Report Information - Report Title: Coke Daily Report - Report Date: November 11, 2025 - Research Team: Black Team of the Research Center [1] Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Relevant Data Coke Prices - The latest price of Shanxi quasi - first wet quenching coke is 1591.62, with no daily change, a weekly increase of 54.61, a monthly increase of 109.23, and a year - on - year decrease of 15.71% [2] - The latest price of Hebei quasi - first dry quenching coke is 1845.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year increase of 1.93% [2] - The latest price of Shandong quasi - first dry quenching coke is 1770.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 14.29% [2] - The latest price of Jiangsu quasi - first dry quenching coke is 1810.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 14.01% [2] - The latest price of Inner Mongolia second - grade coke is 1280.00, with no daily change, a weekly increase of 50.00, a monthly increase of 100.00, and a year - on - year decrease of 17.42% [2] Production and Utilization Rates - The blast furnace operating rate is 87.81, with a weekly decrease of 0.80, a monthly decrease of 2.74, and a year - on - year decrease of 0.67% [2] - The daily average iron water output is 234.22, with a weekly decrease of 2.14, a monthly decrease of 7.32, and a year - on - year increase of 0.07% [2] - The coking capacity utilization rate is 72.74, with a weekly decrease of 0.42, a monthly decrease of 2.26, and a year - on - year decrease of 0.49% [2] - The daily average coke output is 53.14, with a weekly decrease of 0.16, a monthly increase of 0.83, and a year - on - year increase of 5.19% [2] Inventory Data - The coking plant inventory is 36.50, with a weekly decrease of 1.02, a monthly decrease of 6.04, and a year - on - year decrease of 17.16% [2] - The port inventory is 202.11, with a weekly decrease of 8.99, a monthly increase of 7.02, and a year - on - year increase of 16.73% [2] - The steel mill inventory is 626.64, with a weekly decrease of 2.41, a monthly decrease of 24.18, and a year - on - year increase of 7.76% [2] - The steel mill inventory days are 11.07, with a weekly decrease of 0.50, a monthly decrease of 0.35, and a year - on - year decrease of 0.81% [2] Futures Market Data - The latest price of the 05 futures contract is 1875, with a daily decrease of 20.50, a weekly decrease of 10.00, a monthly increase of 61.50, and a year - on - year decrease of 11.05% [2] - The latest price of the 09 futures contract is 1953, with a daily decrease of 22.50, a weekly decrease of 9.50, a monthly increase of 48.00, and a year - on - year decrease of 8.80% [2] - The latest price of the 01 futures contract is 1748, with a daily decrease of 16.50, a weekly decrease of 5.50, a monthly increase of 86.50, and a year - on - year decrease of 13.81% [2] - The 05 basis is 29.97, with a daily increase of 20.50, a weekly increase of 68.72, a monthly increase of 72.08, and a year - on - year decrease of 13.21 [2] - The 09 basis is - 48.03, with a daily increase of 22.50, a weekly increase of 68.22, a monthly increase of 85.58, and a year - on - year decrease of 57.71 [2] - The 01 basis is 156.97, with a daily increase of 16.50, a weekly increase of 64.22, a monthly increase of 47.08, and a year - on - year increase of 33.79 [2] - The 5 - 9 spread is - 127.00, with a daily increase of 4.00, a weekly increase of 4.50, a monthly increase of 25.00, and a year - on - year decrease of 47.00 [2] - The 9 - 1 spread is - 78.00, with a daily increase of 2.00, a weekly decrease of 0.50, a monthly increase of 13.50, and a year - on - year decrease of 44.50 [2] - The 1 - 5 spread is 205.00, with a daily decrease of 6.00, a weekly decrease of 4.00, a monthly decrease of 38.50, and a year - on - year increase of 91.50 [2]

