FUNTI · MORNING BRIEF
Today, start with these 7
October 28, 2026 · Mobile edition
01 HIGHLIGHTS
The Fed decides tonight, results before dawn
The FOMC meets October 27–28 and the statement lands at 02:00 Beijing time on October 29.
today is not a hedging day.
02 HIGHLIGHTS
Export licence pre-review has closed, filing is now under review
The October 26 pre-review deadline has passed and late filings are no longer accepted.
models that missed pre-review have no make-up channel this year.
03 RAW MATERIALS
Lithium carbonate futures jump 3.55%
The GFEX front-month closed at 98,500 yuan/t on October 27, up 3,380 yuan from 95,280, while SMM battery-grade spot stood at 98,300 yuan/t on October 26, still below 100,000.
Lock one-third for Q4, add a small tranche on sharp dips, do not chase rebounds.
04 RAW MATERIALS
Copper edges up, aluminium flat
SHFE copper 2612 closed at 108,640 yuan/t on October 27, up 460 yuan (+0.43%); SHFE aluminium 2612 closed at 23,475 yuan/t, unchanged; offshore, LME copper 3M closed at USD 14,462/t, up USD 124, and LME aluminium 3M at USD 3,097/t, up USD 59.
Negotiate at current prices, lock copper volume in tranches rather than locking price.
05 RAW MATERIALS
Yuan central parity at 6.7171, 9 bp weaker
The October 27 USD/CNY central parity was 6.7171, 9 bp weaker than the previous day; euro 7.4804, 100 yen 4.2518, HKD 0.85630; onshore spot closed near 6.6675, still in the strongest band in three and a half years
keep USD order planning in the 6.70–6.72 band, wait for the Fed decision today
06 OVERSEAS · INDONESIA
Indonesia's subsidy is not selling, but real demand is there
Subsidy-backed electric motorcycle sales reached only about 18,900 units through August 2026.
Indonesia is a market with demand but no policy lever.
07 OVERSEAS · INDONESIA
Indonesia's local-content rule reaches 40% in 2026
Localisation must reach 40% in 2026, or subsidy and procurement eligibility are lost.
any customer doing CKD in Indonesia needs a "40% local sourcing list" this year.
FUNTI · Taizhou Fangxiang Technology Co., Ltd. · Auto-generated
Figures are compiled from public market sources; verify before commercial use.
