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  Export Recovery Fails to Mask Weak Domestic Demand, Market Continues Divergence Pattern [SMM Titanium Spot Cargo Express]

  [SMM Titanium Spot Report: Export Recovery Fails to Mask Weak Domestic Demand, Market Continues Divergence] October 27, sponge titanium prices remained generally stable, with Grade 0 offers at 47,000-48,000 yuan/mt, while downstream procurement remained cautious. September export data showed sponge titanium exports up 26.68% MoM and titanium materials exports up 6.78% MoM, with high-end sector demand providing significant support, but the civilian market remained under pressure due to high inventory. Titanium dioxide market operated in the doldrums, with anatase type offers at 12,000 yuan/mt; September exports rose 12.68% MoM, but cumulative exports still fell 6.48% YoY, with insufficient new orders after the September peak season. Overall, the titanium industry chain sees coexisting export recovery and weak domestic demand, maintaining a structurally divergent market trend.

• Why Leading Automakers Choose Raytron Thermal Imaging for Safer Driving？

  Raytron's automotive thermal camera helps cut through these threats by detecting heat signatures from pedestrians, animals and objects.

• Buyer demand remains weak, market transactions are sluggish, and Yangshan copper premiums continue to decline [SMM Spot Copper at Yangshan]

• [SMM Chromium Daily Review] Steel Tender Settles Flat, Market Sentiment Remains Sluggish

  [SMM Chromium Daily: Steel Mill Tender Price Settled Flat, Market Sentiment Remains Weak] October 27, 2025: The ex-factory price for high-carbon ferrochrome in Inner Mongolia today was 8,300-8,450 yuan/mt (50% metal content), down 25 yuan/mtu MoM from the previous trading day…

• MMi Daily Iron Ore Report (October 27)

  Today, the Dalian iron ore futures strengthened, with the most-traded contract I2601 closing at 786.5 yuan, up 1.94% from the previous trading day. Main port spot prices rose 10-15 yuan/mt compared to the previous trading day, with PB fines transaction prices in the Shandong region at 785-790 yuan/mt, up 10 yuan/mt, and those in the Hebei region at 795-802 yuan/mt, up 10-12 yuan/mt from the previous trading day. Steel mills procured based on demand, while traders followed market trends, resulting in an overall subdued trading atmosphere.