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  Geely Xingyuan refreshed version hits the market, priced from 68,800 yuan to 98,800 yuan

  For a limited time, buyers can enjoy promotional prices from 65,800 yuan to 95,800 yuan.

• BYD's Solid-State Battery Roadmap Revealed, Targeting 1,000 km Driving Range by 2027

  BYD is developing a sulfide all-solid-state battery with an energy density of 400 Wh/kg, achieving a driving range exceeding 1,000 km. It is expected to be installed in small batches by 2027 and achieve "solid-liquid parity" by 2030, with deployment in 40,000 vehicles.

• Macro Disturbances Cause SS Futures to Plunge Significantly, Underperform in Peak Season Stainless Steel Prices in the Doldrums [SMM Stainless Steel Daily Report]

  [SMM Stainless Steel Daily Review: Macro Disturbances Drive SS Futures Sharply Lower, Prices in the Doldrums as Peak Season Underperforms] SMM October 13 – SS futures showed a clear downward trend, pulling back significantly. Affected by the potential escalation of Sino-US trade friction and renewed mentions of US tariff policies, metal futures fell sharply starting from Friday's night session and continued to weaken today. During the session, SS prices once dropped, approaching the 12,600 yuan/mt mark. On the spot market side, impacted by the sharp decline in futures and the pullback in Tsingshan's listed prices, market confidence was hit, with inquiries and transactions both relatively sluggish during the day. Although some traders offered concessions, it was still difficult to reverse downstream wait-and-see attitudes, and the overall market remained in the doldrums. In futures, the most-traded contract 2511 strengthened and moved higher. At 10:30 am, SS2511 was quoted at 12,640 yuan/mt, down 195 yuan/mt from the previous trading day. In Wuxi, the spot premium/discount for 304/2B was in the range of 480-780 yuan/mt. In the spot market, the average price for cold-rolled 201/2B coil in Wuxi was reported at 8,050 yuan/mt; for cold-rolled mill edge 304/2B coil, the average price in Wuxi was 13,150 yuan/mt, and in Foshan 13,100 yuan/mt; for cold-rolled 316L/2B coil in Wuxi, 25,300 yuan/mt, and in Foshan, 25,300 yuan/mt; for hot-rolled 316L/NO.1 coil, both locations reported 24,750 yuan/mt; for cold-rolled 430/2B coil, both Wuxi and Foshan reported 7,600 yuan/mt. During the National Day and Mid-Autumn Festival holiday...

• [Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in Shandong Region Expected to Remain Stable

  [Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Shandong Region Expected to Remain Stable] This week, the 64% grade alkaline iron ore concentrate in Shandong's mines and beneficiation plants was quoted at 864 yuan per dry metric ton on a pre-tax, acceptance basis. During the holiday, some large mines underwent maintenance but have since resumed production. A few mines experienced production declines due to ROM shortages, while others maintained normal output as planned.

• [Nickel Pig Iron Daily Review] Tender Prices from Mainstream Steel Mills Guide the Market, High-Grade NPI Prices Decline and Inquiries Increase

  [SMM Daily Review: Tender Prices from Mainstream Steel Mills Guide the Market, High-Grade NPI Prices Decline and Inquiries Increase] October 13 - The average price of 10-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), down 2.5 yuan/mtu MoM from the previous working day.