In July 2026, TiO₂ prices fell by RMB 1,900/mt from early-month levels, with inventories rising 23.26% MoM despite a slight output drop. Sponge titanium prices declined by RMB 3,000/mt, as output grew 5.45% MoM and demand remained weak. Export momentum softened amid summer lulls and stricter controls. Both markets are expected to stay under pressure in the near term, with a bearish near-term outlook.

As the unified national electricity market accelerates its formation and new energy fully integrates into the market, the industry's profit logic has shifted from "policy-backed guarantees" to "market tug-of-war," with the core focus of competition moving from scale expansion to value creation. Against this backdrop, the value coordinate system of the PV+ESS industry is being restructured: installed capacity is no longer the sole benchmark. What truly matters is—how many grid integration challenges has technology solved for the power system? How much quantifiable value have solutions created for users? And how much life-cycle return have services brought to power station assets? Facing this restructuring, industry chain enterprises urgently need to pinpoint their direction in cost reduction and efficiency improvement, explore value in diverse scenarios, and realize returns through electricity trading. This conference gathers core forces from government, industry, academia, research, and capital to discuss key topics such as high-efficiency modules, grid-forming ESS, virtual power plants, and asset operations in depth. Through supply-demand matchmaking sessions, it aims to efficiently align cutting-edge technologies with project demands, helping enterprises seize opportunities and achieve win-win outcomes for the future amid the transformation. Sichuan Yingfa Ruineng Technology Co., Ltd. hereby extends a cordial invitation to gather at this pinnacle industry event. Let us join hands to create a bright future for the PV industry and embrace the dawn of a new era. Click now to easily complete your attendance registration, and together witness and participate in this remarkable, far-reaching industry event, co-creating a brilliant new chapter! Yingfa Ruineng, founded in 2016, is a globally leading high-tech enterprise in new energy, focusing on R&D, production, and sales of solar cells. With sustained technological innovation and exceptional manufacturing capabilities, the company ranks firmly among the top in the global PV industry. It has been honored with many prestigious recognitions, including the National-Level Specialized and Sophisticated "Little Giant" Enterprise, National High-Tech Enterprise, and GEI China Unicorn Enterprise. The company concentrates on N-type TOPCon and BC cell technologies, leading the industry's technological transformation. The efficiency of its N-type TOPCon solar cells has surpassed 27.02%, with global shipments steadily ranking among the top three in the industry for 2024, and its annual solar cell shipments claiming the world's second spot in 2025. In terms of industry chain integration, the company's monocrystalline silicon rod project has received special support from the MIIT for high-quality development, and its solar cell products have passed French carbon footprint certification and TÜV SÜD certification, demonstrating global market competitiveness. Under the era's backdrop guided by the "dual carbon" goals and the accelerating global energy transition, Yingfa has always upheld the corporate purpose of "Diligence and Integrity to Achieve Dreams," embraced the corporate values of "Virtue, Wisdom, Diligence, Inclusiveness, and Collaboration," and practiced its vision of "enabling everyone to afford and access clean and environmentally protective new energy." The company takes technological innovation as its core driving force, and through industrial synergy, complementary advantages, and open, win-win cooperation, works with global partners to drive PV technology breakthroughs, product upgrades, and high-quality industry development. 16BB-N-210RN 183.75 Dimensions-N-18BB Contact Song Si 13062589605 Official Website QR Code Official Account QR Code Long press to scan and register now

