Customs: China's soybean imports were 11.88 mln tonnes in September, down from 12.141 mln tonnes in August.

China's State Administration for Market Regulation (SAMR) issued a notice launching a special rectification of risk hazards in saturated‑steam spherical tanks. Design firms for newly manufactured sphere tanks must carry out design‑stage risk assessments based on client conditions, including caustic/alkali stress corrosion, corrosion fatigue, assessment of hazards from saturated‑water flashing and possible explosions, and analysis of instrument impulse‑line freezing risk in low‑temperature use. Required mitigation measures include post‑weld heat‑treatment and weld‑joint hardness testing, periodic testing of in‑tank saturated water quality, automatic internal water‑level control, and optimization of insulation‑layer structural design.

WALLER: The safety premium on U.S. Treasuries has disappeared.