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Real-time News
Sources say Qualcomm (QCOM.O) is in talks with ByteDance to provide custom chip design services.The U.S. Department of Justice withdrew subpoenas for reporters from The Washington Post and The Wall Street Journal after facing legal challenges.
1. According to Mysteel, on June 24th, coking coal prices in Shandong provinces Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Taian, Linyi, and Xingtai markets are planned to rise. Wet-quenched coking coal will increase by 50 yuan/ton, and dry-quenched coking coal by 55 yuan/ton, effective from 00:00 on June 26th. 2. According to foreign media reports, data released by the Petroleum Institute of Japan (PAJ) on Wednesday showed that as of the week ending June 20th, Japans commercial crude oil inventories were 9,757,338 kiloliters, an increase of 33,755 kiloliters from the previous weeks 9,723,583 kiloliters. Refinery operational capacity utilization was 80.3%, compared to 81.9% the previous week. Refinery design capacity utilization was 70.5%, unchanged from the previous week. 3. Sources: India is using nearly 50% domestic coal in its coal-based power plants. 4. Goldman Sachs: Diesel margins in the US and Europe are expected to fall to $46 and $31 per barrel, respectively, by the fourth quarter of 2026. The fourth-quarter 2026 gasoline margin forecasts for the US and Europe remain at $23 and $13 per barrel, respectively. 5. According to foreign media reports, Tomas Manzano, CEO of Copersucar, the worlds largest sugar trader, commented on the Brazilian sugarcane crop and its production and sales situation. The El Niño weather phenomenon may lead to above-average rainfall, which is beneficial to the growth of Brazils 2026/27 sugarcane crop. Although sugarcane output may increase, rainfall may disrupt sugarcane harvesting, preventing processing or shipping of products during rainy periods. Therefore, this phenomenon will not have a positive impact on sugarcane crushing volume or sugar shipments. Sales of major products are expected to increase in 2026/27, with sugarcane crushing volume increasing to over 125 million tons, up from 108 million tons in the previous year. 6. According to data from Zhaogang.com, as of the week ending June 24, the national output and inventory data for key steel products were as follows: output was 4.7021 million tons, a decrease of 142,100 tons from the previous week; mill inventory was 5.3403 million tons, an increase of 374,700 tons from the previous week; social inventory was 6.1663 million tons, an increase of 104,900 tons from the previous week; total inventory was 11.5066 million tons, an increase of 479,600 tons from the previous week; and apparent demand was 4.2225 million tons, a decrease of 726,600 tons from the previous week. 7. The National Bureau of Statistics released data on the price changes of important production materials in the circulation sector in mid-June 2026. Monitoring of the market prices of 50 important production materials in 9 categories across the national circulation sector showed that compared with early June, prices of 15 products increased, 32 decreased, and 3 remained unchanged. Among them, the price of live pigs (three-way crossbred) was 9.5 yuan/kg, unchanged from the previous week. 8. On March 23, the U.S. Senate passed a resolution limiting the presidents war powers, requiring President Trump to end military action against Iran and to obtain congressional authorization before taking any future military action against Iran. The resolution had previously been passed by the House of Representatives. The Senate passed the resolution with 50 votes in favor and 48 against; four Republican senators and the vast majority of Democratic senators voted in favor, while two Republican senators were absent. 9. According to Mysteel, as of now, only one coal mine in Qinyuan County, Changzhi City, has resumed production; the resumption of production at the remaining mines has been postponed. According to the latest survey, the daily output of the resumed mines is unstable, and the resumption of production at all non-resume mines has been postponed. The resumption of production at the two previously approved mines has also been temporarily suspended, pending review and signature.Russian Defense Ministry: Russia shot down 323 drones overnight.On June 24th, US President Trump posted on social media that the price reductions by major oil companies at gas stations were not keeping pace with the already significantly lower oil prices they were paying. Gas prices are plummeting! In other words, customers are being "ripped off." Trump stated, "I have instructed the Justice Department to immediately begin an investigation into this matter. Gas prices must be falling much faster than Im seeing!"
