EUR/USD
1.14067
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Gold
4049.58
-0.539%
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69.672
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161.844
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1.32319
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214.155
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Real-time News
Canadas national economic confidence index was 50.9 as of June 26, compared to 50.4 previously.
1. According to Longzhong Information, as of June 29, the total inventory of asphalt in 104 social warehouses in China was 1.1 million tons, a decrease of 3.1% compared to June 25 and a significant year-on-year decrease of 39.4%, marking twelve consecutive weeks of destocking. The total inventory of asphalt in 54 sample asphalt plants in China was 787,000 tons, a decrease of 2.5% compared to June 25 and stable year-on-year, with the most significant decreases observed in Shandong and East China. 2. National Energy Administration: In May 2026, the national electricity market completed 626.8 billion kilowatt-hours of transactions, a year-on-year increase of 23.6%. From January to May 2026, the national cumulative electricity market transactions reached 3.0573 trillion kilowatt-hours, a year-on-year increase of 24.8%. 3. According to the Ministry of Agriculture and Rural Affairs monitoring of 500 county-level farmers markets and collection points, last week (the fourth week of June, June 22-28), the national live pig price was 10.06 yuan/kg, unchanged from the previous week; the pork market price was 19.63 yuan/kg, down 0.5% from the previous week. 4. Shanghai Futures Exchange: Approved the registration of "HUAYOU" brand electrolytic nickel (electrowinning process, Ni99.96) (Phase III) produced by Quzhou Huayou Cobalt New Materials Co., Ltd., a subsidiary of Zhejiang Huayou Cobalt Industry Co., Ltd., with a registered capacity of 50,000 tons and a standard price. From the date of this announcement, the above products can be used for the performance and delivery of nickel futures contracts on the Shanghai Futures Exchange. 5. According to Mysteel, some steel mills in Xingtai have raised the price of wet-quenched coke by 50 yuan/ton and dry-quenched coke by 55 yuan/ton, effective from midnight on July 1, 2026. Major steel mills in Tangshan plan to raise prices by 50 yuan/ton for wet-quenched coke and 55 yuan/ton for dry-quenched coke, effective from midnight on July 1, 2026. 6. According to data from the Shanghai Shipping Exchange, as of June 29, 2026, the Shanghai Export Containerized Freight Index (Europe route) was 3358.62 points, up 11.6% compared to the previous period. 7. According to Longzhong Information, as of June 29, 2026: This week, the total inventory of soda ash manufacturers in China was 1.7244 million tons, a decrease of 0.80 million tons from last Thursday, a decrease of 0.46%. Among them, light soda ash was 1.0503 million tons, a decrease of 21,900 tons week-on-week, and heavy soda ash was 674,100 tons, an increase of 13,900 tons week-on-week. 8. According to foreign media reports, data released by the Indonesian Palm Oil Association (GAPKI) shows that Indonesias palm oil exports (including refined products) in April 2026 reached 2.78 million tons, a 56% increase compared to 1.78 million tons in the same period last year. Crude palm oil production in April was 4.48 million tons. 9. From June 22nd to June 28th, 2026, the total iron ore arrivals at 47 Chinese ports reached 28.794 million tons, an increase of 1.464 million tons month-on-month; the total iron ore arrivals at 45 Chinese ports reached 27.378 million tons, an increase of 1.421 million tons month-on-month; and the total iron ore arrivals at the six northern ports reached 12.056 million tons, a decrease of 2.14 million tons month-on-month. 10. According to Mysteel, CML (China Minerals Corporation) released its August 2026 price quotes for China, with Mn > 46% Fe.June 29 - Shipping data shows that despite recent attacks on ships in the Strait of Hormuz and a renewed conflict between the US and Iran, Middle Eastern producers continue loading oil and liquefied natural gas (LNG). Previously, attacks on a container ship on Thursday and an oil tanker on Saturday triggered retaliatory strikes from both sides, threatening the interim peace agreement between Washington and Iran and causing a slowdown in energy shipping through the strait. However, a US official said on Sunday that the two countries had agreed to cease recent hostilities and resume negotiations on this strategically important waterway. LSEG data shows that on Monday, a fourth Very Large Crude Carrier (VLCC, with a capacity of up to 2 million barrels) was loading at Saudi Arabias Ras Tanura terminal. Data shows that three other VLCCs loaded oil after leaving the terminal over the weekend and subsequently entered a "silent" state, meaning their transponders were turned off to reduce the risk of attack while navigating in the Gulf. Data shows that one of the supertankers reappeared on Monday, having already left the strait and was heading to Japan. LSEG data shows that two other VLCCs entered the strait on Sunday and have docked at a UAE terminal to load crude oil.On June 29th, the Shanghai Municipal Online Ride-Hailing Collaborative Supervision Task Force, in conjunction with multiple departments including transportation, public security, market supervision, human resources and social security, data, and communications management, convened a citywide meeting to discuss compliance governance for online ride-hailing platforms. Key personnel from 24 online ride-hailing platforms and aggregation platforms across the city attended the meeting. Addressing various issues identified during the investigation, the meeting outlined five stringent compliance requirements: 1) Each platform must strictly regulate capacity access management, comprehensively investigate and remove non-compliant vehicles and personnel, and strictly prohibit unauthorized order dispatch; 2) Establish a regular self-inspection mechanism for operational data to ensure complete, timely, and standardized reporting of operational data to regulatory authorities; 3) Implement full-chain safety production control, strengthen dynamic verification of personnel and vehicle qualifications, and build a solid safety operation defense line; 4) Fully standardize the fee disclosure mechanism, ensuring transparent pricing and protecting the legitimate rights and interests of both drivers and passengers; 5) Simultaneously strengthen network security operation and maintenance management, complete network security level protection assessments on schedule, and promptly investigate and eliminate system security vulnerabilities.On June 29th, it was reported that the Internal Control Committee of the Ministry of Finance held a meeting on June 22nd, 2026. The meeting emphasized the following: First, firmly establish the concept of internal control. All units must attach great importance to internal control work, grasp the core concept of "effective checks and balances," and promote the improvement of a mechanism that separates and checks and balances business decision-making, execution, and supervision. Second, improve and perfect the internal control system. Strengthen overall planning in policy formulation, project approval, fund management, and financial supervision to minimize discretionary power and strictly regulate the exercise of power. Third, strictly and effectively implement internal control. Further study and improve key tasks such as internal control assessment, strengthen daily risk prevention and control, accelerate the construction of internal control informatization, and ensure the effective implementation of the internal control system. Fourth, systematically promote internal control construction. Unite the efforts of all units within the Ministry, strengthen the deep integration of internal control with other forms of supervision, promote the construction of internal control in local finance departments, and comprehensively improve the effectiveness of fiscal internal control management.
