According to the National Development and Reform Commission (NDRC): Since the adjustment of domestic refined oil prices on May 8, international crude oil prices fluctuated upward before pulling back somewhat. The average price over the 10 working days preceding this price adjustment was higher than the average price over the 10 working days preceding the last adjustment. Based on changes in international oil prices, starting from 24:00 on May 21, the prices of gasoline and diesel (standard products) in China were raised by 75 yuan/mt and 70 yuan/mt, respectively. PetroChina, Sinopec, CNOOC, and other crude oil processing enterprises should properly organize the production and distribution of refined oil products, ensure stable market supply, and strictly implement national pricing policies. Relevant departments in all regions should strengthen market supervision and inspection, severely investigate and punish violations of national pricing policies, and maintain normal market order. Consumers may report pricing violations through the 12315 platform. Appendix: Maximum retail prices of gasoline and diesel in provinces (autonomous regions and municipalities) and central cities

[SMM Morning Meeting Minutes: US Dollar Index Plunged; LME Zinc Center Moved Higher] Overnight, LME zinc opened at $3,313/mt and dipped to $3,282/mt in early trading. It then fluctuated upward, with its center moving higher to a peak of $3,367.5/mt. After entering the European trading session, prices pulled back. During the night session, LME zinc gradually recouped its losses and returned to trade near the daily moving average.

According to the latest data from the General Administration of Customs, China imported 11,476.7 mt of husk charcoal in June 2025, down 1% MoM and 9% YoY. The average import price of husk charcoal in June was $652.95/mt. The average import price in May was $593.18/mt, indicating a 10% MoM increase in the average import price of husk charcoal.