Recently, Shandong, Shanxi, and other regions issued notices to adjust or revoke certain wind power and PV power generation projects, involving the adjustment of PV investment layouts by multiple central state-owned enterprises and state-owned enterprises. Industry insiders pointed out that behind this change are multiple adjustments in policy orientation, market conditions, and corporate strategy. It also reflects that China’s new energy industry has reached a critical watershed on the path toward “high-quality development,” with the industry landscape, technological routes, and development models all undergoing comprehensive restructuring.

This week, the tungsten market showed a divergent trend with mild corrections in domestic prices and a contrarian rise in overseas APT prices. Domestic tungsten concentrate and midstream product prices remained relatively firm, while scrap tungsten prices dropped sharply as profit-taking emerged. Supported by a tight supply-demand balance, overseas markets strengthened, further widening the price gap between domestic and international markets.

On March 23rd, a new material company in Shandong initiated the first public participation notice for the environmental impact assessment of its 500-ton-per-year PPVE project (technical transformation). On March 19th, a public notice for the draft environmental impact assessment was released for its trifluoroacetyl fluoride deep processing pilot project. The project’s main components include the construction of one set of trifluoroacetyl fluoride deep processing pilot equipment, comprising one pilot production line for ethyl trifluoroacetate and one for carbonyl fluoride. The pilot scale is 500 tons per year for ethyl trifluoroacetate and 500 tons per year for carbonyl fluoride, with a maximum pilot period of two years.

[SMM Titanium Weekly Review: Cost-Driven Titanium Dioxide Price Hikes Took Effect, Market Adjustments Released Upward Signals] This week, the titanium industry chain showed a divergent trend. The titanium concentrate market remained in the doldrums, with imported ore prices falling लगातार under pressure from downstream efforts to push for lower prices and accumulating port inventory. Titanium dioxide, meanwhile, saw the second round of collective price adjustments in mid-month under persistently high sulphuric acid costs. Mainstream enterprises in China raised domestic prices by 500 yuan/mt and export prices by $100/mt, pushing the quoted center up to 14,000-14,500 yuan/mt, though follow-up from domestic demand remained mediocre and foreign trade orders showed clear divergence. The titanium slag market stayed in the doldrums, with prices under pressure amid weak costs and demand. In the titanium sponge market, leading enterprises took the lead in raising prices, with domestic prices up 2,000 yuan/mt and international prices up $300/mt. Supported by restocking demand for titanium materials and low inventory, the market showed a strong willingness to hold prices firm, but downstream processing segments still maintained a wait-and-see stance, and titanium ingot and titanium plate/strip prices only edged up slightly. Overall, cost support and structural demand divergence coexisted, and future price trends still depended on substantive improvement on the supply and demand side.

TrendForce stated that the two major wafer foundries, TSMC and Samsung Electronics, had increased prices for the most-traded advanced 5/4nm processes used for AI chips. At TSMC, capacity at the 5/4nm, 3nm, and 2nm periods will remain fully utilized, and toll processing prices for these processes have been increased across the board; meanwhile, order volumes for Samsung Foundry's 5/4nm processes also increased significantly, prompting it to issue price hike notices to clients in Q4 2025.

[SMM Silicone Weekly Review: The Center of Market Transactions Shifted Slightly Lower, and Downstream Wait-and-See Sentiment Increased] This week, the quotation range for mainstream quotations in China’s silicone DMC market was 13,800-14,300 yuan/mt, down 100 yuan/mt WoW. Overall market trading sentiment remained weak, with increased back-and-forth negotiations between upstream and downstream. As raw material support still persisted, midstream players remained cautious in procurement sentiment, and wait-and-see sentiment in the market was strong.