Global Petroleum Giant to Set Foot into Electric Car Market

[Producers' willingness to hold prices firm rises, magnesium ingot maintains consolidation] The magnesium ingot market consolidated today. Producers chose to hold prices firm, boosted by yesterday's transactions, but downstream purchasing follow-through was weak. Foreign trade orders have not shown sustained recovery, and both domestic and external demand lack growth. The short-term market is expected to remain in consolidation.

[SMM Titanium Spot Express: Price Increase Letters Issued, Titanium Dioxide Market Consolidates in Stalemate] The titanium dioxide market remains stable. Price increase letters have been issued, but actual order fulfillment is insufficient. Demand recovery is limited, and the market has restricted room for upward or downward movement, with consolidation dominating in the short term.

【SMM Titanium Flash】On September 15th, JD.com released the "Titanium Assured" platform-level standard for the kitchen appliance industry, jointly announcing enterprise standards for pure titanium cookware and cups and mugs with the China Daily Hardware Technology Development Center and multiple brands. The standard specifies that the titanium substrate content of pure titanium cookware must be over 99%, and that of cups and mugs must be over 99.6%. It also sets requirements for titanium layer thickness, coating, and migration of harmful substances. Data shows that in the first half of 2026, online sales of titanium kitchenware increased by 94.1% year-on-year, and the growth rate of pure titanium cookware on the JD.com platform reached 335%. With the implementation of the standard and the platform's increased investment in supply chain, the large-scale application of titanium materials in the consumer kitchenware sector is expected to accelerate further.