[SMM Stainless Steel Daily Review] SS Futures Center Moves Up, Spot Stainless Steel Market Sentiment Recovers According to SMM news on August 4, SS futures shot up and probed higher overall. Near the close of the night session, driven by fund operations, SHFE nickel and SS futures shot up quickly. Although SS pulled back briefly at the morning open, it had risen significantly overall. At the close, the most-traded SS contract settled at 14,470 yuan/mt. Spot market, buoyed by the rally in SS futures, traders for stainless steel agents raised their quotes even as steel mill spot guidance prices held steady. Market activity picked up and inquiry and transaction performance was moderate. The most-traded SS futures contract: at 10:15 AM, SS2609 was at 14,870 yuan/mt, up 345 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the 200–550 yuan/mt range. In the spot market, average prices: Wuxi cold-rolled 201/2B coil stable; cold-rolled raw edge 304/2B coil (Wuxi up 50 yuan/mt, Foshan up 75 yuan/mt); Wuxi cold-rolled 316L/2B coil flat; hot-rolled 316L/NO.1 coil quote flat in Wuxi; cold-rolled 430/2B coil flat in both Wuxi and Foshan. This week, macro sentiment turned bearish and dominated metals market trends, and stainless steel futures consolidated on a subdued note under overall pressure. The US Fed left interest rates unchanged at its meeting this week as expected, but its overall tone was hawkish. Commodity valuations came under broad pressure, and the nonferrous metals sector weakened across the board. Dragged down by the contagion of macro headwinds, SS futures...

