Iron, steel, coal, electricity and other high energy-consuming industries to reduce carbon in an all-round way, coke rise and fall in the seventh round: June 16 commodity intelligence

Macro

1, [energy saving and carbon reduction] five departments to start key industries energy saving and carbon reduction transformation three years of action. Starting from 2026, nine key high-energy-consuming industries, including steel, electrolytic aluminum, cement, flat glass, oil refining, ethylene, synthetic ammonia, methanol, and coal power, will be comprehensively transformed. Production capacity that has not yet reached the energy efficiency standards by the end of 2028 will be eliminated in accordance with the regulations.

2. [Import and Export] In the first five months of this year, the import and export value of goods trade in my country's complete protection zone was 3.5 trillion billion yuan, a year-on-year increase of 27.1 percent, accounting to 16.9 percent of the country's total import and export value.

3, [U.S. manufacturing output] U.S. manufacturing output grew only 0.1 percent month-on-month in might, is expected to grow 0.3 percent, the previous value was revised to grow 0.9 percent.

Energy

1. [Crude Oil] On June 15, international crude oil futures fell sharply. U.S. WTI crude oil futures settled at $80.75 a barrel to July, down $4.13, or 4.9 percent. Brent crude oil futures settled at $83.17 a barrel to August, down $4.16, or 4.8 percent.

2. [Crude Oil] Data released by the U.S. Department of Energy on Monday showed that as of June 12, the strategic oil reserve inventory had dropped to 0.3403 billion barrels, the lowest level since the summer of 1983; it was reduced by about 9 million barrels in just one week.

3. [Crude Oil] Iran's National Oil Company said on Monday that Iran lowered the official price of light crude oil to Asian buyers in July to $7.15 per barrel higher than the average Oman/Dubai price, with a premium of $13 last month.

4. [Coke] On June 15, steel mills in Hebei and Shandong markets raised the purchase price of coke, with wet quenching up by 50 yuan/ton and dry quenching up by 55 yuan/ton. It will be implemented from 0: 00 on June 15, 2026, and the seventh round of coke will rise and fall.

5. [Coking Coal] As of June 15, Shanxi coking coal mines had resumed production of 97 coal mines with a total production capacity of 115.9 million tons, 16 greater than on June 10. There are still 51 coal mines with a total production capacity of 55.8 million tons, 5 fewer than on June 10.

6. [Petroleum Coke] On June 15, Qirun Petrochemical Petroleum Coke quoted 1750 yuan/ton, up 50 yuan/ton from the previous trading day, sulfur 4.2, delayed coking unit 1.6 million tons/year, daily production 700 tons.

Chemical engineering

1. [Lithium Battery] Recently, Zhongke Electric announced that the company plans to terminate the 130000-ton lithium battery anode material integration project planned in 2022 and suspended construction in Ganmei manufacturing Park, the 100000-ton lithium battery anode material integration project in Lanzhou New District, and the 100000-ton lithium battery anode material integration base project planned in 2024 and suspended construction in Morocco.

2, [lithium carbonate] recently, Kaiyang "phosphorus titanium iron lithium" coupling cycle integration project annual output of 150000 tons of battery-grade lithium carbonate project (a 30000 tons) project to publicity.

Key mining company E3 Lithium has launched the second phase of its Clearwater project demonstration facility in Alberta, confirming lithium-rich brine while maintaining a daily flow of 1400 cubic meters.

4. [Sulfuric Acid] Recently, the Kazakhstan Chemical Complex Sulfuric Acid (Phase I) project, implemented by China Chemical Engineering International EPC General Contracting Company and Tianchen Company, was put into production in Jiangpur Prefecture, Kazakhstan. The core of the project-monomer sulfuric acid plant with an annual output of 800000 tons, is currently the largest high-standard sulfuric acid production project in Central Asia.

5. [Dimethyl Carbonate] The second phase of the manufacturing tail gaseous complete utilization project of Erdos Shuangxin Chemical sector Co., Ltd. is under construction with an annual output of 100000 tons of dimethyl carbonate (DMC), 30000 tons of ethyl methyl carbonate (EMC) and diethyl carbonate (DEC). The construction period is expected to be from June 2026 to April 2028. Upon completion, the project will form a complete production capacity with an annual output of 200000 tons of DMC and 60000 tons of EMC and DEC.

6. [Ethyl Methyl Carbonate] It is reported that Hualu Hengsheng Ethyl Methyl Carbonate Plant is planned to stop to overhaul before the end of June, and the recovery time is yet to be determined.

7. [PDH] Recently, Wanhua Chemical announced that the 900000-ton/year PDH unit and 600000-ton/year POCHP unit in Penglai manufacturing Park of the company will be shut down to maintenance on April 26, 2026, and have now completed and resumed healthy production.

8. [Ethylene Glycol] According to market rumors, a 700000-ton/year synthesis gaseous-to-ethylene glycol plant in Sichuan is planned to be stopped to overhaul in July. It is estimated that the shutdown and overhaul time will be about one month. At present, the device is in healthy operation.

