FUNTI · MORNING BRIEF
Today, start with these 9
October 20, 2026 · Mobile edition
01 HIGHLIGHTS
October LPR due at 09:30 today
The one-year LPR has been 3.0% and the five-year-plus 3.5% for 16 consecutive months, and the market broadly expects no change.
Stable funding costs mean export quotes need no rate-driven revision;
02 HIGHLIGHTS
Canton Fair Phase I closed yesterday
The first phase of the 140th Canton Fair ended on Oct 19, and the seven-day post-show follow-up window starts today
Send the first follow-up with FOB price, lead time and a seven-day quote.
03 RAW MATERIALS
Lithium up 4.4% in two sessions
The GFEX main contract closed at RMB 100,560/t on Oct 19, up 1.49% and 4.4% above the Oct 16 low of 96,320, with no new quote before today's 09:00 open.
Do not reprice today; wait for a pullback to 96,000–98,000.
04 RAW MATERIALS
Goldman lifts copper target by 7%
It raised its end-2026 copper forecast from USD 13,735/t to USD 14,700/t.
Lock copper volume in batches, not price.
05 RAW MATERIALS · CHINA
RMB firms another 61 pips
Bank of China's Oct 20 USD selling rate was 669.88, 61 pips stronger than Oct 17.
For USD orders beyond 90 days, hedge or add an FX-adjustment clause.
06 RAW MATERIALS
Aluminium stays in the noise band
LME three-month aluminium closed at USD 3,016/t on Oct 19, up USD 15 (+0.5%), while Shanghai aluminium closed at RMB 23,415/t in the night session, up 0.39%.
Negotiate aluminium parts at current prices; no need to lock.
07 OVERSEAS · PHILIPPINES
Philippines EVAP opens in two days
The 14th EVAP 2026 runs Oct 22–24 at SMX Manila, with e-motorcycles and batteries duty-free through 2028.
This is the Philippines' only national EV show
08 OVERSEAS · BRAZIL
Brazil CKD quota countdown
The zero-tariff quota expires Dec 31, after which the CKD rate jumps from 14% to 35%, while SKD is already taxed at 35%
Schedule Q4 production from customs clearance by Dec 31, not shipment;
09 OVERSEAS · INDONESIA
No new overseas policy files today
No new tariff, access or subsidy documents for Mexico or Africa were found for Oct 20; Indonesia's IDR 3 million subsidy, the Philippines' zero duty and Vietnam's EFTA deal were all covered earlier.
Watch only the Philippines show and Brazil quota countdowns today.
FUNTI · Taizhou Fangxiang Technology Co., Ltd. · Auto-generated
Figures are compiled from public market sources; verify before commercial use.
