1. The National Mine Safety Administration held a national meeting in Xianyang, Shaanxi Province, to promote safety construction in mine work teams. The meeting emphasized the need for orderly production stabilization and supply assurance, requiring coal mining enterprises to coordinate development and safety, conduct production stabilization and supply assurance in accordance with laws and regulations, and resolutely adhere to safety red lines.
2. Mysteel's survey shows that nine coking coal mines in Lingshi County, Jinzhong City, Shanxi Province, are currently shut down, with a total approved capacity of 6.3 million tons. Five of these mines are long-term shutdowns with no immediate expectation of resumption; the remaining four are temporary shutdowns, and inspections will be expedited under the background of increasing production and stabilizing supply. They are expected to resume production after meeting acceptance conditions, but the specific resumption time is uncertain.
3. According to data from Zhaogang.com, as of the week ending November 4th, national construction material output was 4.2193 million tons, a decrease of 63,000 tons from the previous week; total inventory was 8.4582 million tons, a decrease of 196,200 tons from the previous week; and apparent demand was 4.4155 million tons, an increase of 24,900 tons from the previous week.
4. The China Apple Industry Association issued an initiative on viewing the apple production and sales situation rationally and actively, and jointly resisting speculative activities related to market information: Face the pressure squarely and respond proactively. Speak rationally and reject speculation. Let the data speak for itself and jointly safeguard order.
5. Five traders stated that India's palm oil imports in October increased by 6% month-on-month to 866,000 tons, the highest since August 2025.
6. According to foreign media reports, as independent crushing plants struggle to clear their inventories, industry insiders are urging the government to temporarily suspend the 10% export tax on CPO, arguing that the tax further weakens Malaysia's competitiveness relative to cheaper Indonesian supplies. Industry estimates suggest that Indonesian CPO is 700 to 900 ringgit cheaper per ton than Malaysian CPO.
7. According to Longzhong Information, as of November 4, 2026, China's total methanol port inventory was 412,700 tons, an increase of 58,900 tons from the previous period. China's methanol sample production enterprises' inventory was 310,800 tons, a decrease of 14,200 tons from the previous period, a week-on-week decrease of 4.37%.
8. EIA data shows that as of the week ending October 30, U.S. commercial crude oil inventories, excluding strategic reserves, decreased by 865,000 barrels to 410 million barrels, a decrease of 0.21%, the lowest since the week ending July 31, 2026.
9. Indonesia's National Economic Council (DEN) supports the Ministry of Energy and Mineral Resources (ESDM) in cutting nickel production through the Mining Work Plan and Budget (RKAB) to alleviate the global supply glut and support nickel prices.
