Latest Information on Bulk Raw Materials

Macro

1. [Automobile] The China Passenger Car Association estimates that the wholesale sales of new energy passenger car manufacturers nationwide in May were 1.24 million, a year-on-year increase of 38% and a month-on-month increase of 9%; the cumulative wholesale sales from January to May were 5.22 million, a year-on-year increase of 41%.

2. [Logistics Industry Prosperity Index] China Logistics Federation: China's logistics industry prosperity index was 50.6% in May, and the index continued to operate in the expansion range, with a significant increase in consumer logistics demand.

3. [Federal Reserve Beige Book] The "Beige Book" released by the Federal Reserve shows that US economic activity has declined slightly since the last report. Companies and consumers are facing pressure from rising policy uncertainty and increasing price pressures, and the overall economic outlook remains pessimistic.

4. [US ADP Employment] The US ADP employment increased by 37,000 in May, the lowest level since March 2023, far below the expected 114,000 and the previous value of 62,000.

5. [South Korea CPI] Statistics Korea: The consumer price index (CPI) in May was 116.27, up 1.9% year-on-year, and the increase fell below 2% after 5 months.

6. [Canadian interest rate] The Bank of Canada announced that it would maintain the key benchmark interest rate at 2.75%, saying it was necessary to investigate the impact of US trade policies, but said that if the economy weakened due to tariffs, it might be necessary to cut interest rates again.

Energy

1. [Crude oil] On June 4, international crude oil futures closed lower. The settlement price of the July contract of US WTI crude oil futures was US$62.85 per barrel, down US$0.56 or 0.9%. The settlement price of the August contract of Brent crude oil futures was US$64.86 per barrel, down US$0.77 or 1.2%.

2. [Crude oil] The U.S. Energy Information Administration (EIA) inventory report showed that U.S. commercial crude oil inventories fell by 4.3 million barrels to 436.06 million barrels in the week ending May 30, while the market expected a decrease of 1 million barrels. U.S. gasoline inventories increased by 5.2 million barrels to 228.3 million barrels, while the market expected an increase of 600,000 barrels. Distillate oil inventories, including heating oil and diesel, increased by 4.2 million barrels to 107.6 million barrels, while the market expected an increase of 1 million barrels.

3. [Crude oil] Saudi Aramco: The official selling price of Arab light crude oil sold to the United States in July is set at a premium of $3.5/barrel over the ASCI benchmark price. Arab light crude oil sold to northwestern Europe is $3.25/barrel premium over the ICE Brent settlement price.

4. [Crude oil] Documents show that Saudi Arabia set the official selling price of Arab light crude oil to Asia in July at a premium of $1.2/barrel over the average price of Oman/Dubai.

5. [Natural Gas] According to data from the Indian Ministry of Petroleum, India has cut the price of natural gas produced from traditional gas fields by 5% in June. The price of natural gas produced from local old gas fields has been reduced from US$6.75 per million British thermal units in May to US$6.41 this month. This is the first price reduction since the new pricing policy was introduced in April 2023.

6. [Coking Coal] It is reported that the price of coking coal in the Huangling market in Yan'an has dropped by 30 RMB/ton, and the cash tax-inclusive price of gas clean coal A8, S0.5, V33, and G65 is 740 RMB/ton, which will be implemented from 0:00 on June 5.

Chemical Industry

1. [Lithium Hydroxide] The European Union has listed the Jadar lithium mine project in Serbia as a strategic key raw material project.

2. [PAO] The annual production of 10,000 tons of polyalphaolefin (PAO) demonstration project of Inner Mongolia Yitai Hongcheng Chemical Co., Ltd. has been officially filed. The project will be built in two phases. The first phase will build a 5,000 ton/year PAO production unit, supporting core units such as deoxidation, polymerization, hydrogenation and public works. The second phase will add 5,000 tons/year of production capacity, and eventually form a 10,000-ton PAO scale. After the Yitai project is put into production, it will effectively alleviate the "bottleneck" problem of high-end PAO in my country.

3. [Caustic Soda] According to the announcement of Zhengzhou Commodity Exchange, after research and decision, the hedging position quota for general months for caustic soda, paraxylene and bottle flakes will be adjusted according to the variety method, and the total limit of hedging positions and speculative positions for 14 varieties such as PTA will be increased.

4. [BDO] On June 4, the 300,000-ton BDO unit of Inner Mongolia Junzheng was 70% loaded, and it is temporarily planned to be overhauled for 7 days on June 25.

Due to a sudden equipment failure, the 300,000-ton BDO unit of Inner Mongolia Sanwei was temporarily shut down from June 3, and it is expected to be 7-15 days.

5. [Diethylene glycol] It is reported that a 900,000 tons/year ethylene glycol/diethylene glycol unit in Jiangsu will be shut down as planned at the end of May, and is expected to last for 2 months.

