China to open auto battery market to foreign suppliers

Berita SMM, 21 Mei: Sejak pertengahan Maret, pasar tungsten China telah mengakhiri reli tajam selama setahun dan memasuki fase koreksi di level tinggi dengan harga yang cenderung menurun secara stabil. Sentimen pasar telah bergeser dari euforia menjadi kehati-hatian, dengan penyesuaian penawaran-permintaan secara berkala dan memudarnya sentimen pasar menjadi pendorong utama pergerakan harga.

[Produksi Mingguan Magnesium dan Tingkat Operasi Stabil, Tren Persediaan Berbeda] Dari 15 Mei hingga 21 Mei, produksi mingguan di pabrik magnesium sampel secara nasional mencapai 23.576 ton, dengan tingkat operasi mingguan sebesar 77,4%, pada dasarnya stabil secara mingguan.

[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...