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Golden Ten Data reported on April 30 that the CNH HIBOR (offshore RMB Hong Kong Interbank Offered Rate) showed a decline across all major tenors on Thursday; the overnight HIBOR dropped by 9 basis points to 1.17879%, marking the lowest level since February 23. The one-week HIBOR edged down to 1.37576%, the two-week HIBOR fell to 1.37758%, and the one-year HIBOR slightly declined to 1.68606%.

The products involved are metallurgical coke with an ash content of less than 18%, excluding ultra-low phosphorus metallurgical coke with a phosphorus content not exceeding 0.030% and a particle size not exceeding 30 mm, allowing a 5% particle size tolerance, used for the production of ferroalloys; semicoke or soft coke; and LAM coke with a particle size of 20-40 mm used for pig iron production not exceeding 130 square meters.

Golden Ten Data reported on April 30 that Luke Yeaman, Chief Economist at Commonwealth Bank of Australia (CBA), stated that regardless of how the conflict in Iran develops, the outlook for ongoing energy supply disruptions and rising inflation expectations means that it will be crucial for central banks to maintain policy credibility. The Reserve Bank of Australia has already demonstrated its anti-inflation policy stance this year and is expected to raise interest rates by another 25 basis points in May. However, Yeaman added that since some committee members may still be concerned about downside risks to economic growth, the May decision is likely to be closely contested.