6. [Diethylene glycol] On June 3, the total shipment of the two warehouses in Zhangjiagang was 1,084 tons, an increase of 358 tons from the average daily shipment during the holiday. As of now, the inventory of the two warehouses is 27,500 tons.

7. [Lithium carbonate] It is reported that the lithium salt factory stopped production for maintenance in June with a capacity of about 163,000 tons/year, a month-on-month decrease of 42.4%.

8. [Acrylic acid] On June 5, the price of acrylic acid delivered to South China by Shanghai Huayi New Materials was 7,100 RMB/ton, a decrease of 200 RMB/ton from the previous quotation date, and the actual order was mainly negotiated.

9. [Melamine] On June 5, Anhui Jinhe Melamine's ex-factory price was 5,750 RMB/ton, down 150 RMB/ton from the previous quotation day. The plant has a production capacity of 60,000 tons and currently produces about 180 tons per day.

Rubber and Plastic

1. [ABS] Liaoning Jinfa's ABS unit has a total production capacity of 600,000 tons/year. The entire line was shut down for maintenance a few days ago and is expected to resume at the end of June.

2. [PP] Maoming Petrochemical has three units with a PP production capacity of 670,000 tons/year. Currently, the load of the second and third lines is normal, and the first line is shut down for maintenance. It is expected to resume on June 6.

3. [PE] On June 4, Qilu Petrochemical's PE unit dynamics, the old HDPE unit A line has been shut down, B line has been shut down, the LDPE unit produces 2102TN26, and is scheduled to be shut down for maintenance on June 6, the new full-density unit is shut down, and the old full-density unit is shut down.

4. [Butadiene rubber] The 120,000 tons/year high cis 1,4 structure butadiene rubber unit of Yanshan Petrochemical will be shut down for maintenance from June 3, 2025, and is scheduled to restart in September.

5. [Butadiene rubber] The 160,000 tons/year high cis 1,4 structure butadiene rubber unit of Daqing Petrochemical plans to produce about 12,200 tons in June 2025, which is about 100 tons lower than in May.

Maoming Petrochemical's 100,000 tons/year high cis 1,4 structure butadiene rubber unit is running on two lines, and plans to produce 9,000 tons in June 2025, which is about 900 tons more than in May.

Sichuan Petrochemical's 150,000 tons/year high cis 1,4 structure butadiene rubber unit plans to produce about 9,000 tons in June 2025.

Yangzi Petrochemical's 100,000 tons/year high cis 1,4 structure butadiene rubber unit plans to produce about 8,000 tons in June 2025.

Qilu Petrochemical's 80,000 tons/year high-cis 1,4-structured butyl rubber unit is scheduled to produce about 5,700 tons in June 2025.

Dushanzi Petrochemical's 30,000 tons/year high-cis 1,4-structured butyl rubber unit is scheduled to produce about 2,500 tons in June 2025.

Textile

1. [PTA] Jiatong Energy's 3 million tons/year PTA unit was overhauled as planned on May 21 and restarted on June 2.

2. [Acrylonitrile] It is reported that Jilin Chemical Jieyang's 130,000 tons/year acrylonitrile unit is scheduled to shut down for maintenance for about 19 days on June 9.

3. [Acrylonitrile] According to statistics, as of June 4, the domestic acrylonitrile factory inventory was about 44,800 tons, an increase of 1,800 tons from last week.

4. [Cotton yarn] On June 4, the price of cotton yarn of Henan Lankao HengRMB Cotton Industry fell. The high-end Siro Spinning C5S was 19,600 RMB/ton, -100 RMB/ton; C6S was 19,500 RMB/ton, -100 RMB/ton; C7S was 19,500 RMB/ton, -100 RMB/ton. The above specifications are delivered to Zhejiang and Guangdong, including tax, please inquire for actual orders.

5. [Lint cotton] The National Bureau of Statistics monitoring shows that compared with mid-May 2025, the current price of cotton (lint cotton, white cotton grade 3) is 14,048.5 RMB/ton, an increase of 43.3 RMB/ton from the previous period, an increase of 0.3%.

Steel

1. [Manganese silicon] Recently, the Xilinguole League in Inner Mongolia signed a contract for an annual production of 414,000 tons of manganese silicon alloy. The construction period of the project is 2025-2026, with an annual output of 900,000 tons of manganese silicon alloy products (the first phase will invest 1.2 billion RMB, with an annual output of 414,000 tons of manganese silicon alloy products).

2. [Galvanized sheet] On June 4, 154 national galvanized enterprises sold a total of 17,648 tons, an increase of 2,887 tons from the previous trading day, an increase of 19.56%. The region with the largest increase was Central China, which increased by 868 tons from the previous trading day, an increase of 23.65%.

3. [Iron ore] On June 4, the national main port iron ore transaction volume was 1.066 million tons, a month-on-month increase of 28.7%; 237 mainstream traders sold 126,200 tons of construction steel, a month-on-month increase of 33.5%.