Lightweight Intelligent Manufacturing, Green Future — Linking the New Aluminum Journey 2027 The 4th Central China (Zhengzhou) International Aluminum Industry Exhibition Date: October 15-17, 2027 Venue: Zhengzhou International Convention and Exhibition Center I. Introduction The Zhengzhou International Aluminum Industry Exhibition has been successfully held for three editions, with each edition receiving guidance and support from organizations including the Henan Provincial Development and Reform Commission, Henan Provincial Department of Industry and Information Technology, Henan Provincial Department of Commerce, Zhengzhou Municipal Government, China Nonferrous Metals Industry Association (CNIA), Zhengzhou Municipal Bureau of Industry and Information Technology, and Gongyi Municipal Bureau of Industry and Information Technology. The last edition was successfully held from October 15 to 17, 2025 at the Zhengzhou International Convention and Exhibition Center, attracting more than 200 enterprises from China and overseas, and comprehensively showcasing cutting-edge products and innovative solutions across the aluminum industry chain. During the exhibition, a total of six themed forums and 269 supply-demand procurement matchmaking sessions were held, drawing more than 20,000 professional visitors. The 4th Central China (Zhengzhou) International Aluminum Industry Exhibition 2027 (hereinafter referred to as the “Zhengzhou Aluminum Industry Exhibition”) will continue to adhere to the principle of “serving the industry, promoting exchange, and driving transformation” and will be grandly held from October 15 to 17, 2027 at the Zhengzhou International Convention and Exhibition Center. With the theme “Lightweight Intelligent Manufacturing, Green Future — Linking the New Aluminum Journey,” this edition will comprehensively upgrade its content and operation model, focusing on new materials, new equipment, new intelligent manufacturing, and new applications. It will build a three-in-one exhibition system of “premium brand for high-end aluminum applications + full-chain ecological closed loop + distinctive application scenarios,” supplemented by multiple targeted supply-demand networking sessions and high-end seminars to effectively ensure exhibition effectiveness and business conversion. We sincerely invite aluminum processing enterprises, equipment manufacturers, downstream application enterprises, scientific research institutions, and related service providers from China and overseas to gather in Zhengzhou and share new opportunities in the aluminum industry development. II. Organizational Structure Proposed Guidance: China Nonferrous Metals Industry Association (CNIA) Organizer: Henan Nonferrous Metals Industry Association Co-organizer: Henan Xiangyu Exhibition Service Co., Ltd. Henan Dianji Enterprise Management Consulting Co., Ltd. III. Exhibition Content and Innovation Aspects Will Be Comprehensively Upgraded Feature 1: Focusing on New Materials and Lightweighting to Build a “Premium Brand for High-End Aluminum Applications” An “Aluminum Deep Processing Boutique Pavilion” will be set up to deeply interpret the high value-added characteristics of aluminum semis. The exhibition area will systematically present high-end deep-processed products such as NEV aluminum, battery foil, and aluminum for 3C electronics, comprehensively driving the aluminum processing industry to leap from traditional building materials and packaging sectors toward high-tech, high-value-added directions, and highlighting the brand value of aluminum semis in high-end application fields. Feature 2: Building a “Full-Chain Ecological Closed-Loop Zone” to Panoramically Display the Life Cycle of the Aluminum Industry from Mine to Recycling A “Full-Chain Ecological Closed-Loop Zone” will be set up, taking the three dimensions of upstream resource security, secondary aluminum recycling and utilization, and comprehensive recovery of renewable resources as the main line, systematically showcasing the completeness and synergy of the aluminum industry ecosystem and highlighting the green, low-carbon, and recyclable development concept. Upstream aluminum ore enterprises from China and overseas will be invited to hold an aluminum ingot raw material supply-demand networking session. Feature 3: Curating an “Aluminum + NEVs and Robots” Distinctive Application Scenario Exhibition Area Focusing on the two innovative application hotspots of NEVs and robots, it will centrally showcase innovative solutions and typical application results of high-end aluminum plate/sheet, strip and foil in these fields, helping exhibitors accurately meet the demands of emerging industries and expand high-growth market space. IV. Exhibition Content This edition will adopt a “5+1” theme matrix, breaking away from the traditional single raw material zoning model, and set up the following six exhibition zones: (I) Premium Brand Showcase Zone for High-End Aluminum Applications 1. Automotive lightweight aluminum: doors, engine hoods, battery trays, wheel hubs, etc. 2. High-end aluminum foil series: battery foil, double zero foil, PV/semiconductor high-purity aluminum foil, electronic aluminum foil, pharmaceutical packaging foil. 3. Aluminum for aerospace and high-end equipment: ceramic aluminum new materials, mirror aluminum, aviation-grade aluminum plate. 4. Aluminum for 3C electronics and rail transit (mobile phone middle frames, high-speed rail carriage profiles, etc.) (II) Green, Low-Carbon and Secondary Aluminum Zone (Policy Hotspot Zone) 1. Aluminum scrap closed-loop recycling pre-treatment line: high-precision eddy current separators, X-ray sorting systems, integrated crushing and impurity removal equipment 2. High-efficiency regeneration melting and casting equipment: new-type double chamber furnaces, side-well reverberatory furnaces, regenerative combustion systems 3. Environmental protection dust removal systems: baghouse filters, SCR denitrification devices, and dioxin suppression technology 4. “Urban Mine” themed demonstration area: centralized display of secondary aluminum industrial parks (III) Smart Factory and Digital Transformation Zone (Future Trend Zone) 1. Industrial robots (palletizing, welding), intelligent stereoscopic warehouses 2. MES systems, AI quality inspection equipment, digital twin factory solutions (IV) High-End Manufacturing Equipment Zone Melting and casting equipment, extrusion/rolling equipment, surface treatment equipment (anodized, spraying), heat treatment equipment, testing instruments, auxiliary materials, etc. (V) Service and Support Zone Industrial park displays, logistics solutions, nonferrous metals futures / supply chain finance, university scientific research achievements transformation (VI) Aluminum + Distinctive Application Scenario Exhibition Zone (Immersive Experience) 1. NEV, battery parts, robots, and other innovative application displays 2. On-site touch and experience the actual application of aluminum semis in high-end fields V. Concurrent Events During the exhibition, multiple high-standard forums and networking events will be held to help enterprises broaden their horizons and connect with resources: 1. 2027 Central China International Aluminum Processing Innovation and Development Conference 2. 2027 Central China NEV and Robot Innovation Application Development Forum 3. 2027 Central China Aluminum Extrusion Industry Upstream-Downstream Cooperation Summit Forum 4. Aluminum Industry Intelligent Transformation and Digitalization Supply-Demand Networking Session 5. 2027 Secondary Aluminum Industry Chain Development Forum 6. The 2nd Futures-Physical Integration Forum to Boost High-Quality Development of the Aluminum Industry 7. The 1st “Central China Aluminum Valley” Cup – Aluminum Extrusion / Melting and Casting Technical Competition / Simulation Contest (Innovative Event) VI. Comprehensive Promotion to Precisely Invite Visitors (I) Industry media will periodically publish exhibition information: World Aluminum Network, Aluminum Plus Network, Aluminum Road Network, Henan Nonferrous Metals Network, China Nonferrous Metals, Nonferrous Metals Processing, China Nonferrous Metals Industry Technical Service Platform. (II) Online media continuous promotion: publicity and promotion on People’s Daily Online, Baidu, Sina, Toutiao, Douyin, WeChat, etc. (III) Precise database activation: integrating 300,000+ industry data, classified into A/B/C three levels, with one-on-one phone invitations for Category A covering core decision-makers to improve conversion rates. (IV) Embedding into downstream industry conferences: Automotive Engineering Annual Conference, New Energy Battery Lightweighting Seminar, Home Appliance Technology Conference, etc., with on-site delegation for invitations to reach end-use industry procurement and engineers. (V) Targeted invitations to industrial parks: in-depth visits to industry demonstration bases and aluminum material application industry clusters for “one-on-one” visits and distribution of invitation letters. (VI) Key invitations to VIP buyers: sending formal invitation letters to complete vehicles, parts, robot enterprise factories, aerospace enterprises, beer & beverage, packaging, construction, and large dealers, focusing on buyers’ core requirements, providing VIP channels and other value-added services to ensure effective matchmaking at on-site procurement meetings. (VII) Exhibitor customer invitation incentives: exclusive electronic invitation letters, VIP treatment for attending clients, recognition and next-edition discounts for exhibitors, encouraging exhibitors to actively invite customers and expand visitor scale. (VIII) Organization of group professional buyers: cooperating with industry associations and industrial park management committees in Henan and surrounding provinces to organize delegations of aluminum processing enterprises and downstream user enterprises to visit. Free bus transportation will be arranged for industrial parks or units organizing visiting delegations of over 30 people. (IX) Overseas investment attraction based on the Belt and Road Initiative, focusing on inviting aluminum semis purchasers from Central Asia and Southeast Asia as well as internationally renowned equipment manufacturers. Welcome to inquire at 13903820977 (same as WeChat)

