[SMM Magnesium Ingot Spot Report: Supply Pressure Reemerges, Magnesium Prices Fall Under Pressure] On October 28, the ex-factory offer for magnesium ingots in the Fugu area was lowered to 16,100–16,400 yuan/mt, with the FOB offer at $2,310/mt. Market trading volume increased significantly, with the single-day trading volume exceeding 1,000 mt and the mainstream transaction price at 16,100 yuan/mt. According to an SMM survey, some magnesium plants are expected to resume production, and the industry operating rate continues to rebound. Some small plants are releasing inventory pressure through futures presales, and market sentiment remains bearish. Magnesium prices are expected to remain under pressure in the short term.

October 28: Northern ports: South African high-iron fines at 29.4-30.1 yuan/mtu, up 0.34% WoW; South African semi-caramel at 34-34.5 yuan/mtu, flat WoW; Gabonese fines at 39.6-40.4 yuan/mtu, up 0.25% WoW; Australian lumps at 39.9-40.4 yuan/mtu, down 0.25% WoW; South African medium-iron fines at 35.1-35.8 yuan/mtu, up 0.28% WoW. Southern ports: South African high-iron fines at 30.7-31.2 yuan/mtu, up 0.32% WoW; South African semi-caramel at 36.9-37.4 yuan/mtu, flat WoW; Gabonese fines at 40.5-40.1 yuan/mtu, up 0.25% WoW; Australian lumps at 40.1-40.8 yuan/mtu, down 0.25% WoW; South African medium-iron fines at 36.5-37.2 yuan/mtu, up 0.27% WoW.

[SMM Chrome Daily Review: Supply-Demand Balance Adjusted, Market Remained in the Doldrums] October 28, 2025: High-carbon ferrochrome ex-factory prices in Inner Mongolia today were 8,250-8,400 yuan/mt (50% metal content), down 50 yuan/mtu MoM from the previous trading day...

[SMM Titanium Spot Report: Titanium Tetrachloride Market Remains Firm at Low Levels Amid Dual Impact of Costs and Demand] SMM October 28 – Today, the quotation for titanium tetrachloride was 5,000-5,300, with an increase in low-priced sources in the market.

[SMM Stainless Steel Daily Review: SS Futures Decline Dragged Down Spot Market, Insufficient Demand and Losses Prompt Steel Mills to Expect Production Cuts] SMM October 28 - SS futures showed a downward trend. Today, dragged down by weak precious metal performance, SHFE nickel prices fell, coupled with poor fundamentals, SS futures followed the decline, once dropping to 12,730 yuan/mt during the session. In the spot market, although the previous rise in SS futures failed to effectively drive up spot prices, today, as futures pulled back, the spot market also retreated. Amid persistently sluggish transactions, market merchants showed increased willingness to offer discounts for shipments, leading to further price declines. Recently, multiple steel mills reported production cuts, currently mainly focusing on 200-series stainless steel. In the afternoon, influenced by news of further production cuts from steel mills, 201 stainless steel offers rose slightly. The most-traded SS2512 contract declined. At 10:30 a.m., SS2512 was quoted at 12,745 yuan/mt, down 70 yuan/mt from the previous trading day. In Wuxi, the spot premiums/discounts for 304/2B were in the range of 225-525 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coil in Wuxi was 8,000 yuan/mt; the average price of cold-rolled mill-edge 304/2B coil was 12,900 yuan/mt in both Wuxi and Foshan; cold-rolled 316L/2B coil in Wuxi was 25,325 yuan/mt, and 25,325 yuan/mt in Foshan; hot-rolled 316L/NO.1 coil was quoted at 24,850 yuan/mt in both regions; cold-rolled 43...