[SMM Titanium Weekly Review: Strong Support from High-end Demand, Continuous Pressure on Basic Products] This week, the titanium market showed a clear divergence in trends. Sponge titanium prices continued to rise, with Grade 0 quoted at 53,500 yuan/mt, and trading volume significantly increased driven by large overseas orders. The titanium material market saw robust demand from the military sector, with TA1 titanium ingot priced at 59,000-60,000 yuan/mt. However, the titanium dioxide market remained in a downward trend, with rutile-type titanium dioxide priced at 13,000-14,300 yuan/mt. Despite production cuts by manufacturers, inventory pressure persisted. Titanium concentrate (TiO2≥47%) was priced at 2,000-2,150 yuan/mt, with sluggish demand affected by the off-season. Overall, high-end titanium products performed strongly, supported by military and export demand, while the civilian sector still awaited demand recovery. The market divergence pattern is likely to continue.

[SMM: Social Warehouses of Silicon Metal Decline WoW] According to SMM statistics, the total social inventory of silicon metal in major regions reached 542,000 mt on June 26, decreasing by 17,000 mt WoW.

[SMM Weekly Review of Power Battery Cell Market] Overall, the supply and demand of power batteries for passenger vehicles is relatively loose; while the supply and demand of power batteries for commercial vehicles is relatively tight.

[Silicon Metal Quotes Stabilize and Edge Up, Production Cuts at Large Plants Boost Futures]: This week, the main futures contract has been trading around 7,400-7,600 yuan/mt, with some suppliers raising their quotes to downstream users by about 100 yuan/mt WoW. Downstream aluminum alloy and other users have focused on purchasing as needed or digesting inventories, with spot transaction prices remaining stagnant. On Thursday, influenced by news of production cuts at large plants in Xinjiang on the supply side, the main futures contract price rose by 2.66% in a single day, reaching an intraday high of 7,830 yuan/mt. Silicon enterprises also followed suit by raising their quotes. Downstream purchasing was relatively sluggish, with users mainly observing the market, resulting in sluggish intraday transactions. Today, SMM's oxygen-blown #553 silicon in east China is priced at 8,100-8,300 yuan/mt, up 50 yuan/mt WoW, while #441 silicon is priced at 8,400-8,600 yuan/mt, unchanged WoW.

[Sluggish downstream demand in North China, social inventory increased slightly] According to SMM's communication and understanding, as of Thursday (June 26), the total zinc ingot inventory across seven locations monitored by SMM was 79,500 mt, a decrease of 100 mt compared to June 19, and an increase of 1,700 mt compared to June 23. Domestic inventory recorded an increase...

Recently, the Management Committee of Qujing Economic and Technological Development Zone in Yunnan Province issued a pre-approval announcement for the construction project design plan of the integrated production and construction project with an annual output of 100,000 mt of lithium battery anode materials by Yunnan Zhongke Shinzoom Graphite Co., Ltd. According to the information, the project is located to the west of Sanyuan Road and to the north of Huanbei Road in the state-level Qujing Economic and Technological Development Zone, with a total land area of 370,269.51㎡. The project site mainly plans for 20 standalone buildings, including 8 factory buildings, 1 warehouse, 1 comprehensive building, 1 logistics service center, 1 shift dormitory building, 3 gatehouses, 1 hazardous waste and solid waste storage building (including a garbage station), 1 maintenance workshop, 1 GIS building, 1 comprehensive building for the power distribution room, and 1 garbage station.

DCE iron ore futures fluctuated in the doldrums throughout the day, with the most-traded contract I2509 closing at 702.5, down 0.43% for the day. Traders' willingness to sell was moderate. Steel mills adopted a cautious wait-and-see attitude, with a moderate amount of low-level inquiries.

[SMM Weekly Magnesium Review: Suppliers Reluctant to Sell amid Strong Sentiment, Magnesium Prices Bottom Out and Rebound] This week, the magnesium ingot market generally exhibited a fluctuating rangebound trend, involving multiple links such as dolomite, magnesium ingot, magnesium alloy, and magnesium powder.

[Macro sentiment continues to recover, SHFE zinc records four-day winning streak] The most-traded SHFE zinc 2508 contract opened at 22,095 yuan/mt. Subsequently, with bulls increasing their positions, SHFE zinc fluctuated upward, surpassing the daily average line and touching a high of 22,400 yuan/mt. Near the end of the trading session, bears increased their positions, causing SHFE zinc to drop back slightly. It finally closed up at 22,240 yuan/mt, rising by 195 yuan/mt or 0.88%. Trading volume increased to 168,000 lots, and open interest rose by 5,773 lots to 136,000 lots...