[SMM Spot Titanium Flash: Titanium Concentrates Market Remains Weak, Raw Material Weakness Puts Titanium Dioxide at Further Downside Risk] SMM, August 7 –

SMM Weekly Stainless Steel Futures Review — week of July 27 – July 31, 2026. A hawkish Fed hold, deepening off-season demand weakness, and the first inventory build in weeks drag the benchmark contract down RMB 135/mt in the week

In late July, China's aluminum billet processing fees have continued to pull back from their highs in June, with φ120 aluminum billet processing fees in some major consumption areas approaching the production cost line. Amid weakening marginal demand during the off-season, increased arrivals in South China, and a relatively stable center in aluminum prices, whether processing fees can hold firm near the cost line has become the core issue of market focus....

"The store sold 86 pre-owned homes in H1, a YoY growth of 43%. High-quality 'good homes' are highly favoured by clients," Li Songqiang, commercial district manager of the Beijing Lianjia Aozhou Kangdu store, told a China Securities Journal reporter. As July began, the recovery in Beijing and Shenzhen's housing markets continued to consolidate. A reporter visited several real estate agency stores and found that trading volumes and average transaction prices in both the new and pre-owned housing markets had improved simultaneously, client inquiries and on-site viewings remained high, and the market recovery momentum was becoming increasingly clear. Experts believe that the current market still has strong resilience and self-adjustment capability, and the subsequent recovery will be mainly characterized by structural improvement driven by high-quality supply.

According to incomplete statistics, since the beginning of this year, over 20 provinces and cities nationwide, including Guangdong, Hubei, Guizhou, Yunnan, as well as Chengmai County in Hainan, Lhasa City in Tibet, Huai'an City in Jiangsu, Jinjiang City in Fujian, and Urumqi City in Xinjiang, have introduced housing purchase subsidy policies. The biggest change in the above-mentioned policies is that, on top of the universal "everyone gets a share" inclusive bonus, the "customized gift package" is precisely targeted at specific groups. In the toolbox for regulating the real estate market, housing purchase subsidies are becoming increasingly refined and differentiated. The largest beneficiary group of the "customized gift package" remains high-level talent......

The first half of 2026 has come to an end, with China's galvanized steel sheet market facing persistent demand pressure. Most market participants reported weaker order books compared with previous years, as both domestic and export orders declined to varying degrees on a year-on-year basis. Demand performance varied significantly across downstream sectors. How did each end-use segment perform in the first half of the year? And what can be expected for the market in the second half?