1. According to data from the Shanghai Shipping Exchange, as of November 2, 2026, the Shanghai Export Containerized Freight Index (Europe route) was 2304.32 points, up 4.8% compared to the previous period.
2. Maersk: The ME1 GEMINI service will now sail via the Suez Canal instead of the Cape of Good Hope.
3. The National Energy Administration stated that in the third quarter of 2026, my country's coal-fired power generation and its proportion decreased year-on-year, indicating new progress in the low-carbon transformation of energy. With the recent accelerated implementation of measures to increase coal production and ensure supply, coal supply has steadily recovered, coal consumption has remained relatively stable, the supply-demand gap has further narrowed, and coal inventories for power generation have remained within a safe and reasonable range, providing a solid foundation for ensuring supply during the peak winter season.
4. Mysteel statistics show that Shanxi coking coal mines continue to resume production, and the number of mines shut down has further decreased. As of November 2, a total of 40 coal mines remained shut down, a decrease of 4 mines week-on-week; involving a capacity of 44.7 million tons, an increase of 800,000 tons week-on-week.
5. According to Jiaolian Information, Handan has initiated autumn and winter steel production control measures, with 26 blast furnaces being shut down in batches. The first five furnaces have ceased production, reducing daily pig iron output by approximately 7,000 tons.
6. Agricultural consulting firm AgRural stated on Monday that Brazil's soybean planting area for the 2026/27 marketing year has reached 53% of the planned planting area, up from 40% the previous week and ahead of the 47% recorded at the same time last year.
7. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that from October 1st to 31st, 2026, Malaysian palm oil yield increased by 0.11% compared to the same period last month, oil extraction rate decreased by 0.19%, and production decreased by 0.84%.
8. The U.S. Department of Agriculture (USDA) released its weekly crop progress report early Tuesday morning, showing that as of the week ending November 1st, the U.S. soybean harvest was 88% complete, in line with market expectations. The previous week's figure was 79%, and the five-year average is 84%. The US corn harvest is 74% complete, below market expectations of 73%, and up from 60% the previous week. The five-year average is 77%.
9. According to Mutian Technology, based on current sugarcane conditions, Guangxi's sugar production for the 2026/2027 crushing season is estimated at around 8.1 million tons, an increase of 400,000 tons year-on-year. Given the steady increase in sugarcane planting area in Yunnan Province for the 2026/2027 crushing season compared to the previous season, sugar production is expected to be around 3.4 million tons.
10. According to the National Grain and Material Reserves Data Center, oil mills will resume high operating rates in November, with soybean crushing volume expected to rebound to around 9 million tons, roughly the same as the same period last year. Oil mills are expected to maintain high operating rates this week, with soybean crushing volume remaining around 2.1 million tons.
11. The Yichun Municipal Bureau of Ecology and Environment announced that it intends to accept the environmental impact assessment documents for the lithium mine project in the Shuainan mining area of Yifeng County, Jiangxi Province, owned by Yichun Guoxuan Mining Co., Ltd. The mining area is located in Huaqiao Township, Yifeng County, Yichun City, Jiangxi Province. The designated mining area is 0.2546 square meters, and the annual mining capacity is 1.8 million tons of lithium (co-existing ceramic clay) ore.
