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  [NPI Daily Review] High-Grade NPI Market Activity Increases Significant Transactions Await September Consumption Data

  [SMM Daily Review: High-Grade NPI Market Activity Increases, Large Volumes of Transactions Await September Consumption Figures] On August 27, the SMM 10-12% high-grade NPI average price was 940.5 yuan/mtu (ex-factory, tax included), up 6 yuan/mtu from the previous working day.

• Sino-German Joint Venture Builds a Green Battery Industry Chain: Opportunities and Challenges in Cooperation

  Recently, Germany’s revomet GmbH and China’s CNGR Advanced Material officially established a joint venture, marking an important step forward in China-Europe cooperation in battery recycling and critical material supply. This collaboration not only combines the technological and resource strengths of both parties but also reflects the complexity and necessity of cross-border coordination amid the global reshaping of the new energy industry chain.

• MMi Daily Iron Ore Report (August 27)

  Today, the iron ore futures were in the doldrums, with the most-traded I2601 contract closing at 776.5, down 0.7% from yesterday's price. Traders sold goods according to market conditions; steel mills purchased as needed, with moderate inquiries.

• YANGWANG U9 Track Edition hits 472.41 km/h, setting new global EV speed record

  On August 26, BYD's luxury vehicle sub-brand YANGWANG announced its U9 model set a new global speed record for electric vehicles.

• SS futures fluctuate rangebound, stainless steel spot prices stabilize due to lack of upward momentum [SMM Stainless Steel Daily Review]

  [SS futures fluctuate rangebound, spot stainless steel prices stabilize due to lack of upward momentum] SMM reported on August 27 that SS futures showed a stable fluctuating trend. As macro news was gradually digested, the impetus for further gains in SS futures weakened, with prices oscillating around 12,850 yuan/mt during the day. In the spot market, although the peak September-October season is approaching and both nickel and chromium procurement prices have risen, SS futures remained steady. Spot transactions were moderate recently, but downstream acceptance of higher prices was limited, leading to stable quotes from spot traders and a lack of upward momentum. On the futures side, the most-traded 2510 contract fluctuated. At 10:30 am, SS2510 was quoted at 12,890 yuan/mt, up 30 yuan/mt from the previous trading day. The spot premiums and discounts for 304/2B in Wuxi ranged between 330-480 yuan/mt. In the spot market, Wuxi cold-rolled 201/2B coils were quoted at 8,100 yuan/mt; cold-rolled 304/2B coils, with an average price of 13,125 yuan/mt in Wuxi and 13,125 yuan/mt in Foshan; cold-rolled 316L/2B coils, 25,675 yuan/mt in Wuxi and 25,675 yuan/mt in Foshan; hot-rolled 316L/NO.1 coils, 25,100 yuan/mt in both regions; and cold-rolled 430/2B coils, 7,400 yuan/mt in both Wuxi and Foshan. Last week, SS futures continued to decline, erasing all gains made this month...