MPOB: Malaysia's palm oil inventory in June was 1,829,469 tons, up 4.35% from the previous month

According to the Malaysian Palm Oil Board (MPOB), Malaysia's palm oil production in June was 1,615,283 tons, a decrease of 5.23% from the previous month; palm oil imports in June were 11,738 tons, a decrease of 43.46% from the previous month; palm oil inventories in June were 1,829,469 tons, an increase of 4.35% from the previous month; palm oil exports in June were 1,205,214 tons, a decrease of 12.82% from the previous month.

ITS: Malaysia's palm oil exports from July 1 to 10 were 536,193 tons

According to data from shipping survey agency ITS, Malaysia's palm oil exports from July 1 to 10 were 536,193 tons, an increase of 82.06% from 294,516 tons exported in the same period last month. According to AmSpec, an independent Malaysian inspection agency, Malaysia's palm oil exports from July 1 to 10 were 528,843 tons, an increase of 85.86% from 284,540 tons exported in the same period last month.

Unloading is normal, and methanol port inventory is accumulated this week

As of July 10, 2024, the total methanol port inventory in China is 895,400 tons, an increase of 7,900 tons from the previous period. Among them, the East China region destocked, and the inventory decreased by 1,500 tons; the South China region accumulated inventory, and the inventory increased by 9,400 tons. Methanol port inventory accumulated this week, and the unloading situation was normal. The mainstream storage area in Jiangsu had a stable road transport pick-up, and the total unloading volume was limited, which showed destocking; Zhejiang showed accumulation due to the supplementary supply of foreign ships. The port inventory in South China continued to accumulate this week. The mainstream storage area in Guangdong increased its pick-up volume slightly during the week, but it showed an accumulation of inventory due to the month-on-month increase in imports arriving at the port. Fujian only had a small amount of imported supply to supplement, and the inventory also destocked due to the rigid demand consumption of downstream. (Longzhong Information)

A large alumina plant in Shandong Province raised the purchase price of liquid caustic soda

According to SMM research, a large alumina plant in Shandong adjusted the delivery price of ion-exchange membrane caustic soda by 32% from July 10, increasing it by 20 yuan/ton on the basis of 700 yuan/ton; that is, the two-invoice system is implemented at 720 yuan/ton (the 100% discount price is about 2,250 yuan/ton).

July 10 Steel Valley Network Midwest & National Steel Inventory Survey Statistics

According to Steel Valley News,

①National building materials:

The social warehouse was 7.957 million tons, an increase of 88,500 tons from last week, up 1.12%;

Factory warehouses were 4.0205 million tons, an increase of 89,100 tons from last week, up 2.27%;

The output was 4.0672 million tons, a decrease of 72,000 tons from last week, a decrease of 1.74%.

② Building materials in the central and western regions:

The social warehouse was 2.628 million tons, a decrease of 24,600 tons from last week, a decrease of 0.93%;

Factory warehouses were 1.983 million tons, an increase of 34,700 tons from last week, up 1.78%;

The output was 1.3184 million tons, a decrease of 1,500 tons from last week, a decrease of 0.11%.

Fujairah refined oil inventory: Total refined oil inventory increased by 1.778 million barrels month-on-month

The latest data from the UAE Fujairah Oil Industry Zone showed that as of the week of July 8, the total inventory of refined oil products at the UAE Fujairah Port was 18.318 million barrels, an increase of 1.778 million barrels from the previous week. Among them, light distillate oil inventories increased by 601,000 barrels to 5.741 million barrels, medium distillate oil inventories increased by 497,000 barrels to 3.156 million barrels, and heavy residual fuel oil inventories increased by 680,000 barrels to 9.421 million barrels.

China Automobile Association: Domestic sales of new energy vehicles in June reached 963,000 units, up 12.5% ​​month-on-month

According to the data from the China Automobile Association, in June, the domestic sales of new energy vehicles reached 963,000 units, a month-on-month increase of 12.5% ​​and a year-on-year increase of 32.2%; the exports of new energy vehicles reached 86,000 units, a month-on-month decrease of 13.2% and a year-on-year increase of 10.3%. From January to June, the domestic sales of new energy vehicles reached 4.339 million units, a year-on-year increase of 35.1%; the exports of new energy vehicles reached 605,000 units, a year-on-year increase of 13.2%.

CAI: India's cotton exports are expected to grow by about 10.5% in 2023/24

According to foreign media reports, data released by the Cotton Association of India (CAI) showed that the country's cotton exports in the 2023/24 crop year (ending in September) are expected to increase by about 10.5% to 2.6 million bales. CAI said that in the 2022/23 crop year (October 2022-September 2023), the country's cotton exports were 1.55 million bales. At the same time, CAI expects India's cotton production in 2023/24 to be 31.7 million bales, higher than the 30.97 million bales estimated last month, but lower than the 31.89 million bales in the previous year. The total cotton supply by the end of May 2024 is estimated to be 36.3 million bales, with imports of 1.64 million bales and opening stocks of 2.89 million bales.

SHFE Energy: Agree to Jigang International Logistics Co., Ltd. to increase the approved storage capacity of No. 20 rubber futures

According to the previous energy announcement, after research and decision, it is agreed that the approved storage capacity of the No. 20 rubber futures delivery warehouse of Jigang International Logistics Co., Ltd. will be increased from 10,000 tons to 20,000 tons, and the enabled storage capacity will be increased from 10,000 tons to 20,000 tons. From the date of the announcement, Jigang International Logistics Co., Ltd. shall carry out various businesses of the No. 20 rubber futures delivery warehouse according to the adjusted storage capacity, strictly implement relevant regulations, strengthen management, and ensure the normal and orderly operation of the delivery warehouse business.

After the restart of the device, the inventory of butadiene rubber increased month-on-month

During the period, Zhenhua and Haopu butadiene rubber plants operated normally, but Qilu butadiene rubber plant was temporarily shut down, and Shandong Yihua butadiene rubber plant was running at reduced load. The inventory of sample production enterprises increased slightly, and traders mainly focused on shipments, with limited overall changes. The inventory of Gaoshun butadiene rubber sample enterprises was 23,800 tons, up 2.58% from the previous month. (Longzhong Information)

This round of Albemarle spodumene bidding involved a total of 14,000 tons, and the transaction price was US$980/ton

According to SMM, the spodumene concentrate tender held by the international lithium giant Albemarle Chemical today has officially ended. It is understood that the total amount of spodumene tender involved in this time is 14,000 tons, and the final batch of spodumene concentrate was successfully sold at a price of US$980/ton (CIF China).

Indonesia's stainless steel exports in May were about 403,100 tons, up 0.6% from the previous month.

In May 2024, Indonesia's stainless steel exports were about 403,100 tons, up 0.6% from the previous month and 39.5% from the previous year. From January to May 2024, Indonesia's cumulative stainless steel exports were about 2,065,200 tons, up 478,900 tons from the previous year, an increase of 30.2%. Indonesia's stainless steel imports were about 30,400 tons, up 43.3% from the previous month and 11.2% from the previous year. From January to May 2024, Indonesia's cumulative stainless steel imports were about 135,800 tons, up 15,300 tons from the previous year, an increase of 12.7%. (Mysteel)

The article is forwarded from: Jinshi Data