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report No clear core view is presented in the given content. It mainly provides data on global asset market performance, including bond yields, exchange rates, stock indices, and trading data of stock index futures and treasury bond futures. 3. Summary by Relevant Catalogs Global Asset Market Performance - **10 - Year Treasury Bond Yields**: Yields vary across different economies. For example, on 2025/11/10, the US 10 - year treasury bond yield was 4.117, with a latest change of 0.019, a one - week change of 0.006, a one - month change of 0.083, and a one - year change of - 0.168 [3]. - **2 - Year Treasury Bond Yields**: Different economies also show different trends. The US 2 - year treasury bond yield on 2025/11/10 was 3.570, with a latest change of - 0.060, a one - week change of - 0.040, a one - month change of 0.090, and a one - year change of - 0.540 [3]. - **Dollar to Major Emerging Economies Currency Exchange Rates**: The exchange rates have different changes. For example, the dollar - to - Brazilian real exchange rate on 2025/11/10 was 5.301, with a latest change of - 0.62%, a one - week change of - 1.07%, a one - month change of - 3.02%, and a one - year change of - 8.41% [3]. - **Stock Indices**: Stock indices of various economies have different performances. For instance, the S&P 500 index value on 2025/11/10 was 6832.430, with a latest change of 0.51%, a one - week change of 0.31%, a one - month change of - (not provided), and a one - year change of - (not provided) [3]. - **Credit Bond Indices**: Different credit bond indices have different changes. For example, the US investment - grade credit bond index had a one - month change of - 0.17% and a one - year change of 0.01% [3]. Stock Index Futures Trading Data - **Index Performance**: The closing price of A - shares was 4018.60, with a change of 0.53%. The closing price of the CSI 300 was 4695.05, with a change of 0.35% [5]. - **Valuation**: The PE(TTM) of the CSI 300 was 14.36, with a环比 change of 0.08. The PE(TTM) of the S&P 500 was 28.41, with a环比 change of 0.44 [5]. - **Risk Premium**: The risk premium of the S&P 500 (1/PE - 10 - year interest rate) was - 0.60, with a环比 change of - 0.08. The risk premium of the German DAX was 2.38, with a环比 change of - 0.08 [5]. - **Fund Flow**: The latest value of A - share fund flow was - 456.59, and the 5 - day average was - 482.23 [5]. - **Trading Volume**: The latest trading volume of the Shanghai and Shenzhen stock markets was 21744.54, with a环比 change of 1754.01 [5]. - **Main Contract Premium or Discount**: The basis of IF was - 23.05, with a magnitude of - 0.49%. The basis of IH was 0.14, with a magnitude of 0.00% [5]. Treasury Bond Futures Trading Data - **Closing Price and Change**: The closing price of T00 was 108.485, with a change of 0.00%. The closing price of TF00 was 105.940, with a change of 0.00% [6]. - **Funding Rate**: The R001 was 1.5226%, with a daily change of 5.00 BP. The R007 was 1.5039%, with a daily change of 3.00 BP [6].

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View - Not provided in the given content 3) Summary by Relevant Sections Price Performance - Latest prices: London Gold at 4090.25, London Silver at 50.04, London Platinum at 1554.00, London Palladium at 1396.00, LME Copper at 10779.50; Dollar Index at 99.62, Euro to US Dollar at 1.16, British Pound to US Dollar at 1.32, US Dollar to Japanese Yen at 154.13 [1] - Price changes: London Gold up 96.15, London Silver up 1.34, London Platinum down 8.00, London Palladium down 9.00, LME Copper up 64.50; Dollar Index up 0.07, Euro to US Dollar unchanged, British Pound to US Dollar unchanged, US Dollar to Japanese Yen up 0.71 [1] Trading Data - Latest inventory and持仓 data: COMEX Silver inventory at 14901.82, SHFE Silver inventory at 609.98, Gold ETF持仓 at 1042.06, Silver ETF持仓 at 15088.63, SGE Silver inventory at 905.24, SGE Gold deferred - fee payment direction at 1, SGE Silver deferred - fee payment direction at 2 [1] - Changes: COMEX Silver inventory down 31.46, SHFE Silver inventory down 13.07, Gold ETF持仓 unchanged, Silver ETF持仓 unchanged, SGE Silver inventory unchanged, SGE Gold deferred - fee payment direction down 1.00, SGE Silver deferred - fee payment direction unchanged [1] Data Sources - Data sources include Bloomberg, Yong'an Yuandian Information, and Wind [7]

Report Industry Investment Rating - No relevant information provided Core Viewpoints - On Monday, the futures market showed slight fluctuations. The EC2512 contract decreased slightly due to the expected price drop in November, while the spreads of EC2512 - EC2602 and EC2602 - EC2604 strengthened. The valuation of EC2512 is neutral, and considering the upcoming peak season and the long - term contract signing period in December, a strategy of reducing long positions is recommended. The valuation of EC2602 is harder to determine and is expected to follow the trend of EC2512 in the short term. If the peak season is realized, EC2602 may have more upside potential. The EC2604 contract is for the off - season, and it is recommended to take a short - selling approach considering the expected greater supply pressure in April [2]. Summary by Related Catalogs Futures Contracts - **Contract Prices and Changes**: The closing prices and price changes of multiple EC futures contracts are presented. For example, EC2512 closed at 1778.2 with a - 1.87% change, EC2602 at 1604.9 with a 0.81% change, etc. [2] - **Month - to - Month Spreads**: The spreads between different contract months are given, such as EC2512 - EC2504 was 612.1, showing a - 35.3 change from the previous day and - 30.8 from the previous week [2]. Spot Indexes - **SCFIS**: Updated weekly, as of 2025/11/10, it was 1504.80 points, with a 24.50% increase from the previous period and a - 7.92% change in the previous period [2]. - **SCFI (European Line)**: Updated every Friday, as of 2025/11/7, it was 1323 dollars/TEU, with a - 1.56% change from the previous period and a 7.87% change in the previous period [2]. - **CCFI**: Updated every Friday, as of 2025/11/7, it was 1366.85 points, with a 3.25% change from the previous period and a 2.37% change in the previous period [2]. - **NCFI**: Updated every Friday, as of 2025/11/7, it was 911.73 points, with a - 5.58% change from the previous period and a 17.43% change in the previous period [2]. Recent European Line Quotations - **45th Week**: The average landed price was about 2050 US dollars (equivalent to 1450 points on the disk) [2]. - **46th Week**: The average landed price was 2000 US dollars (equivalent to 1400 points on the disk) [2]. - **Second Half of November**: The pressure is expected to increase, and the cargo volume may recover. The quoted price is between 2365 - 2950 US dollars, but MSK opened at 2250 US dollars (a 50 - dollar increase from the previous period), and other shipping companies are expected to lower their quotes this week. There may also be a price increase announcement for December [2]. News - **Gaza Cease - fire**: As of November 10, the first - stage cease - fire agreement between Israel and Hamas was in its second month, but the second - stage negotiation was still "far off". The implementation of the agreement was full of setbacks, and there were concerns that the cease - fire might be terminated [3]. - **Shipping Policy**: Starting from 13:01 on November 10, 2025, China will suspend the implementation of relevant policies on charging special port fees for US ships for one year in synchronization with the US suspension of the final measures of the 301 investigation on China's maritime logistics and shipbuilding industries [3]. - **Index Delay**: The XSI - C index will be delayed by three working days for release [4]

Group 1: Report Information - The report is the Coking Coal Daily, dated November 11, 2025, and is from the Black Team of the Research Center [1] Group 2: Price and Inventory Data Price Data - **Domestic Coking Coal**: The latest price of Liulin Main Coking Coal is 1645.00 with no daily or weekly change, a monthly increase of 95.00, and an annual increase of 3.46%. Anze Main Coking Coal is priced at 1660.00 with no daily change, a weekly increase of 60.00, a monthly increase of 130.00, and an annual increase of 0.61%. The price of Raw Coal at the Port Delivery Price is 1145.00, with a daily decrease of 16.00, a weekly decrease of 25.00, a monthly increase of 115.00, and an annual increase of 1.33%. The price of Shaheyi Meng 5 is 1550.00, with no daily change, a weekly increase of 80.00, a monthly increase of 100.00, and an annual decrease of 6.63% [2] - **International Coking Coal**: The latest price of Peak Downs is 212.50, with a daily increase of 0.50, a weekly increase of 1.00, a monthly increase of 7.00, and an annual decrease of 7.50. Goonyella is priced at 212.50, with the same daily, weekly, monthly, and annual changes as Peak Downs [2] - **Futures Prices**: The latest price of Futures Contract 05 is 1298.50, with a daily decrease of 27.00, a weekly decrease of 32.50, a monthly increase of 58.00, and an annual decrease of 8.75%. Futures Contract 09 is priced at 1353.00, with a daily decrease of 23.50, a weekly decrease of 41.50, a monthly increase of 26.00, and an annual decrease of 6.82%. Futures Contract 01 is priced at 1261.00, with a daily decrease of 17.50, a weekly decrease of 13.50, a monthly increase of 116.00, and an annual decrease of 5.93% [2] Inventory Data - **Total Inventory**: The total coking coal inventory is 