[SMM Analysis: Has the Supply-Demand Inflection Point Emerged? PV Glass Sector Sees Collective Surge] Recently, shares of PV glass listed companies in the A-share and Hong Kong stock markets rose, and the sector staged a notable rebound. Against the backdrop of continued pressure on the entire PV industry chain, PV glass became the first link in the industry chain to recover. The rally was driven by a confluence of factors including shrinking supply fundamentals and recovering demand expectations.

High ore costs, tight spot availability and weak stainless demand pin China's benchmark NPI index inside a RMB 7/nickel-point range in July, before an Indonesian policy jolt lifts it to a monthly high of RMB 1,129.5.

As China’s unified national electricity market accelerates its formation and new energy fully enters the market, the industry’s profit logic has shifted from “policy-backed guarantees” to a “market tug-of-war,” with the core of competition moving from scale expansion to value creation. Against this backdrop, the value framework of the PV+ESS industry is being restructured: installed capacity is no longer the sole benchmark. What truly matters is — how many integration challenges has the technology solved for the power system? How much quantifiable value have the solutions created for users? And how many life cycle benefits have the services delivered for power station assets? Facing this restructuring, industry chain enterprises urgently need to find direction in cost reduction and efficiency gains, mine value in diverse application scenarios, and realize revenue in electricity trading. This conference gathers core forces from government, industry, research, academia, and capital to conduct in-depth discussions on key topics such as high-efficiency modules, grid-forming ESS, virtual power plants, and asset operations. Through a dedicated supply-demand matchmaking session, it promotes the efficient alignment of cutting-edge technologies with project needs, helping enterprises seize the initiative and win the future amid transformation. Guangdong Odia Electronics Co., Ltd. cordially invites you to gather at this pinnacle industry event. Let us join hands to create a bright future for the PV industry and embrace the dawn of a new era. Click now on theto easily complete your attendance registration, witness and participate in this extraordinary and far-reaching industry event, and co-create a brilliant new chapter! Odia Electronics is a supplier of waterproof connectors and cabling system solutions. Its products are widely used in new energy PV, energy storage, electric power, security, industrial automation, 5G base stations, AI servers, and other fields. The company is ISO9001/14001/45001 certified and has successfully developed over 2,000 waterproof connector and wire harness products for new energy and PV applications. Its PV and energy storage connector products are compatible with the interfaces of all mainstream new energy inverter and energy storage manufacturers in China. The company holds nearly 50 product patents, is a strategic partner to many publicly listed firms in China’s new energy industry with rich sector experience, and is currently the manufacturer with the most extensive product line in the domestic “Sike” PV grid connection niche segment, possessing certain first-mover advantages. It owns the “Odia” brand trademark and has gradually achieved brand-driven, high-quality development. Main Products Long press or scan to register now

