EUR/USD
1.16469
-0.188%
Gold
4605.52
-1.006%
Oil
98.009
0.245%
USD/JPY
158.509
0.081%
GBP/USD
1.33626
-0.282%
GBP/JPY
211.814
-0.198%
Real-time News
On May 15th, the wheat market saw largely stable prices with minor fluctuations in some areas. The sporadic arrival of new wheat on the market has strengthened market expectations for a bumper harvest, further fueling bearish sentiment and putting downward pressure on prices due to ample supply. Although the volume of wheat released for rotation has decreased significantly, traders are clearing warehouses to sell, resulting in ample grain supply in the market. On the demand side, flour demand remains weak, with milling plants operating at low capacity, primarily focusing on depleting existing inventory and replenishing stocks only as needed. Feed companies are also showing little interest in purchasing wheat due to lower prices for substitute raw materials such as corn and soybean meal. In the short term, the wheat market will maintain a pattern of ample supply and weak demand, with prices trending towards a slightly weaker fluctuation.1. US President Trump stated that his patience with Iran is running out. He urged Tehran to reach an agreement with Washington, while also suggesting that the demand to reclaim Irans enriched uranium was more about creating a certain "image" than about security considerations. 2. According to a survey conducted by the China Nitrogen Fertilizer Industry Association on May 12, 2026, the national daily urea output is approximately 220,500 tons, with an operating rate of approximately 87.18%. Among them, the operating rate of urea enterprises using coal as raw material is 88.51%, and the operating rate of urea enterprises using natural gas and coke oven gas as raw materials is 82.18%. 3. In May, Hebei Iron & Steels 75B ferrosilicon tender price was 6,000 yuan/ton, up 50 yuan/ton from the previous rounds price of 5,950 yuan/ton. The inquiry price was 5,800 yuan/ton. The tender quantity for HBISs 75B ferrosilicon in May was 2,916 tons, up 483 tons from the previous rounds tender of 2,433 tons. 4. A spokesperson for the Ministry of Foreign Affairs stated that the recent ceasefire between the US and Iran, and the exploration of resolving issues through negotiations, has been welcomed by regional countries and the international community. China has always maintained that dialogue and negotiation are the right path, and that a military solution is not the way forward. 5. According to foreign media reports, the Zambian Minister of Trade stated that the country has approved two copper producers to resume sulfuric acid exports to the Democratic Republic of Congo. 6. According to Jubo Information, on May 15th, the kilns of Kaisheng (Zigong) New Energy (designed capacity 650 tons/day) photovoltaic production line were shut down for maintenance. The kilns of Hubei Yijun Yaoneng (designed capacity 1200 tons/day) photovoltaic production line were shut down. On May 16th, the kilns of China Building Materials Tongcheng New Energy (designed capacity 1200 tons/day) photovoltaic production line were scheduled for technical upgrades and cold repairs. 7. According to SMM data, as of this Thursday, the total installed capacity of metallurgical-grade alumina in China was 115.22 million tons/year, and the total operating capacity was 85.08 million tons/year. The national weekly operating rate of alumina increased by 0.43 percentage points from the previous week to 75.57%. 8. Mysteel statistics show that the total imported iron ore inventory at 45 ports nationwide was 165.0193 million tons, a decrease of 247,800 tons compared to the previous week. The total imported iron ore inventory at 47 ports nationwide was 171.8923 million tons, a decrease of 365,300 tons compared to the previous week; the average daily port throughput was 3.367 million tons, an increase of 148,900 tons. 9. Mysteels survey of 247 steel mills showed that the blast furnace operating rate was 83.52%, an increase of 0.26 percentage points compared to the previous week, and a decrease of 0.63 percentage points compared to the same period last year. 10. Mysteel statistics show that the total imported iron ore inventory at steel mills nationwide was 87.7684 million tons, an increase of 98,000 tons compared to the previous week. 11. As of the week ending May 15, the profit of self-bred and self-raised pig farming was a loss of RMB 343.24 per head, compared to a loss of RMB 326.6 per head on May 8. The profit of raising piglets purchased from outside sources was a loss of RMB 213.54 per head, compared to a loss of RMB 184.19 per head on May 8.Shares of Indian oil sales company fell, with declines ranging from 1.7% to 2.6%.A Reuters poll showed that 74% of economists surveyed believed that Japans monetary intervention was unlikely to sustainably curb the yens depreciation.A Reuters poll showed that 65% of economists surveyed expect the Bank of Japan to raise its key interest rate to 1.00% in June.
