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  [Daily Chrome Review by SMM] Ferrochrome Runs Strong and Stable, Chrome Ore Remains Bullish

  [SMM Chrome Daily Review: Ferrochrome Prices Held Firm, Chrome Ore Remained Bullish] Jan 27, 2026: High-carbon ferrochrome ex-factory prices in Inner Mongolia were 8,400-8,500 yuan/mt (50% metal content) today, flat MoM from the previous trading day...

• [SMM Analysis] Cost-Driven Price Game: Market Trend Analysis of 314Ah ESS Battery Cells

  From Q4 2025 to early 2026, the global ESS industry chain's upstream raw material market underwent a significant price restructuring. The current battery cell market is in a period of intense competition between "losses" and "delayed price transmission." As battery cell manufacturers generally raised their quotations, the subsequent transaction price levels may continue to rise.

• [SMM Hot-Rolled Arrivals] Shipments to Major Markets Declined WoW  

  SMM Steel, January 27 – According to SMM statistics, estimated total shipments to mainstream markets this week reached 240,820 mt, down 4.90% WoW. By market:  

• [China Sheets & Plates Imports & Exports] January-December 2025, China's sheets & plates exports decreased 3% YoY

  Among them, China's steel sheets & plates exports in December 2025 reached 6.2046 million mt, up 567,200 mt MoM, an increase of 10.1% MoM. Cumulative exports of sheets & plates from January to December totaled 68.092 million mt, down 2.6% YoY.

• MMi Daily Iron Ore Report (January 26)

  Today, Dalian iron ore futures weakened in early trading before staging a minor recovery in the afternoon session. The benchmark contract I2605 ultimately closed at 788 RMB/tonne, representing a decline of 0.51% from the previous trading day.