SMM October 27 News: Throughout October, premiums and discounts in the Tianjin area remained low, and the zinc ingot market in Tianjin performed sluggishly. How will premiums and discounts move going forward?

Recycling Industry Events This Week (October. 13-17)

Recycling Industry Events This Week (October. 20-24)

According to the SMM survey, the SMM Ningbo HRC broad-caliber inventory stood at 397,000 mt as of 10.22, down 13,000 mt WoW.HRC prices edged up this week, with the spot price rising 10-40 yuan/mt WoW. Trading activity in the market improved during the week. As of the afternoon close on 10.24, the most-traded HRC 2601 futures contract settled at 3,250 yuan/mt.

Today, iron ore futures prices experienced sideways weakness, with the main contract DCE I2601 closing at 771, down by 0.58% compared to yesterday. Port spot prices declined by 2-5 yuan from the previous trading day. In Shandong, PB powder transactions ranged between 775-780 yuan per ton, a decrease of 2-5 yuan/ton from yesterday.

In September, Chinese titanium industry exhibited a combination of overall growth and internal divergence in imports and exports. On the upstream raw material side, titanium ore imports reached 447,400 tons, a month-on-month increase of 8.16%, with robust demand driven primarily by the price advantage of imported ore and expanded production in the downstream titanium dioxide industry. On the midstream product side, titanium dioxide exports grew 12.68% month-on-month to 156,300 tons, reflecting the peak season effect. However, cumulative exports still declined by 6.48% year-on-year, indicating that while supply gaps overseas created opportunities, anti-dumping measures and weak downstream demand continued to constrain overall demand. During the same period, sponge titanium and titanium product exports grew by 26.68% and 6.78% month-on-month, respectively, but the market showed significant polarization, with strong demand in high-end sectors like aerospace, while the civilian market faced pressure from high inventory and expanded production capacity.