2. According to SteelHome news, the national social inventory of building materials is 7.5237 million tons, an increase of 56,400 tons compared to the previous week, representing a rise of 0.76%. The production output is 4.4248 million tons, an increase of 30,800 tons compared to the previous week, representing a rise of 0.70%.
3. The Hainan district of Wuhai City requires all open-pit coal mines to conduct self-inspections of slope angles, and any non-compliant coal mines must immediately stop production for rectification. According to a survey by Mysteel, all open-pit mines in the Hainan district have basically stopped production. A total of 14 open-pit coal mines are involved, with a total production capacity of approximately 9.45 million tons.
4. BHP released its production and sales report for the second quarter of 2023, which showed that the total iron ore production of BHP was 65.295 million tons in the second quarter of 2023, a month-on-month increase of 9% and a year-on-year increase of 2%.
5. The Hungarian Minister of Agriculture stated that Central and Eastern European countries will sign an agreement on Wednesday requesting the European Union to extend the ban on Ukrainian grain imports until after September 15th.
6. Data released by the International Cotton Advisory Committee (ICAC) in July 2023 shows that the global cotton production in the 2023/2024 season is 26.526 million tons, an increase of 1.847 million tons compared to the previous year; the ending stock is 22.321 million tons, an increase of 2.116 million tons compared to the previous year.
7. According to Russian News Agency, the Russian Ministry of Defense stated that from July 20th, all ships heading to Ukrainian ports will be considered potential military cargo transportation vessels, and some areas of the Black Sea have been temporarily declared as dangerous navigation zones.
8. According to sources, Saudi Aramco's Ras Tanura refinery and petrochemical plant plans to shut down for maintenance at the end of September or early October.
9. The National Energy Administration released the national electricity industry statistics for the first half of the year. As of the end of June, the cumulative installed capacity of power generation in China was approximately 2.71 billion kilowatts, a year-on-year growth of 10.8%.
10. The latest report released by the World Bureau of Metal Statistics (WBMS) shows that in May 2023, the global refined copper production was 2.2137 million tons, and the consumption of refined copper was 2.3889 million tons, resulting in a shortage of 17,520 tons.
11. Chilean miner Antofagasta lowered its annual copper production forecast from 670,000 to 710,000 tons to 640,000 to 670,000 tons on Wednesday due to the ongoing water shortage in Chile caused by drought.
12. Representatives of OPEC stated that the meeting of the OPEC and non-OPEC Ministerial Monitoring Committee (JMMC) will be delayed by one day and held on August 4th.
