price) will determine the extent to which China's export quotas are utilized by the end of the fourth quarter.
8. The National Energy Administration held a meeting to promote medium- and long-term oil and gas reserve and production growth. The meeting required oil and gas companies to continue to increase investment and workload, strengthen technological research, enhance enterprise-local government collaboration, deepen enterprise reform, and promote oil and gas reserve and production growth in key areas of "two deeps, one non-conventional, and one old" (deep-sea, deep-earth, unconventional, and old oilfields), achieving steady growth in crude oil production and rapid growth in natural gas production.