3361.53, with a weekly increase of 54.68, a monthly increase of 82.34, and an annual decrease of 13.27% [2] - **Sub - inventories**: Coal mine inventory is 165.59, with a weekly increase of 1.06, a monthly decrease of 30.27, and an annual decrease of 43.01%. Port inventory is 290.15, with a weekly increase of 14.50, a monthly decrease of 4.84, and an annual decrease of 31.77%. Steel mill coking coal inventory is 796.32, with a weekly increase of 13.36, a monthly increase of 8.26, and an annual increase of 7.26%. Coking plant coking coal inventory is 1052.48, with a weekly increase of 22.78, a monthly increase of 14.77, and an annual increase of 15.19% [2] Other Data - **Coking Capacity Utilization**: The coking capacity utilization rate is 72.31, with a weekly decrease of 1.13, a monthly decrease of 2.87, and an annual decrease of 1.61% [2] - **Coking Coke Inventory**: The coking coke inventory is 84.99, with a weekly decrease of 0.22, a monthly decrease of 0.54, and an annual decrease of 1.87% [2] - **Futures Basis and Spread**: The 05 basis is 65.64, with a daily increase of 27.00, a weekly increase of 32.50, a monthly increase of 143.15, and an annual increase of 123.35. The 09 basis is 11.14, with a daily increase of 23.50, a weekly increase of 41.50, a monthly increase of 175.15, and an annual decrease of 1.13. The 01 basis is 103.14, with a daily increase of 17.50, a weekly increase of 13.50, a monthly increase of 85.15, and an annual increase of 3.16. The 5 - 9 spread is - 54.50, with a daily decrease of 3.50, a weekly increase of 9.00, a monthly increase of 32.00, and an annual increase of 0.88. The 9 - 1 spread is 92.00, with a daily decrease of 6.00, a weekly decrease of 28.00, a monthly decrease of 90.00, and an annual decrease of 0.17. The 1 - 5 spread is - 37.50, with a daily increase of 9.50, a weekly increase of 19.00, a monthly increase of 58.00, and an annual decrease of 0.55% [2]

Report Industry Investment Ratings No relevant content provided. Core Views - Copper prices slightly pulled back this week, finding support from downstream centralized price fixing at the 85,000 level. The current slow inventory accumulation pattern may continue until the first quarter of next year, with the fundamentals remaining stable but weak [1]. - Aluminum prices strengthened significantly, with the domestic market outperforming the overseas market. Future aluminum supply and demand may remain in a tight balance, being prone to rise in the long - term, but the actual performance may fall short of expectations [2]. - Zinc prices moved higher this week. The price center may be difficult to decline significantly in the short term. It is recommended to wait and see for unilateral trading, focus on reverse arbitrage opportunities between domestic and overseas markets, and consider positive arbitrage opportunities for the 12 - 02 spread [5]. - Lead prices fluctuated at a high level this week. It is expected that lead prices will maintain a narrow - range oscillation next week, and it is advisable to operate cautiously while observing the resumption of secondary production and the increase in warehouse receipts [12]. - Tin prices oscillated this week. The domestic fundamentals will maintain a situation of weak supply and demand in the short term. In the short term, it is recommended to wait and see, and in the long - term, hold positions at low prices near the cost line [15]. - Industrial silicon supply and demand are expected to be in a slightly loose balance in Q4, with prices expected to oscillate. In the long - term, prices are expected to oscillate at the bottom of the cycle based on seasonal marginal costs [16]. - Lithium carbonate prices fluctuated widely. The short - term supply and demand are both strong, and the overall inventory - reduction trend will be maintained. The upward potential will depend on inventory reduction, the emergence of speculative demand, or stronger holding intentions [16]. - Nickel supply decreased slightly, demand was weak, and inventories continued to accumulate. It is advisable to pay attention to short - selling opportunities on rallies [20]. - Stainless steel fundamentals remained weak. It is advisable to pay attention to short - selling opportunities on rallies [21]. Summary by Metal Copper - **Price and Inventory Changes**: From November 4th to 10th, the spot premium of Shanghai copper increased by 25, the waste - refined copper price difference