CANADA PM CARNEY SPOKE WITH TRUMP ON WEDNESDAY - PM'S OFFICE

1. According to Mysteel, Hebei Iron & Steel Group's latest price for ferrosilicon manganese is 6550 yuan/ton, with the first round of inquiries at 6300 yuan/ton. The January price for ferrosilicon manganese is 5920 yuan/ton. 2. China National Grain Reserves Corporation (CNGRC) issued a notice regarding the central government's frozen pork reserve auction on April 3, 2026: 10,000 tons will be offered in this auction. 3. The Guangzhou Futures Exchange adjusted the minimum order quantity, transaction fees, transaction limits, and margin requirements for polysilicon futures contracts. 4. According to CCTV News, the Datong-Qinhuangdao Railway, a crucial energy corridor in my country, began a 30-day spring maintenance campaign on April 1. 5. According to the National Development and Reform Commission (NDRC), the NDRC, the Ministry of Commerce, and the Ministry of Finance will soon conduct the second batch of central government frozen pork reserve purchases this year, requiring local governments to simultaneously purchase and store pork to better leverage the regulatory role of reserves. 6. According to sources, Emirates Global Aluminium (EGA), the Middle East's largest aluminum producer, has suspended operations following attacks by Iranian missiles and drones on its Al Taweelah smelter on the outskirts of Abu Dhabi. 7. According to the Wall Street Journal, sources say US President Trump is expected to make comprehensive adjustments to steel and aluminum tariffs. The Trump administration is reportedly adjusting finished product tariffs to simplify compliance. 8. Consulting firm StoneX said on Wednesday that it expects Brazil's soybean production for 2025/26 to reach 179.7 million tons, a 1% upward revision from its March forecast. The firm said the upward revision is due to higher-than-expected production in northern, northeastern, and midwestern Brazil. 9. The USDA's monthly oilseed crush report shows that U.S. soybean crush volume in February 2026 will be 6.43 million short tons (214.2 million bushels), consistent with previous industry analyst estimates. January 2026 crush volume was 6.84 million tons (228 million bushels), and February 2025 crush volume was 5.69 million tons (190 million bushels). 10. The Indonesian Palm Oil Association predicts that Indonesian palm oil exports will decline to around 30 million tons in 2026, compared to 32 million tons in 2025. With the implementation of the B50 program in the second half of 2026, biodiesel feedstock demand is expected to reach around 15 million tons, an increase of 2 million tons compared to 2025. 11. The latest data from the Fujairah oil industrial zone in the UAE shows that as of the week ending March 30, total refined petroleum product inventories at the port of Fujairah were 13.321 million barrels, a decrease of 700,000 barrels from the previous week.

US President Trump will deliver a national address in ten minutes, providing an "important update" on the Iran issue.

The State Tobacco Monopoly Administration issued a notice soliciting public opinions on the "Notice of the State Tobacco Monopoly Administration on Revising Some Regulatory Policy Documents for E-cigarettes (Draft for Solicitation of Opinions)".

Asian Stocks 1. The Shanghai Composite Index closed up 56.69 points, or 1.46%, at 3948.55 on Wednesday, April 1st. 2. The Shenzhen Component Index closed up 228.46 points, or 1.7%, at 13706.52 on Wednesday, April 1st. 3. The CSI 300 Index closed up 76.02 points, or 1.71%, at 4526.07 on Wednesday, April 1st. 4. The ChiNext Index closed up 62.57 points, or 1.96%, at 3247.52 on Wednesday, April 1st. 5. The STAR Market 50 Index closed up 41.87 points, or 3.33%, at 1298.20 on Wednesday, April 1st. 6. The Hong Kong Hang Seng Index closed up 505.89 points, or 2.04%, at 25294.03 on Wednesday, April 1st. The Hong Kong Hang Seng Tech Index closed up 106.63 points, or 2.29%, at 4756.45 on Wednesday, April 1st. European Stocks 1. Germany's DAX 30 index closed up 676.54 points, or 2.99%, at 23,309.72 points on Wednesday, April 1st; 2. The UK's FTSE 100 index closed up 187.38 points, or 1.84%, at 10,363.83 points on Wednesday, April 1st; 3. France's CAC 40 index closed up 164.33 points, or 2.10%, at 7,981.27 points on Wednesday, April 1st; 4. The Euro Stoxx 50 index closed up 163.97 points, or 2.94%, at 5,733.70 points on Wednesday, April 1st; 5. Spain's IBEX 35 index closed up 536.50 points, or 3.15%, at 17,586.10 points on Wednesday, April 1st; 6. The Italian FTSE MIB index closed up 1425.79 points, or 3.22%, at 45735.50 on Wednesday, April 1st. US Stocks: 1. The Dow Jones Industrial Average closed up 224.35 points, or 0.48%, at 46565.86 on Wednesday, April 1st; 2. The S&P 500 index closed up 46.84 points, or 0.72%, at 6575.36 on Wednesday, April 1st; 3. The Nasdaq Composite Index closed up 250.32 points, or 1.16%, at 21840.95 on Wednesday, April 1st.

Mexican budget documents: The Mexican Ministry of Finance projects the average blended price of oil exports to be $77.3 per barrel in 2026 and $54.7 per barrel in 2027.