The Indian rupee fell to 94 against the US dollar, down 0.3%.

1. Anyuan Coal Mine of Anyuanxi Coal Co., Ltd. in Yijinhuoluo Banner has passed the inspection and acceptance for resumption of work and production and is ready to resume production. 2. Malaysia has lowered its December crude palm oil reference price, but due to the still relatively high price range, the export tax remains at 10%. 3. OPEC maintains its global oil demand growth forecasts for 2026 and 2027 unchanged. 4. Domestic polysilicon production in November will decrease to approximately 84,000 tons, a month-on-month decrease of about 23.3%. 5. The China Iron and Steel Association issued a document requiring enterprises to implement capacity expansion and upgrading of restricted equipment or gradually phase it out within a specified period. The steel industry has explicitly expressed its opposition to this. 6. The third round of coking coal price reductions has begun. Some steel mills in Tangshan have reduced the price of wet-quenched coking coal by 50 yuan/ton and dry-quenched coking coal by 55 yuan/ton. 7. As of November 11, 43 coal mines in Shanxi Province remained shut down, an increase of 3 compared to the previous week; the corresponding capacity was 47.35 million tons, an increase of 2.65 million tons compared to the previous week. 8. Data from the Southern Peninsula Palm Oil Pressors Association (SPPOMA) shows that Malaysian palm oil yield from November 1-10, 2026, decreased by 24.52% compared to the same period last month. 9. As of November 11, 2026, China's total methanol port inventory was 442,800 tons, an increase of 30,100 tons from the previous period. 10. Linyi City, Shandong Province, issued an orange alert for heavy air pollution at 10:00 AM on November 10. This alert may disrupt production and raw material transportation for smelting enterprises in Shandong. 11. The Indian government announced an immediate ban on the export of lithium-ion battery black powder. Black powder is a battery recycling material containing metals such as lithium, cobalt, nickel, and manganese.

Iranian Parliament Speaker Mohammad Ghalibaf stated that the Strait of Hormuz will not be restored to its pre-war state. Iran and Oman have reached an agreement on the passage method in the Strait of Hormuz. The United States, located 12,000 kilometers away, has no right to decide the passage method in the Strait of Hormuz. If the Americans claim that the Strait of Hormuz has no impact on them, then they should simply leave!