[ SMM Titanium Weekly Review: Titanium Industry Chain Remained in the Doldrums This Week, Structural Divergence Seen Across Upstream and Downstream ] This week, the titanium industry chain overall presented a pattern of upstream stabilization and midstream-downstream structural divergence. Upstream titanium concentrate prices edged up slightly in major production areas, but weak downstream demand capped the overall increase; the midstream titanium dioxide market fluctuated at highs, supported by eased cost pressure and pre-holiday stockpiling expectations; titanium slag enterprises generally suffered losses, with operating rates low; sponge titanium prices weakened and adjusted downward, with inventory pressure still present; downstream titanium materials market, underpinned by costs, saw firm demand and slight price increases in high-end sectors (e.g., aviation-grade titanium ingots), while weak civilian demand constrained the rise of general materials, maintaining an overall weak supply-demand balance.

This week, ferrous metals fluctuated rangebound. During the week, ferrous futures largely followed the fluctuations in capital market sentiment, with no significant drivers from their own fundamentals. At the beginning of the week, the US dollar plunged sharply, which benefited commodities, leading to a rapid surge across the board. The ferrous metals market also showed a synchronized rising trend, but its sustainability was relatively weaker compared to other sectors, resulting in an overall fluctuating trend. In the latter half of the week, domestic expectations for further RRR cuts and interest rate cuts were released. However, previously strong performers such as ferrous metals and the A-share market experienced a pullback, and capital market sentiment saw a pullback. Post-holiday inventory of the five major steel products shifted from an increase to a decrease, leading to slightly better performance in finished products...

[SMM Ferrochrome Weekly: Cost Support and Bullish Sentiment Keep Chromium Market Offers Stable with a Raise] January 16, 2026: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,350-8,500 yuan/mt (50% metal content), flat MoM from the previous trading day...