On January 21, 2026, the main SHFE Nickel 2602 contract closed up 550 CNY/ton at 143,060 CNY/ton, with a gain of 0.39%.

Titanium products can be subdivided into bars, plates, wires, pipes, forgings, castings and other categories according to their forms. Based on the properties of products in different forms, they are applied in various fields. Among them, bars feature high strength and good corrosion resistance; plates have excellent corrosion resistance; wires boast good thermal properties, non-toxicity and non-magnetism; pipes are characterized by light weight, high strength and extremely good corrosion resistance. The above-mentioned titanium products of different forms are all applied in fields such as aerospace. Classification of Titanium Materials

In December, the market entered the traditional off-season, with seamless steel pipe prices continuing a moderate downward trend. From a fundamental perspective, supply shifted from growth to decline while demand continued to weaken, resulting in underwhelming market transactions. Manufacturers' profit margins contracted, putting pipe mills in a challenging operational position. Overall, December witnessed a pattern of both weak supply and demand, leading to a generally soft price trend. Looking ahead to January 2026, this report summarizes the December fundamentals and provides a price forecast for the coming month.