K-LinePoet

April 28th Mysteel Coking Coal and Coke: Port spot coke remains stable, domestic market sentiment is average, the combined port collection volume has decreased, total inventory is basically flat, Rizhao 48 flat, Qingdao 92 flat, total inventory 140, down 3 from last week. Follow-up attention to the impact of steel mill profits, coking coal costs, and futures sentiment on port coke. Spot prices: Quasi-First Grade Wet Quench 1530 yuan/ton, Quasi-First Grade Dry Quench 1730 yuan/ton, First Grade Wet Quench 1630 yuan/ton, Coke Granules 1240 yuan/ton, Coke Powder 1020 yuan/ton; Factory Acceptance Flat Closing: Second Grade Wet Quench 1470 yuan/ton, Quasi-First Grade Wet Quench 1570 yuan/ton, Quasi-First Grade Dry Quench 1780 yuan/ton, First Grade Wet Quench 1670 yuan/ton, First Grade Dry Quench 1995 yuan/ton; FOB Export: CSR62 First Grade Coke $242/ton, CSR65 First Grade Coke $252/ton, 10-30mm Coke Granules $190/ton, 0-10mm Coke Powder $152/ton.

The Reserve Bank of Australia announced an increase in the benchmark interest rate from 4.10% to 4.35%, with an estimate of 4.35%.

Last period's main futures contract on the European line of the Shanghai Futures Exchange increased by over 2%, closing at 2258 points.

WHO reported on the 4th that the Honduras cruise ship has 7 cases related to hantavirus, 2 confirmed by laboratory, 5 suspected, 3 deaths, 1 in critical condition, and 3 with mild symptoms. The onset of illness was from April 6 to 28, with symptoms including fever and gastrointestinal discomfort, some progressing to pneumonia, acute respiratory distress syndrome, and shock. The overall risk to the public is low.

Gold fluctuates slightly with volatility further narrowing, and recent trends are more dependent on changes in market sentiment. Currently in a geopolitically sensitive phase, one notable difference between gold and other major asset classes is that it is one of the most direct victims of high oil prices. It is recommended to patiently observe the developments in the US-Iran situation; currently, there is little value in participating at this level. (CICC Wealth Futures)

Hong Kong stocks are closed for the midday break.
During the morning trading session, the Hang Seng Index rose by 1.7%, and the Hang Seng Tech Index increased by 2.86%;
Hardware equipment, semiconductors, and retail sectors led the gains, with Tianxu Zhixin up over 15%, Cambridge Technology up over 14%, Xiaomi Group up over 8%, Alibaba up over 5%;
Oil and petrochemicals, steel, and coal sectors declined, with Shoujia Technology down over 9%, China-Hong Kong Petroleum down over 5%, Mongolia Energy down over 3%.

According to reporters from China State Railway Group Co., Ltd., on May 4th, the national railway transported 20.38M passengers. Since the start of the May Day holiday transportation on April 29th, the total number of passengers transported by the national railway has reached 117M, with safe, smooth, and orderly transportation. On May 5th, the return flow of passengers continued to rise, with the national railway expected to send 23 million passengers, and an additional 2,225 passenger trains scheduled to be added. (CCTV News)

Huate Dain’s announcement states that on April 24, 2026, the company’s director and general manager Yang Jie increased his holdings by 50,000 shares at an average price of 28.5 yuan per share, holding 80,000 shares; director and deputy general manager He Shuwang increased his holdings by 10,100 shares at an average price of 28.58 yuan per share; deputy general manager Wang Longjiang increased his holdings by 5,000 shares at an average price of 28.49 yuan per share; CFO Tan Lifu increased his holdings by 5,000 shares at an average price of 28.48 yuan per share; employee director Fan Zhisheng increased his holdings by 5,000 shares at an average price of 28.41 yuan per share; and board secretary Fan Liming increased his holdings by 6,000 shares at an average price of 28.66 yuan per share.

