China coking coal futures extended gains: the main 2701 contract was up nearly 2% at 1,618 yuan/ton, while the 2609 contract jumped over 4% to 1,719 yuan/ton and is up more than 45% in August to date.

U.S. diesel inventories are at the lowest seasonal level since the 1980s while the market heads into its seasonal demand peak (late-summer/autumn farm harvest then winter heating), leaving the diesel complex highly sensitive to supply shocks. On-highway diesel average retail price on Aug. 24 was about $5.65/gal, roughly $1.94/gal higher YoY (+>50%) and near 2022 highs, indicating tight stocks are already feeding into end-user prices. U.S. refineries are running near capacity even as inventories sit at multi-decade lows, and global supply risks — Middle East refinery damage, attacks on Russian refineries, and Strait of Hormuz shipping disruptions — are compounding the squeeze. Market implications include upside risk to diesel and crude prices, positive sensitivity for refining equities, potential pass-through to U.S. inflation and attendant implications for Fed policy.

匈牙利總理毛焦爾：政府將於1月1日起提高最低養老金。