increased by 284, and the LME inventory increased by 375 tons [1]. - **Market Analysis**: This week, the copper price slightly pulled back, and the 85,000 level obtained downstream concentrated price - fixing support. The current slow inventory accumulation pattern may continue until the first quarter of next year, and the fundamentals are stable but weak [1]. Aluminum - **Price and Inventory Changes**: From November 4th to 10th, the prices of Shanghai, Yangtze River, and Guangdong aluminum ingots decreased by 50 - 60 yuan/ton, the domestic alumina price decreased by 6 yuan/ton, and the LME inventory decreased by 2000 tons [2]. - **Market Analysis**: Iceland's long - term reduction in electrolytic aluminum production was finalized, and the price of aluminum strengthened significantly. The future supply and demand of aluminum may remain in a tight balance, but the actual performance may be worse than expected [2]. Zinc - **Price and Inventory Changes**: From November 4th to 10th, the zinc price center moved higher. The domestic social inventory was volatile, and the overseas LME inventory was oscillating at a low level [5]. - **Market Analysis**: The supply of domestic and imported zinc concentrates is tightening, and the demand is seasonally weak. The export window has opened, and there is a short - term risk of price decline. It is recommended to wait and see for unilateral trading and pay attention to arbitrage opportunities [5]. Lead - **Price and Inventory Changes**: From November 4th to 10th, lead prices fluctuated at a high level, and the LME inventory decreased by 1500 tons [12]. - **Market Analysis**: The supply of lead is gradually recovering, and the demand is expected to weaken. It is expected that lead prices will maintain a narrow - range oscillation next week [12]. Tin - **Price and Inventory Changes**: From November 4th to 10th, tin prices oscillated, and the LME inventory remained unchanged [15]. - **Market Analysis**: The supply of tin is gradually recovering, and the demand is mainly supported by rigidity. The domestic fundamentals are in a situation of weak supply and demand in the short term [15]. Industrial Silicon - **Price and Inventory Changes**: From November 4th to 10th, the basis of industrial silicon decreased, and the number of warehouse receipts increased by 75 [16]. - **Market Analysis**: The supply and demand of industrial silicon are expected to be in a slightly loose balance in Q4, and prices are expected to oscillate. In the long - term, prices are expected to oscillate at the bottom of the cycle [16]. Lithium Carbonate - **Price and Inventory Changes**: From November 4th to 10th, lithium carbonate prices fluctuated widely, and the number of warehouse receipts increased by 159 [16]. - **Market Analysis**: Affected by the expected resumption of production in Jiangxi mines, lithium carbonate prices fluctuated widely. The short - term supply and demand are both strong, and the overall inventory - reduction trend will be maintained [16]. Nickel - **Price and Inventory Changes**: From November 4th to 10th, nickel prices increased slightly, and the LME inventory increased by 300 tons [20]. - **Market Analysis**: Nickel supply decreased slightly, demand was weak, and inventories continued to accumulate. It is advisable to pay attention to short - selling opportunities on rallies [20]. Stainless Steel - **Price and Inventory Changes**: From November 4th to 10th, the prices of stainless steel products remained stable, and the price of scrap stainless steel increased by 100 yuan/ton [21]. - **Market Analysis**: The fundamentals of stainless steel remained weak, and it is advisable to pay attention to short - selling opportunities on rallies [21].

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View No information provided. 3) Summary by Relevant Catalogs Price and Profit - The report presents the spot prices of various steel products including Beijing, Shanghai, Chengdu, Xi'an, Guangzhou, and Wuhan's threaded steel, as well as Tianjin, Shanghai, and Lecong's hot - rolled and cold - rolled coils from November 4th to November 10th, 2025. For threaded steel, the price of Chengdu decreased by 20, while others remained unchanged. For hot - rolled and cold - rolled coils, the price of Shanghai hot - rolled increased by 40, and others remained the same [1][14] Basis and Spread No information provided. Production and Inventory No information provided.

