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[Australia's South32 Company announces approval of GEMCO operation recovery plan] South32 Company's official website disclosedcoinmasterfreespins48The Samancor joint venture has approved Groote Eylandt Mining Co., Ltd.(GEMCO)'s operational recovery plan. [Coke purchase prices in Hebei and Shandong markets have been significantly reduced] Market information shows that on May 21, steel mills in the Hebei market have significantly lowered the coke purchase price by 100 to 110 yuan/ton; mainstream steel mills in the Shandong market have reduced the coke purchase price by wet quenching and dry quenching by 100 yuan/ton and 110 yuan/ton respectively. [U.S. soybean crushing profits achieve growth] The U.S. Department of Agriculture's weekly report pointed out that as of May 17, U.S. soybean crushing profits increased to 1 per bushelcoinmasterfreespins48$.99, up 7.0% from the previous week. [China's next soybean arrival in Hong Kong is expected to increase] Monitoring data from the National Grain and Oil Information Center predicts that imported soybean arrival in Hong Kong will reach 10.5 million tons in June and 10 million tons in July. [Malaysian palm oil production increased significantly] Data from the Southern Peninsula Palm Oil Crushers Association (SPPOMA) shows that in the first 20 months of May, Malaysian palm oil production increased by 26% year-on-year. [EU imports of palm oil and soybean meal both increased] European Commission data revealed that as of May 3, the EU's imports of palm oil in 2023/2024 reached 2.9 million tons, and soybean meal imports were 13 million tons. [Brazil's soybean exports in May were lower than previous forecasts] Brazil's National Grain Exporters Association (ANEC) estimates that Brazil's soybean exports in May were 13.83 million tons, slightly lower than the previous forecast of 14.13 million tons. [Shandong Haihua soda plant is overhauled] According to news, 1.8 million tons of new lines in Shandong Haihua's 3 million tons/year soda ash plant have been suspended from operation on May 21 for equipment maintenance. [China's soda ash output increased significantly in April] Data from the National Bureau of Statistics show that China's soda ash (sodium carbonate) output in April reached 3.174 million tons, a year-on-year growth rate of nearly 20%. [Net long positions in LME copper rose to more than seven-week highs] London Metal Exchange (LME) data showed that in the week ending May 17, speculators increased net long positions in LME copper to 87325 lots, the highest level in the past seven weeks. [Yunnan's sugar output fell short of expectations] Mutian Technology revealed that Yunnan's final sugar output in the 2023/2024 crushing season may be adjusted to around 2.03 million tons, failing to meet expectations. [Iron ore inventories in Australia and Brazil increase] Satellite data monitoring shows that from May 13 to May 19, the total iron ore inventories in the seven major ports of Australia and Brazil increased to 13.865 million tons, a month-on-month increase of 66,000 tons.
