This week, China is set to receive two more shipments of Australian met coal, indicating a return to normalcy between the two countries after trade was halted in 2020.

Supply tightness in Australia is also expected to support met coal prices.

In steel, demand recovery in China's construction sector is likely to be modest, with long steel inventories remaining healthy.

In the flat steel segment, traders in Vietnam are awaiting offers from one of the major steel mills for cues.

India's steel exporters will be monitoring Turkey's earthquake recovery to see if customers are affected by shipment delays and require alternate supplies.

Aluminum prices are likely to remain volatile due to potential output cuts in China's Yunnan hub.

The US' decision on whether to impose a 200% tariff on Russian aluminum will also be closely watched. If implemented, it may result in an influx of Russian shipments to China.

Grain markets will be closely watching corn arrivals in China from Brazil, after the first shipment arrived earlier in February under a new bilateral pact.

India's wheat planting will also be closely watched this week.

A bumper crop had been forecast due to an increase in acreage and conducive weather during germination. However, traders now fear a heatwave will reduce the volume.

I am Rituparna Nath. Thanks for kicking off your Monday with S&P Global Commodity Insights.