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoint Domestic civil LPG may show a pattern of stronger in the south and weaker in the north, with overall peak - season expectations; the contraction of PDH profits may lead to a decline in propane demand, and the current domestic market valuation is high and may fall. The international propane market is in a loose pattern, and attention should be paid to weather and US cold wave conditions [1]. 3) Summary by Related Information Price and Basis - **Daily Price Changes**: On Monday, for civil LPG, the price in East China was 4377 (+3), in Shandong 4360 (+0), and in South China 4455 (+5). The price of ether - post carbon four in Shandong was 4630 (+130). The lowest delivery location was Shandong, with a basis of 3. The daily change of the basis was (-71), and the 12 - 01 month spread was 87 (+15). FEI was 494.68 (+0), and CP was 468.68 (+0.68) dollars/ton [1]. - **PG Main Contract**: The PG main contract fluctuated. The basis was 102 (+116), the 12 - 01 month spread was 72 (-8), and the number of warehouse receipts was 4444 (+250). The cheapest delivery product was East China civil LPG at 4374; prices in Shandong were 4380 (+80), in East China 4374 (+95), and in South China 4450 (+50). The price of ether - post carbon four in Shandong was 4500 (+80) [1]. - **External and Internal Price Relationships**: External prices fell; the internal - external relationship strengthened, with PG - CP reaching 137 (+4), PG - FEI reaching 113 (+15.6); FEI - MB was 153 (-1.8). The arrival discount of propane in East China was 85 US dollars (+6), and freight rates were basically flat. The FEI - MOPI spread widened, and the switching window remained open, with the latest value at - 73 (-6) [1]. Industry Profit and Operation - **Profit Changes**: The profit of PDH in Shandong decreased significantly (some plants stopped production). The profit of alkylation plants rebounded. The production gross profit of MTBE changed little, and the export profit fluctuated [1]. - **Inventory and Operation Rate**: Domestic production decreased, and factory inventories were basically flat; the arrival volume was limited, terminal sales improved, and port inventories decreased. The PDH operation rate was 75.49% (+1.6), due to Lihuayi Weiyuan operating at full capacity, while Binhua, Xintai, and Haiwei successively stopped production [1].

研究中心农产品团队 2025/11/11 | 玉米/淀粉 | | | | 玉米 | | | | | 淀粉 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 | 长春 | 锦州 | 潍坊 | 蛇口 | 基差 | 贸易利润 进口盈亏 | 黑龙江 | 潍坊 | 基差 | 加工利润 | | 2025/11/04 | 2030 | 2100 | 2140 | 2240 | -35 | -10 88 | 2700 | 2800 | 211 | 32 | | 2025/11/05 | 2030 | 2100 | 2140 | 2240 | -34 | -10 103 | 2700 | 2800 | 204 | 28 | | 2025/11/06 | 2050 | 2100 | 2140 | 2250 | -54 | 0 98 | 2700 | 2800 | 186 | 28 | | 2025/11/07 | 2050 | 2110 | 2120 | 2250 | -39 | -10 115 | 2700 | 2800 | ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The US soybean export inspection volume for the week ending November 6, 2025, was 1,088,577 tons, meeting expectations, with 0 tons exported to the Chinese mainland. The cumulative export inspection volume for this crop year so far is 8,889,371 tons, lower than 15,320,558 tons in the same period of the previous year [1]. - As of last Thursday, the planting rate of Brazil's 2025/26 soybean crop reached 61% of the expected sowing area [1]. - Malaysia's palm oil inventory at the end of October 2025 reached a six - and - a - half - year high of 246 tons, up 4.44% from the previous month, due to a significant increase in production. October's crude palm oil production was 204 tons, up 11.02% month - on - month, and exports were 169 tons, up 18.58% month - on - month [1]. - Malaysia's palm oil exports from November 1 - 10, 2025, decreased compared to the previous month, with AmSpec reporting a 9.5% decrease and ITS reporting a 12.3% decrease [1]. 3. Summary by Related Catalogs Overnight Market Information - US soybean export inspection volume for the week ending November 6, 2025, was 1,088,577 tons, within the market forecast range of 1,000,000 - 1,700,000 tons. The previous week's volume was 984,875 tons (revised from an initial 965,063 tons). In the same week of 2024, it was 2,363,532 tons [1]. - Brazil's 2025/26 soybean planting rate as of last Thursday was 61% of the expected sowing area [1]. - Malaysia's palm oil inventory at the end of October 2025 was 246 tons, 4.44% higher than the previous month. October production was 204 tons (up 11.02% month - on - month) and exports were 169 tons (up 18.58% month - on - month). Before the report, the expected inventory was 244 tons, production 194 tons, and exports 148 tons [1]. - Malaysia's palm oil exports from November 1 - 10, 2025, were 448,328 tons according to AmSpec (down 9.5% from the previous month) and 459,320 tons according to ITS (down 12.3% from the previous month) [1]. Spot Prices - Spot prices of various oilseeds and oils in different regions from November 4 - 10, 2025, are provided, including soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [1]. Others - Information on precipitation in major producing countries, import soybean crushing profit on the futures market, and oil import profit is mentioned but no specific data is provided [1]. - Information on protein meal basis, oil basis, and oilseed futures price spreads is also mentioned without specific details [1].