1.
Reports indicate that coking and steel mills in Tangshan began production restrictions on September 16th due to environmental protection. Steel mills are shutting down 40% of their blast furnaces, and coking plants are extending their coking time by 30% based on equipment. According to surveys, some companies have reported receiving notice of production restrictions, and some have already extended their coking time by 30%. Currently, the overall operating rate of coking plants in Tangshan is around 75%.
2. Hainan District, Wuhai City, issued a "Letter Regarding Power Cuts for Enterprises," listing 13 coal washing enterprises as non-compliant with various environmental standards. Of these, four have suspended production for more than three months, five are operating at a semi-operating level, and four are operating permanently.
3. According to the National Grain and Oil Information Center, this week's crushing volume is expected to remain around 2.4 million tons. Soybean meal output is expected to increase, but the rate of accumulation is slow due to demand. Oil mill soybean meal inventories are expected to be around 1.2 million tons by the end of September. 4.
The U.S. Environmental Protection Agency (EPA) has released a proposal to reallocate biofuel blending obligations exempted under the Small Refinery Exemption (SRE) program to large refineries, offering two primary options: 50% and 100%. The EPA also stated that it will request comment on other potential allocation options, such as 25%, 75%, or none at all.
5.
The Brazilian National Association of Grain Exporters (Anec) announced that Brazil's soybean exports are expected to rise to 7.53 million tons in September, compared to 7.43 million tons projected the previous week. Brazilian soybean meal exports are projected to reach 2.19 million tons in September, compared to 2.11 million tons the previous week. Brazilian corn exports are projected to reach 7.12 million tons in September, compared to 6.96 million tons the previous week.
6. The China National Grain and Oils Reserve Network will conduct a rotational release auction of frozen pork from the central reserve on September 18. This release auction will include 15,000 tons of domestically produced frozen pork. 7.
Data released by the Brazilian Vegetable Oil Industry Association (Abiove) shows that Brazil's soybean production forecast for 2024/25 remains unchanged at 170.3 million tons. Brazil's soybean exports in 2025 are projected to remain at 109.5 million tons.
The 2025 soybean crushing forecast for Brazil has been raised to 58.5 million tons.
8.
According to Longzhong Information, since September, most deep-processing orders in major regions across China have not seen a significant improvement. Most orders are still based on individual orders, with most orders waiting for around seven days, and overall profits remain low. A few engineering projects undertaken by medium and large enterprises still have waiting times ranging from 20 to 60 days.
9. Data released by the London Metal Exchange (LME) shows that nickel inventories have accelerated in the past two weeks. On September 16, nickel inventories on the London Metal Exchange (LME) increased by 1,950 tons to 226,400 tons, a four-year high. Chile expects copper production to increase this year despite setbacks at two major mines, providing some respite to a tight global market. Mining Minister Aurora Williams said copper production is still expected to rise this year and next, reaching a record 6 million tons by 2027.