A 500000-ton/year ethylene glycol plant in East China was restarted recently. It is reported that the plant was shut down at the end of might.

9. [Styrene] On June 16, Lihua Yiwei Yuan Chemical Co., Ltd., the latest quotation to styrene was 8150 yuan/ton, down 250 yuan/ton from the previous trading day.

Rubber and plastic

1. [PE] On June 15, Shanghai Petrochemical's high-pressure 2PE unit (100000 tons/year) was overhauled and restarted on June 9. Its high-voltage 1PE first-line and second-line devices were temporarily shut down on June 11, with restart time to be determined.

2. [cis-polybutadiene rubber] On June 15, the cis-polybutadiene rubber market in East China fluctuated, and the spot merchants made a small order. At present, Daqing and Yangzi Shunding report 13700~13900 yuan/ton. Some private brands are reported to be around 13500~13700 yuan/ton.

3. [Natural Rubber] On June 15, the natural rubber market in Qingdao went up, with the high offer of merchants slightly raised by 150~200 yuan/ton. In 24 years, Yunbao/Guangken/Haibao mainstream newspaper reported 17650~17800 yuan/ton. 25 years Yunbao/Guangken/Haibao mainstream newspaper 17750~17900 yuan/ton; Vietnam 3L mainstream newspaper 18250~18450 yuan/ton.

4. [Natural Rubber] On June 15, the market of natural rubber raw materials in Thailand rose steadily: cigarette tablets reported 96.20 Thai baht/kg, up 1.20 Thai baht/kg; Glue was reported at 87.50 baht/kg, down 1.00 baht/kg. Cup glue reported 75.00 baht/kg, up 0.20 baht/kg.

Textiles

1. [Acrylonitrile] On June 15, the spot price of acrylonitrile of Lihua Yi Lijin Refining and Chemical Co., Ltd. was increased by 150 yuan/ton, and 10350 yuan/ton was implemented. Its plant capacity was 260000 tons/year, and it is currently operating normally.

2. [Lint Cotton] The U.S. Department of Agriculture's weekly crop development report shows that as of the week of June 14, the U.S. cotton excellent rate was 50%, the market expected to be 54%, the previous week was 53%, and the same period last year was 48%. The current rate was 19%, compared with 13% in the previous week and 18% in the same period last year, with a five-year average of 17%. The planting rate was 86%, compared with 77% in the previous week and 84% in the same period last year, with a five-year average of 88%.

3. [Lint] From June 5 to 11, 2026, the average spot price of the seven major domestic markets in the United States was 67.4471.41 cents/pound, down 3.97 cents/pound from the previous week and up 4.73 cents/pound from the same period last year. The seven major spot markets in the United States sold 3172 packages, with a cumulative turnover of 1507251 packages in 2025/26.

4. [Lint] According to CONAB, a national commodity supply company under Brazil's Ministry of Agriculture, as of June 12, Brazil's cotton harvest rate was 1.7 percent, compared with 0.9 percent last week and 2.8 percent in the same period last year, with a five-year average of 1.4 percent.

5. [Lint] Agricultural items export data of Brazil's Ministry of Commerce and Trade show that in the second week of June 2026, a total of 9 working days, a total of 104300 tons of unprocessed cotton were loaded, compared with 132800 tons in June last year. The average daily shipment volume was 11600 tons/day, up 74.55 percent from 6600 tons/day in June last year.

Steel

1. [High-carbon Ferromanganese] Recently, the Mengfa Ferroalloy 120000-ton/year fully enclosed submerged arc furnace project in Chayou Qianqi, Inner Mongolia, successfully produced iron. The project has built a 42000kVA fully enclosed high-carbon ferromanganese submerged arc furnace, supporting the construction of raw material yard, batching system, ventilation and dust removal system, gaseous treatment facilities, discarded materials heat and gaseous complete utilization facilities, etc., forming an annual production capacity of 120000 tons of high-carbon ferromanganese.

2. [Manganese Silicon] Hegang Group's first round of inquiry to silicon and manganese in June 26 was 5950 yuan/ton, and the fixed price in might was 6050 yuan/ton (5650 yuan/ton in might 25). The mining volume in June was 15400 tons, and the mining volume in might was 8500 tons.

3. [Ferrosilicon] Yuxi Xianfu Iron and Steel Group has issued a tender announcement to ferrosilicon, planning to purchase 300 tons of FeSi72A12.0 ferrosilicon with a particle size requirement of 10-70mm. The deadline to quotation is 14:30 on June 15, and the supply must be completed before June 25.

4. [Steel] China Iron and Steel Association: In early June 2026, key statistics show that iron and steel companies produced 20.83 million tons of crude steel, with an average daily production of 2.083 million tons, up 3.8 month on month. 18.88 million tons of pig iron, with an average daily production of 1.888 million tons, up 3.8 month on month. 19.4 million tons of steel, with an average daily production of 1.94 million tons, down 6.4 from the previous month.

