Analysis and Education

The final value of India's services PMI in April was 58.8, which was expected to be 57.5 and the previous value was 57.9.

India's April comprehensive PMI final value was 58.2, compared with the previous value of 58.3.

Adviser to Ukraine’s Interior Minister: Zakharova reiterated Russia’s willingness to negotiate. However, she said those negotiations must be aimed at the outcome Russia has outlined — namely, defeat in Ukraine. This is empty talk and it is clear that Russia has not taken real steps towards peace.

Cuban Foreign Minister: A few hours ago, the US Secretary of State stated that there is no oil blockade against Cuba. He chose to lie, and he contradicted the president and the White House spokesperson.

Iran's Ministry of Foreign Affairs: We condemn the UAE's collusion with hostile forces such as the United States against Iran, including continuing to provide sites for its military bases and equipment, and we warn of the dangerous consequences of this situation on regional peace and security.

[Summary of early trading futures news on May 6, 2026]1. According to the monitoring of oil mill crushing conditions, the soybean crushing volume of major oil mills in the country was around 6.9 million tons in April, a month-on-month decrease of 1.4 million tons, a year-on-year increase of 1.5 million tons, and an increase of 200,000 tons compared with the average of the same period in the past three years. In May, imported Brazilian soybeans will arrive in Hong Kong intensively, and the operating rate of oil plants will increase. The soybean crushing volume of oil plants is expected to be around 8.5 million tons, an increase of about 1.6 million tons month-on-month, a decrease of about 500,000 tons year-on-year, and a decrease of about 200,000 tons compared with the average of the same period in the past three years. 2. Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Iranian Foreign Minister Araghchi in Beijing on the 6th. (Xinhua News Agency)3. As of the week of April 30, Mysteel's standard clean copper concentrate TC weekly index was -86.33 US dollars/dry ton, down 3.6 US dollars/dry ton from last week. According to research by Mysteel, the current tight situation at the mine end of the copper concentrate spot market is still deepening, and processing fees continue to hover at low levels. Profits in the smelting segment are under significant pressure, and currently most rely on by-product earnings to make up for losses. 4. The latest data from the Price Monitoring Center of the National Development and Reform Commission shows that as of April 29, 2026, the price of live pigs was 9.83 yuan/kg, the price of corn was 2.38 yuan/kg, and the pig-to-grain price ratio was 4.13. Compared with April 22, 2026, the price of live pigs increased by 2.61%, the price of corn was unchanged, and the price of pig grain increased by 2.48%. 5. Recently, the cost of importing Brazilian soybeans into my country has increased, the prices of soybean meal and soybean oil have fluctuated and risen, and the market crushing profits have remained stable. On April 30, the crushing profit of my country's imported Brazilian soybeans for June and July shipments was -67~-13 yuan/ton, which was basically the same as the same period last week. 6. Bill Nosey, senior investment director at Bank of America Asset Management Group, said: "At present, it seems that the situation in Iran has not materially escalated, and the market is relieved." Although hostilities in the Middle East appeared to have eased on Tuesday, the conflict is still affecting future U.S. economic indicators and the Federal Reserve's interest rate decisions. 7. Australia is set to include a A$10 billion ($7.2 billion) fuel security and resilience program in next week's budget proposals after the Iran conflict caused a fuel supply scare in Australia. Australian Prime Minister Albanese said the plan will help build fuel and fertilizer reserves, including supporting the expansion of total reserves of diesel and jet fuel to a level that can last for 50 days. 8. According to a statement issued by the U.S. State Department on May 5, local time, the United States announced a phased closure of the Consulate General in Peshawar, Pakistan, and transferred its diplomatic responsibilities to the U.S. Embassy in Islamabad. The United States said the move was to ensure the safety of its diplomatic personnel.