[SMM Magnesium Express] At the recent Turkmen-Chinese business forum in Ashgabat, China's Shaanxi Yulin Energy Group proposed establishing a magnesium alloy production project in Turkmenistan. The project aims to combine Turkmenistan's raw material base with the company's technological expertise to create new production capacity and expand bilateral cooperation in resource processing and industrial development.

A Chinese energy and chemical firm plans to build a magnesium alloy project in Turkmenistan, leveraging local resources and Chinese technology. Meanwhile, Brazil sharply raised anti-dumping duties on Chinese magnesium ingots to $4.07/kg, effectively closing direct export channels.

[SMM Magnesium Survey: Chinese Magnesium Industry Expands into Turkmenistan, Brazil's Tariff Hike Blocks Exports to Brazil] A Chinese energy and chemical enterprise planned to build a magnesium alloy project in Turkmenistan, combining local raw materials with Chinese technology. Brazil significantly raised the anti-dumping duty on magnesium ingots from China to $4.07/kg, effectively closing the direct export channel.

[Announcement on Ansteel and Bensteel Group's Adjustments to Domestic Futures Selling Prices of Sheets & Plates for June 2026] Ansteel's product pricing policy for June 2026, adjusted based on the "Product Pricing Policy for May 2026," is as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 100 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: raised by 100 yuan/mt. Automotive steel raised by 100 yuan/mt. Additionally: Anshen high-strength wire 590MPa, 780MPa, 980MPa, and 1180MPa grades raised by 100 yuan/mt. 4. Cold-hardened: raised by 100 yuan/mt. 5. Galvanizing: raised by 100 yuan/mt. 6. Non-oriented silicon steel: raised by 100 yuan/mt. 7. Color-coated: raised by 50 yuan/mt. 8. Medium-thickness plates: raised by 100 yuan/mt. 9. Wire rod: raised by 100 yuan/mt. 10. Rebar: raised by 100 yuan/mt. 11. Alloy surcharge: refer to the price list for details. Ansteel Co., Ltd. Marketing Center May 12, 2026 Bensteel Group's product pricing policy for June 2026, adjusted based on the "Product Pricing Policy for May 2026," is as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 100 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: raised by 100 yuan/mt. Automotive steel raised by 100 yuan/mt. 4. Cold-hardened: raised by 100 yuan/mt. 5. Galvanizing: raised by 100 yuan/mt. 6. Electrogalvanization: raised by 100 yuan/mt. 7. Non-oriented silicon steel: raised by 100 yuan/mt. 8. Wire rod: raised by 100 yuan/mt. 9. Rebar: raised by 100 yuan/mt. 10. Special steel: raised by 100 yuan/mt. 11. Alloy surcharge: refer to the price list for details. Bensteel Sheets & Plates Marketing Center, Beiying Business Center May 12, 2026

[Macro Policy and Tug-of-War Between Sellers and Buyers: Aluminum Prices Move Sideways] The risk of supply disruptions to aluminum outside China has not yet subsided, and there remains a supply gap in ex-China aluminum, with the strong LME market transmitting to China and providing support for aluminum prices. However, the continuation of inventory buildup exceeding expectations in China will weigh on domestic aluminum prices. Meanwhile, tightened invoicing regulations may lead to structural tightness in spot cargo, and the weakening spot market further limits the upside room for domestic aluminum prices. Close attention should be paid to the potential turning point in China's social inventory, which could drive a rebound and rise in aluminum prices.

[SMM Cast Aluminum Alloy Morning Comment: Tightening Supply Sources Combined with Pullback in Imports, Tight Aluminum Scrap Circulation Underpins Prices] Aluminum alloy 2607 in the night session exhibited an overall trend of "retreat after rapid rise, hover at lows." From the intraday perspective...