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  Macro factors support futures prices generally stable with slight rise Northern silicon enterprise shipments increase [SMM Silicon Industry Weekly Review]

  [Macro factors support futures prices generally stable with slight rise; Northern silicon enterprises' shipments increase]: This week, spot silicon metal prices overall held steady, with individual grades slightly rising. Futures prices, supported by the macro front and capital sentiment, fluctuated upward. As of January 29, SMM East China 553# silicon was quoted at 9,200-9,300 yuan/mt, flat WoW; 441# silicon was quoted at 9,400-9,600 yuan/mt, up 100 yuan/mt WoW; 3303# silicon was quoted at 10,200-10,500 yuan/mt, flat WoW. In the futures market, the center of the most-traded contract's trading range moved higher WoW, with the highest point touching 9,000 yuan/mt. On Thursday, January 29, the most-traded SI2605 contract settled at 8,925 yuan/mt. On the transaction side, some northern silicon enterprises saw increased shipments via futures market order placement, with the center of order pricing concentrated at 8,950-9,000 yuan/mt. Downstream users engaged in pre-Chinese New Year stockpiling purchases or tenders, with market purchasing primarily as needed.

• Amidst a mix of bullish and bearish factors, the most-traded SHFE tin contract fluctuated at highs, with downstream enterprises adopting a cautious wait-and-see approach. [SMM Tin Futures Brief Review]

  [SMM Tin Futures Review: The Most-Traded SHFE Tin Contract Fluctuated at Highs Amid Mixed Factors, Downstream Enterprises Remained Cautious and Watchful]

• Copper prices break through the 110,000 mark, disturbing market procurement pace [SMM Enamelled Wire Market Weekly Review]

  During the week of January 23–29, the operating rate of the enamelled wire industry rebounded as expected, rising 1.06 percentage points WoW to ...

• [SMM Chromium Daily Review] Quotations Continue to Rise, Chromium Market Maintains Strong and Stable Operation

  [Market Review: Ferrochrome Prices Continue to Rise, Market Remains Strong and Stable] News on January 29, 2026: Today, the ex-factory price for high-carbon ferrochrome in the Inner Mongolia region was 8,500-8,600 yuan/mt (50% metal content), up 100 yuan MoM from the previous trading day...

• [SMM Analysis] Stainless Steel Market Watch Intensifies as Inventory Rises and Demand Remains Sluggish