In early June, the steel inventory of iron and steel companies was 16.87 million tons, an increase of 1.04 million tons or 6.6 percent over the previous decade, an increase of 2.73 million tons or 19.3 percent over the beginning of the year, a decrease of 10000 tons or 0.1 percent over the same period last month, and an increase of 1.08 million tons or 6.8 percent over the same period last year, and an increase of 780000 tons or 4.8 percent over the same period last year.

5. [Iron Ore] From June 8 to 14, the total amount of iron ore shipped worldwide was 33.469 million tons, down 2.001 million tons from the previous month. Australia's Brazilian iron ore shipments totaled 28.977 million tons, down 215000 tons from the previous month.

Colored

1. [Nonferrous] On June 15, 2026, the Regulations on the Implementation of the the People's Republic of China Mineral Resources Law came into force. to the first time, 36 kinds of minerals, such as rare earth, tungsten, lithium, cobalt, gallium and germanium, are defined as national strategic minerals in the form of administrative regulations, and the implementation of full chain and high-intensity regulation and manage indicates that China's key mineral security system has entered a new stage of legalization and systematization.

2. [Copper] Shanghai Futures Exchange: On June 15, the total copper stock in Shanghai was 60,301 tons, up 3642 tons from the previous day. The total copper stock in Guangdong was 3,922 tons, the same as the previous day. Copper stocks in Jiangsu totaled 31,561 tons, up 1456 tons from the previous day. Copper stocks in Zhejiang totaled 1,696 tons, the same as the previous day. A total of 97,281 tons, up 4899 tons from the previous day.

3. [Copper] On June 15, the London Metal Exchange (LME) non-ferrous metal inventory and changes were as follows: copper inventory was 364100 tons, down 3200 tons from the previous day. Aluminum stocks were 319925 tons, down 2075 tons from the previous trading day. Nickel stocks were 274932 tons, down 6 tons from the previous day. Zinc stocks were 107150 tons, down 600 tons from the previous day. Lead stocks were 304850 tons, down 1025 tons from the previous day. Tin stocks were 8775 tons, down 75 tons from the previous day.

Building materials

1. [Glass] On June 15, Langfang Jinbiao Glass Co., Ltd. and Langfang Jinbiao Float Line 1 (with a design capacity of 600 tons/day) released aquatic environments.

Weihai Zhongbo Coated Glass Co., Ltd., Weihai Zhongbo Float Line 3 (design capacity 500 tons/day) European tea to create gold tea, on June 10.

Tengzhou Jinjing Glass Co., Ltd., Tengzhou second line, design capacity of 600 tons/day super white to white, on June 7.

agricultural sideline

1. [Palm Oil] As of June 12, 2026 (24th week), commercial stocks of palm oil in key areas across the country were 682500 tons, down 40300 tons or 5.58 percent from last week. 409600 tons increased by 272900 tons, or 66.63 percent, compared with last year.

2. [Soybean] National Grain and Oil Information Center: Monitoring shows that as of the week of June 12, the soybean crushing volume of major domestic oil vegetation was 2.39 million tons, up 20000 tons on a week-on-week basis, up 130000 tons year-on-year, up 390000 tons from the average of the same period in the past three years. It is expected that the operating rate of oil vegetation will continue to increase this week, and the soybean crushing volume might rise to about 2.5 million tons.

3. [White Sugar] In might 2026, China's non-tariff quota raw sugar is forecast to arrive at 29700 tons, down 40600 tons from a year earlier. In June, it is forecast to arrive at 74900 tons, up 41100 tons from a year earlier.

4. [Rapeseed] USDA's supply and demand report shows that Canada's rapeseed output is expected to remain unchanged at 22 million tons in 2026/27, the same as the previous year. Exports remained at 8.2 million tons, up 7.9 percent year-on-year. Domestic consumption of 13.85 million tons, an increase of 6.5. Inventory at the end of the period was 3.126 million tons, up 3.3 percent year on year. The U.S. Department of Agriculture slightly raised its 2026/27 global rapeseed production forecast to a record 96.91 million tons, an increase of 1.4 percent year-on-year.

5. [Rapeseed] The Canadian Grain Council stated that as of the week of June 7, rapeseed exports were 118000 tons, down from 252000 tons a week ago. Exports so far this year are 7.546 million tons, down 13.1 per cent year-on-year. So far this year, the domestic rapeseed consumption is 10.569 million tons, an increase of 7.5. Farmers have delivered 17.645 million tons, up 2.6 percent year-on-year.

6. [Soybean] According to data from the European Commission, EU oilseed and vegetable oil imports in 2025/26 were generally reduce than last year, reflecting the expected development in domestic oilseed production and crushing. As of June 7, soybean imports from the 27 EU countries in 2025/26 (starting from July 1) were about 12.95 million tons, a year-on-year decrease of 5%, and a year-on-year decrease of 7% last week.

7. [Grains] The European Commission's grain trade data show that EU grain exports increased in 2025/26, mainly supported by the development of durham and barley exports. As of June 7, the export volume of grain in the EU 27 countries in 2025/26 (starting from July 1) was 35975111 tons, up 16% from the same period last year and 15% year-on-year a week ago.

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(Source: Business Society)