Macroeconomics

1. [Revisions to SSE Indices] On October 26, the Shanghai Stock Exchange (SSE) will implement revised compilation methodologies for the SSE series of composite indices. The affected indices include the SSE Composite Index, SSE A-Share Index, SSE Tradable Index, SSE STAR Market Composite Index, and their derivative indices. Key revisions include: introducing a 15% cap on the weight of any single constituent; and adjusting the timing for the removal of securities under "risk warning" status—changing the effective date from the trading day following the second Friday of the month after the risk warning is implemented, to the trading day following the second Friday of the month after the risk warning is announced. All other aspects of the index compilation methodologies remain unchanged.

2. [US-Canada Tariffs] The White House issued a statement on the 23rd announcing that President Trump had signed a document adjusting the scope of tariffs applied to Canadian goods, with the changes taking effect on October 30 (Eastern Time). According to the White House, these adjustments were made pursuant to Section 338 of the Smoot-Hawley Tariff Act. Items such as plywood, bleached paper, paperboard, and plastic boxes/cases will no longer be subject to an additional 50% ad valorem tariff, while products such as valves and carpets will now be subject to a 50% ad valorem tariff.

Energy

1. [Crude Oil] Daily report on delivery warehouse stocks for medium, sour crude oil from the Shanghai International Energy Exchange (INE) for October 23: Total stocks stood at 3,666,000 barrels, unchanged from the previous trading day.

2. [Fuel Oil] Data from Enterprise Singapore (ESG) shows that for the week ending October 21, fuel oil inventories in Singapore rose by 815,000 barrels, reaching a four-week high of 18.858 million barrels.

3. [Petroleum Coke] On October 23, Yatong Petrochemical quoted its petroleum coke at 3,600 RMB/ton, an increase of 20 RMB/ton from the previous trading day. The product has a sulfur content of approximately 1.8% and a vanadium content of around 200 ppm. The company operates a delayed coking unit with an annual capacity of 1.6 million tons, yielding a daily output of 800 tons.

 SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.

From:ChemNet