Steel social inventory 11.55 million tons: down 440,000 tons from the previous month, Hebei Steel silicon manganese inquiry 7900 yuan/ton

According to a notice from the Shanghai International Energy Trading Center, the recent fluctuations in the futures price of the China Iron and Steel Index (European Line) have intensified, so relevant institutions must strengthen risk management and promote market stability. [China's steel inventory continues to decline, down 3.7% from the previous month] According to the latest data from the China Iron and Steel Industry Association, in early May, the social inventory of the five major steel products in 21 cities fell to 11.55 million tons, down 440,000 tons from the previous quarter. [Hebei Steel Group's silicon manganese quotation price rises sharply in May] According to Mysteel, Hebei Steel Group's first round of silicon manganese quotation price in May was 7,900 yuan/ton, a more significant increase than the price increase of 6,000 yuan/ton in April. [National pig rationing price falls slightly, and pig feed price falls at the same time] According to data from the National Development and Reform Commission, as of May 8, the national pig rationing price was 15.2 yuan/kg, down 0.72% from April 24. Pig feed prices were 6.33, down 0.78%. [Malaysia's palm oil inventory unexpectedly increased in April, inventory expected to continue to increase in May] According to CIMB Securities, due to increased production and sluggish exports, Malaysia's palm oil inventory is expected to increase 2% month-on-month to 1.74 million tonnes in April and 5% to 1.83 million tonnes in May. [SPPOMA data shows Malaysian palm oil production increase] According to a report by the Southern Peninsula Palm Oil Milling Association (SPPOMA), Malaysian palm oil production increased 16.84% from May 1-10, 2024, and production increased 15.54%. [Malaysia's latex exports increased year-on-year, inventory decreased month-on-month] According to data from the Department of Statistics Malaysia, latex exports in March 2024 increased 28.8% year-on-year to 58,965 tonnes, while inventory decreased 3.3% month-on-month. [Trial operation of the fourth line of Yuanxing Energy's Alashan Natural Alkaline Project] According to Yuanxing Energy, the third line of the Alashan Natural Alkaline Project is running stably, and the trial operation work of the fourth line is being promoted continuously. [Increase in the number of contracts on the industrial silicon futures exchange decided in Guangzhou] The Guangzhou Futures Exchange announced that the number of contracts on the industrial silicon futures exchange has increased from 8 to 12. [US soybean export inspection volume exceeds expectations for two consecutive weeks] According to data from the US Department of Agriculture, as of this week, May 9, 2024, the US soybean export inspection volume was 406,052 tons, exceeding expectations. [US soybean cultivation rate is in line with the five-year average but below market expectations] According to a report from the US Department of Agriculture, as of this week, May 12, the US soybean cultivation rate was 35%, below the market expectation of 39%, and the soybean emergence rate was 16%.