The average warrant price on August 4 fell $1/mt from the previous trading day to $110/mt (price range: $106-114/mt); the average B/L price dropped $1/mt to $105/mt (price range: $100-110/mt); and the average price for EQ copper (CIF B/L) declined $1/mt to $71/mt (price range: $67-75/mt), with quotations referencing cargoes arriving in August. The SHFE/LME price ratio for nearby contracts remained in inverted territory while the backwardation structure continued to widen. Market offers increased, with some suppliers slightly lowering their quotations under pressure. However, the overall supply-demand weakness persisted, and buyers and sellers remained locked in a standoff. EQ copper arriving in early August was reportedly quoted at $68-70/mt, registered B/L for August arrival traded at $113/mt with mainstream quotations at $110-120/mt, and registered warrants traded around $110/mt.

Recently, the list of typical smart PV cases of the MIIT was publicized. Two projects in Wuhu City, Zhongding Zineng and Kaisheng Huiteng, were successfully selected, accounting for half of the total selected projects in the province. In recent years, the city’s MIIT has focused on improving the quality and development of the PV industry, solidly carried out policy presentations and supply-demand matchmaking, conducted in-depth investigations into enterprises to map out project construction, and guided enterprises to optimize capacity layout through industry-specific seminars. It has vigorously cultivated outstanding market entities, guided enterprises to advance the compliance review of the PV industry, established a cultivation pool for key enterprises, and nurtured and expanded a number of national-level green factories, smart factories, and specialized and sophisticated enterprises. It has continuously deepened regular enterprise services, dynamically monitored production and sales operations, implemented a leadership contact linkage mechanism, coordinated to resolve development bottlenecks with customized solutions for each enterprise, and accelerated the construction of key projects such as cylindrical batteries and low-altitude battery cells. Moving forward, the city’s MIIT will leverage the demonstrative effect of national-level typical cases, continue to cultivate high-quality smart PV projects, promote advanced application models, expand the application of PV in industrial manufacturing, public buildings, and other fields, and empower the high-quality development of the city’s industrial economy.

SMM Nickel News, August 4: Macro and Market News: (1) The US and Iran give conflicting accounts of negotiations: Trump insists talks with Iran are underway, divided into two phases—separate discussions on the Strait of Hormuz reopening and denuclearization—and claims the strait will reopen by August 4 at the latest; Iran denies talks with the US, stating it is only advancing related negotiations with Oman. (2) US Fed's Williams: Optimistic that inflationary pressures will gradually ease. The Fed will act to achieve price stability if inflation does not return to the 2% path as expected. Spot Market: On August 4, the average price of SMM #1 refined nickel was 133,400 yuan/mt, up 2,000 yuan/mt from the previous trading day. In terms of spot premiums, the average for Jinchuan #1 refined nickel was 1,150 yuan/mt, flat from the previous trading day, and the range for mainstream domestic brands of electrodeposited nickel was -300 to 400 yuan/mt. Futures Market: The most-traded SHFE nickel contract (2609) surged in early trading, closing the morning session at 132,650 yuan/mt, up 1.55%. Nickel prices rallied sharply today, driven by market rumors of quota tightening as the period enters a critical phase for approving Indonesia's supplementary RKAB nickel ore quotas. Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, stated on August 3 that the government will implement a "measured relaxation" of the RKAB, with additional quotas expected to be released gradually while maintaining the market supply-demand balance. The most-traded SHFE nickel contract is expected to trade in the 128,000-135,000 yuan/mt range in the near term.