Newsflash

The USD/JPY pair fluctuated by nearly 50 points in the short term, currently trading at 157.96.

According to RIA Novosti, the Russian Embassy in France stated that France's seizure of the oil tanker "DF PEAK" is a blatant violation of international law.

IndiGo: Saudi Arabian flights cancelled until October 17.

The onshore yuan closed at 6.6945 against the US dollar at 16:30 on October 13, down 15 points from the previous trading day.

Volkswagen CEO: "Made in Europe" should not be an additional source of cost.

Volkswagen CEO: We cannot build the future solely on exports; our European operations must be profitable.

Volkswagen CEO: Sales in the European market are facing enormous pressure.

London Metal Exchange (LME): Copper inventories decreased by 1,625 tons, aluminum inventories remained unchanged, lead inventories decreased by 3,725 tons, nickel inventories increased by 276 tons, zinc inventories increased by 5,550 tons, and tin inventories decreased by 70 tons.

WTI crude oil futures fell below $92 per barrel, down 1.87% on the day.

UK LME copper, aluminum, and nickel inventory changes up to October 13 will be released in ten minutes.

[Guangzhou Futures Exchange Warehouse Receipt Daily Report] The warehouse receipts and changes for various commodities on the Guangzhou Futures Exchange are as follows:<br/>1. Lithium carbonate futures warehouse receipts: 29,643 lots, a decrease of 1,034 lots compared to the previous trading day;<br/>2. Polysilicon futures warehouse receipts: 23,270 lots, unchanged compared to the previous trading day;<br/>3. Industrial silicon futures warehouse receipts: 33,112 lots, a decrease of 12 lots compared to the previous trading day.

[A Super El Niño Has Formed; Can Oils and Sugars Continue to Strengthen?] A research report from Galaxy Futures on October 13th pointed out that, looking ahead, soybean meal, rapeseed meal, the three major oils, and white sugar are expected to be relatively strong in the near term, while corn, live pigs, and cotton will fluctuate. The core theme is the long-term weather premium injected by the super El Niño, coupled with the fact that the negative factors for US soybeans have been fully priced in, leading to a stronger trend and increased import costs: 1. Soybean meal is stronger due to the combined effects of the priced-in negative factors, a temporary tight domestic supply, and the weather premium; rapeseed meal follows the trend of soybean meal. 2. Oils are supported by three factors: weather premium, stronger crude oil prices benefiting biodiesel, and the priced-in negative factors for US soybeans increasing soybean costs. 3. White sugar is driven by global production reduction expectations ignited by El Niño, with raw sugar strengthening, the domestic and international price difference narrowing, and increased import cost support for Zhengzhou sugar futures. <br/>><b>Various commodities experiencing fluctuations present their own contradictions</b>:<br/>1. Corn faces a tug-of-war between the new crop entering the market and government stockpiling; attention should be paid to the pace of stockpiling and the opening price of the new crop.<br/>2. Hog supply remains ample; a rebound requires either a surge in demand for cured pork or a concentrated influx of second-generation piglets into the market.<br/>3. Cotton faces pressure from new cotton crop growth and is supported by lower procurement costs; its direction depends on seed cotton procurement prices, procurement progress, and whether peak season orders can be fulfilled.<br/>(This content and opinion are for reference only and do not constitute any investment advice.)

Ganfeng Lithium stated on its interactive platform that the company believes the supply and demand relationship for lithium salt products is currently in a tight balance, and there is no oversupply.

The Indian Embassy in Saudi Arabia: IndiGo has cancelled flights to and from Riyadh, Jeddah, Dammam and Medina until October 17.

On Tuesday, October 13, the Shanghai Gold Exchange's gold T+D contract closed down 0.07% at 904.3 yuan/gram; the Shanghai Gold Exchange's silver T+D contract closed down 0.82% at 14,700.0 yuan/kilogram on the same day.

[Exclusive Article for Futures Market Monitoring Tools] European and American Market Focus: Saxo Bank points out that the US bank earnings season begins today, with JPMorgan Chase and Goldman Sachs releasing their results first. Tomorrow's US September CPI will be the biggest suspense of the week. Amid risk aversion, crude oil prices have fallen and US Treasury yields have declined. What other signals are worth watching this week?

[Midday closing of Treasury bond futures] The main contract for 2-year Treasury bond futures (TS) rose 0.01%, the main contract for 5-year Treasury bond futures (TF) rose 0.04%, the main contract for 10-year Treasury bond futures (T) rose 0.06%, and the main contract for 30-year Treasury bond futures (TL) remained unchanged.

The Emir of Qatar stated that the country's total revenue fell by 42% in the first half of the year.

[Midday closing of stock index futures] The main contract of CSI 300 stock index futures (IF) fell 0.19%, the main contract of SSE 50 stock index futures (IH) fell 0.33%, the main contract of CSI 500 stock index futures (IC) fell 0.15%, and the main contract of CSI 1000 stock index futures (IM) fell 0.14%.

[International Spot Platinum and Palladium Midday Prices] As of 15:00 Beijing time, spot platinum rose 0.54% and spot palladium rose 0.89%.