China to open auto battery market to foreign suppliers

Noticias SMM, 21 de mayo: Desde mediados de marzo, el mercado chino del tungsteno ha puesto fin a un fuerte rally de un año de duración y ha entrado en una fase de corrección en niveles altos con precios en tendencia bajista gradual. El sentimiento del mercado ha pasado de la euforia a la cautela, y los ajustes periódicos de oferta y demanda junto con el debilitamiento del ánimo del mercado se han convertido en los principales motores de los movimientos de precios.

[La producción semanal de magnesio y la tasa de operación se mantienen estables, las tendencias de inventario divergen] Del 15 al 21 de mayo, la producción semanal en las plantas de magnesio muestreadas a nivel nacional fue de 23.576 t, con una tasa de operación semanal del 77,4%, básicamente estable en comparación con la semana anterior.

[SMM Analysis] Demand Resilience Persists at Tail End of Peak Season, Stainless Steel Social Inventory Continues Destocking On May 21, SMM reported that stainless steel social inventory continued its mild destocking trend this week. Total inventory across the two core markets of Wuxi and Foshan pulled back slightly, dropping from 947,100 mt on May 14, 2026 to 939,200 mt on May 21, down 0.83% WoW, sustaining a mild destocking pattern. Stainless steel market prices were overall in the doldrums this week. Against the backdrop of declining prices, traders generally felt weak market conditions, and wait-and-see sentiment intensified. However, end-use demand demonstrated strong resilience. The market is still at the tail end of the traditional peak consumption season, and downstream end-user just-in-time procurement transactions remained generally stable, without concentrated purchasing halts due to weakening futures or subdued market sentiment, continuously supporting the digestion of market supplies. Meanwhile, steel mill agents proactively cut prices and actively pushed shipments, accelerating the depletion of circulating market supplies. Multiple factors jointly drove stainless steel social inventory to pull back slightly further this week. Overall, sustained release of end-user just-in-time procurement combined with proactive shipments from steel mills jointly dominated the mild destocking trend in inventory this week. Currently, stainless steel mills still maintain reasonable profit margins with strong production willingness, and overall production is expected to stay high, with sustained pressure on the market supply side. As the traditional peak consumption season gradually draws to a close, downstream consumption is about to enter the off-season, and subsequent demand pullback will exert notable pressure on continued inventory destocking. In the short term, inventory is expected to continue its mild destocking trend, but the degree of destocking will most likely slow down gradually. Going forward, close attention should be paid to the sustainability of downstream just-in-time procurement, steel mill production schedules and delivery pace, peak season...