4. [Steel] On June 4, the average cost of 76 independent electric arc furnace construction steel mills was 3,264 RMB/ton, a decrease of 1 RMB/ton from the previous day, with an average profit loss of 139 RMB/ton, and a profit loss of 35 RMB/ton from the valley electricity.

5. [Scrap Steel] On June 3, the total scrap steel inventory of 300 long and short process representative steel mills nationwide was 5.0596 million tons, an increase of 37,000 tons from the previous Friday, an increase of 0.74%; inventory turnover days were 8.1 days, unchanged; daily consumption was 548,200 tons, a decrease of 0.36%; daily arrival volume was 557,400 tons, a decrease of 0.31%.

6. [Bill] In May, the total resource volume of sample billet circulation enterprises nationwide was about 2.8 million tons, a decrease of 370,000 tons from the previous month, a decrease of about 11.64%, and an increase of 180,000 tons year-on-year, an increase of about 6.82%.

7. [Silicon manganese] According to statistics from the Japanese Customs, Japan's total imports of silicon manganese in April 2025 were 19,597.87 tons, an increase of 2.09% from the previous month and a decrease of 26.68% from the previous year. The top three major importing countries were India (8,985.93 tons), Malaysia (5,409.5 tons), and Vietnam (5,179.44 tons). Among them, 23 tons were imported from China. From January to April 2025, Japan's total imports of silicon manganese were 73,265.97 tons, a decrease of 14.79% year-on-year.

8. [Ferrosilicon] According to statistics from the Japanese Customs, Japan's total imports of ferrosilicon (>55%) in April 2025 were 32,134.49 tons, an increase of 22.03% from the previous month and a decrease of 3.14% from the previous year. Among them, the top three importing countries were mainly from China (11,869.10 tons), Malaysia (7,493.09 tons), and Iceland (2,173.5 tons). From January to April 2025, Japan's total imports of ferrosilicon (>55%) were 115,068.65 tons, a year-on-year decrease of 4.49%.

In April 2025, Japan's total imports of ferrosilicon (≦55%) were 644.36 tons, a month-on-month decrease of 7.44% and a year-on-year decrease of 72.19%. The top three importing countries were mainly from China (390.38 tons), Norway (133.98 tons), and Vietnam (100.00 tons). From January to April 2025, Japan's total imports of ferrosilicon (≦55%) were 2,772.65 tons, a year-on-year decrease of 34.23%.

Nonferrous

1. [Tungsten Concentrate] China Tungsten High-tech said that the technical transformation project of ShizhuRMB Company is expected to be completed by the end of 2027. After the completion of the project, the company's annual output of tungsten concentrate is expected to rise to 10,000 standard tons, and the output of associated metals such as molybdenum, bismuth, and fluorite will increase accordingly.

2. [Aluminum] On June 4, the spot prices of aluminum ingots (AL99.70) of Chalco rose in various regions: the East China market quoted 20,280 RMB/ton, the South China market quoted 20,130 RMB/ton, the Southwest market quoted 20,170 RMB/ton, and the Central Plains market quoted 20,230 RMB/ton; compared with the previous trading day, they rose by 160 RMB/ton, 160 RMB/ton, 150 RMB/ton, and 160 RMB/ton respectively.

3. [Copper] Foreign media reported on June 3: Ivanhoe Mines announced plans to drain the Kakula copper mine in the Democratic Republic of Congo and will resume partial production as early as this month. The Kakula copper mine is part of the Kamoa-Kakula, the largest copper mine complex in Africa. It was suspended on May 18 due to severe flooding caused by an earthquake.

Agricultural and sideline products

1. [Oils and fats] According to Mysteel research, as of May 30, 2025, the total commercial inventory of soybean oil, palm oil and rapeseed oil in key areas across the country was 1.8879 million tons, an increase of 86,100 tons from last week, an increase of 4.78%; an increase of 146,500 tons from the same period last year, an increase of 8.41%.

2. [Soybean meal] The USDA report shows that as of the week of May 22, 2025, the net sales of soybean meal in the United States in 2024/25 were 424,600 tons, an increase of 18% from last week and 57% from the four-week average.

3. [Soybeans] According to survey data released by StoneX on Tuesday, Brazil's soybean production in 2024/25 was confirmed to be 168.25 million tons, setting a new production record.

4. [Corn] According to the survey results released by StoneX on Tuesday, Brazil's second-quarter corn production in 2024/25 is expected to reach 106.1 million tons, higher than the previous forecast of 104.3 million tons, mainly due to the good growth of crops in central and western Brazil, Paraná and Sao Paulo.

5. [Palm Oil] According to the data of the Southern Peninsula Palm Oil Pressers Association (SPPOMA), from May 1 to 31, 2025, Malaysia's palm oil yield increased by 1.9%, oil extraction increased by 0.3%, and production increased by 3.53%.

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