Group 1: Steel Industry - Major steel mills in Tangshan and some in Xingtai plan to reduce wet coke prices by 50 CNY/ton and dry coke prices by 55 CNY/ton, effective from May 16, 2025 [1] - As of early May, social inventory of five major steel products in 21 cities reached 8.5 million tons, a decrease of 350,000 tons or 4.0% month-on-month, but an increase of 1.91 million tons or 29.0% year-to-date, and a decrease of 3.05 million tons or 26.4% year-on-year [1] Group 2: Silicon Manganese Production - A silicon manganese alloy plant in Ulanqab, Inner Mongolia, recently reduced production by two 33,000 KVA furnaces, expected to impact daily output by around 400 tons [1] - A large silicon manganese enterprise in Chongqing has halted two furnaces since May 12, 2025, with the resumption date pending, also affecting daily output by 400 tons [1] Group 3: Oilseed Processing - Since May, imports of Brazilian soybeans have been clearing customs, leading to a rapid recovery in oil mill operating rates, with expectations of national soybean crushing volume reaching 1.95 million tons this week, and weekly crushing volume in mid to late May expected to exceed 2 million tons [1] Group 4: Sugar Market - Louis Dreyfus forecasts a surplus of 400,000 tons in the sugar market for the 2025/2026 season due to increased production in India offsetting declines in Brazil, while a supply gap of 5.2 million tons is expected for the 2024/2025 season [2] Group 5: Palm Oil Production - Data from SPPOMA indicates that from May 1-10, 2025, Malaysia's palm oil yield increased by 20.2%, with an oil extraction rate increase of 0.4%, resulting in a production increase of 22.31% [2] Group 6: Brazilian Sugar Production - In April, Malaysia's palm oil exports reached 1,102,266 tons, a month-on-month increase of 9.62%, with production at 1,685,962 tons, up 21.52%, and inventory at 1,865,537 tons, up 19.37% [3] - The Brazilian Sugarcane Industry Association reported that the sugarcane crushing volume in the second half of April was 17.725 million tons, down 49.35% year-on-year, with sugar production at 856,000 tons, down 53.79% year-on-year [3] - StoneX predicts that Brazil's sugar production for the 2025/26 season will be 41.8 million tons, an increase from 40.2 million tons in 2024/25, driven by a higher allocation of sugarcane for sugar production and enhanced sugar mill capacity [3] Group 7: Tin Market - According to SMM, the transportation cycle for tin concentrate from the Democratic Republic of the Congo to Asia typically takes 4-6 weeks, with the first batch shipped on May 9 expected to enter the smelting phase in June, indicating short-term tightness in the spot market [3]
整理:每日期货市场要闻速递(5月14日)
news flash·2025-05-13 23:51