1. According to Mysteel, as of the week ending November 5th, apparent demand for rebar shifted from growth to decline, while production increased for the fourth consecutive week. Mill inventories shifted from decline to growth, and social inventories decreased for the fourth consecutive week. Specifically, rebar production reached 1.859 million tons, an increase of 47,200 tons from the previous week, a rise of 2.61%; apparent demand was 2.008 million tons, a decrease of 52,700 tons from the previous week, a drop of 2.56%.
2. According to Jiao Lian Information, as of November 2nd, the Ganqimaodu Port had handled a cumulative import and export cargo volume of 39.7921 million tons. This included 37.4166 million tons of imported coal; 1.6119 million tons of imported copper concentrate; 2,400 tons of imported manganese ore; and 761,200 tons of exported goods.
3. According to data released by the Malaysian Palm Oil Association (MPOA), Malaysian palm oil production from October 1st to 31st increased by 5.53% compared to the same period last month, reaching 2.23 million tons. Production in Peninsular Malaysia increased by 2.37%, East Malaysia by 9.45%, Sabah by 10.94%, and Sarawak by 5.82%.
4. At a regular press conference on November 5th, Huang Ling, spokesperson for the Ministry of Commerce, stated that China has always been open to expanding its agricultural purchases from the US, but this is contingent on the implementation of the agreed-upon "30 billion for 30 billion" reciprocal tariff reduction arrangement.
5. According to Pan-Sugar Technology, 51 sugar mills in Yunnan are expected to start crushing in the 2026/27 crushing season, slightly earlier than in previous years. Based on data from local sugar associations, the sugarcane planting area in Yunnan is expected to show a slight overall increase in the 2026/27 crushing season, with sugar production projected to reach a new high of 3.4 million tons.
6. Data from Longzhong Information shows that as of November 5th, the total inventory of float glass sample enterprises nationwide was 68.962 million weight boxes, a decrease of 1.557 million weight boxes (2.21%) compared to the previous period, and an increase of 9.23% year-on-year. Inventory days remained unchanged at 32.2 days. MEG inventory in major ports in East China totaled 162,000 tons, an increase of 22,000 tons from the previous period. Domestic soda ash producers' total inventory was 1,412,800 tons, an increase of 46,600 tons from Monday, a rise of 3.41%.
7. World Gold Council: Global gold ETFs continued to expand, with net inflows of $2.7 billion in October; global gold ETF holdings increased by 19 tons to 4,275 tons; however, affected by the decline in gold prices that month, its assets under management (AUM) decreased by 6% to $542 billion.
8. Data from the London Metal Exchange (LME) on Thursday showed that more than 70% of LME copper inventories are currently located in US warehouses, the highest level since March 2019, as the market piled up inventories in the US ahead of potential import tariffs.
9. Data released by Chilean customs shows that Chile's copper exports in October totaled 180,665 tons, with 13,652 tons exported to China during the same month; copper ore and concentrate exports totaled 1,350,404 tons, with 818,899 tons exported to China; lithium exports totaled 23,288 tons, of which lithium carbonate exports totaled 22,282 tons, with 14,335 tons exported to China.