According to Lighthouse Professional Edition, as of 11:40 AM on May 4th, the total number of moviegoers during the 2026 May Day holiday has exceeded 18.91 million, surpassing last year's final May Day holiday movie attendance (18.9085 million).

Trump urges South Korea to participate in the "Freedom Plan" escort operation for ships stranded in the Strait of Hormuz, South Korea states that it is in close communication with the U.S. side, emphasizing that the safety of international waterways and freedom of navigation align with the interests of all countries, and is considering the proposal and domestic legal procedures; meanwhile, a Panama-flagged ship operated by a South Korean company exploded and caught fire in the Strait of Hormuz, with Trump stating that Iran fired upon ships including South Korean vessels, urging South Korea to participate in the operation.

State Grid Information & Communication announced that in the first quarter of 2026, revenue was 1.34B yuan, a year-on-year decrease of 3.12%; net profit was 4.2822 million yuan, a year-on-year decrease of 24.46%.

The Sudanese Ministry of Foreign Affairs issued a statement in the early hours of the 5th, saying that Sudan has decided to recall its ambassador to Ethiopia and has made preparations for open confrontation with Ethiopia.
In the statement, Sudan’s foreign minister, Moushtin·Salim, said that the drone that attacked Sudanese facilities on the 4th took off from Bahir Dar Airport in Ethiopia, and that Sudan has the right to respond to this “aggression” in an appropriate manner. “We have no intention of launching aggression against any country, but we will respond to any invader’s actions.” (Xinhua News Agency)

Hong Kong stocks closed at midday, with the Hang Seng Index down 1.16% and the Hang Seng Tech Index down 1.83%. In terms of sectors, industrial group companies and semiconductor products and equipment sectors led the gains; communication equipment and automotive sectors led the declines. In individual stocks, Tianxing Medical rose 132.49%, Quantitative派 increased 9.35%, Yijun Group Holdings gained 8.4%, Huachin Technology rose 8.2%, Yuegangwan Holdings increased 7.81%; Qunhe Technology fell 7.19%, EasyHealth dropped 7.05%, Ruipu Lan Jun declined 6.42%, Wuyi Vision decreased 6.25%, Sailors fell 6.17%.

Xinhua Corporation Announcement: To further enhance the competitiveness of existing core products, expand new products, and improve product structure, the company plans to invest in the construction of a new catalyst project at the Ocean Base. The total investment in the project is approximately 105 million RMB, of which 85 million RMB is for fixed assets. After the project is completed, a new catalyst production base with an annual capacity of 200 tons will be built. The construction period is expected to be 9 months, with an expected start date in June 2026.

On April 24, Xiaoma Zhixing announced at the 2026 Beijing Auto Show that the total cost of the 2027 version of its Robotaxi has been reduced to within 230,000 yuan. In addition, the company also released what it says is the industry’s first fully redundant, L4-level unmanned light truck suitable for the entire vehicle. (People’s Finance and Information)

Intel stocks rise over 3% in after-hours trading; reports suggest Apple is considering collaboration with Intel and Samsung to manufacture processors for its devices.

On May 5th local time, European Commission President von der Leyen responded to Trump's threat to raise tariffs on European car imports, stating that the United States cannot unilaterally increase tariffs, and the EU has prepared for various scenarios. On May 1st, Trump said that if the EU does not comply with the bilateral agreement, tariffs on American cars will be raised to 25%, and vehicles produced in the U.S. will be duty-free. A European Commission spokesperson said they will keep all options open and assess subsequent response measures, while continuing to advance the trade agreement through normal legislative procedures and keep the U.S. informed of progress.

Nasdaq 100 Index futures continue to rise, reaching an intraday high, with a gain of 1.5%.

The U.S. Southern Command said on the 4th that U.S. forces in the Caribbean targeted a vessel operated by a terrorist organization, resulting in two drug traffickers being killed. (Xinhua News Agency)