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On May 17th, Hongqiao Holdings stated at its earnings conference on May 15th that, according to publicly available industry data, aluminum rod inventory has been continuously decreasing since mid-March 2026. This year, due to factors such as the later Spring Festival, the delayed off-season, and the impact of high aluminum prices on downstream restocking, the destocking pace of aluminum ingots has been relatively slow. However, recently, there have been signs of a marginal decline in electrolytic aluminum social inventory. The destocking trend still needs to be continuously observed in conjunction with subsequent downstream production, spot transactions, and delivery status. The relatively high level of aluminum ingot social inventory this year is mainly likely related to the following factors: First, the recovery of demand after the Spring Festival was somewhat delayed, leading to relatively cautious downstream delivery and restocking; second, the relatively high aluminum prices have had a certain impact on downstream procurement, resulting in a temporary accumulation of inventory in the upstream and distribution links; third, the inventory performance of different product forms varies, with the destocking pace of aluminum rods, aluminum ingots, and processed materials not being entirely consistent. Overall, with the continued release of downstream demand, there are signs of marginal improvement in aluminum ingot social inventory, but the specific timing and extent of destocking still depend on market supply and demand, price levels, and delivery schedules.According to NBC News, Republicans Lighthizer and Fleming are expected to advance to the second round of the Louisiana U.S. Senate primary.On May 17, Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, issued important instructions on promoting the high-quality development of philosophy and social sciences. He pointed out that since the 18th CPC National Congress, the philosophy and social sciences front has earnestly implemented the decisions and plans of the CPC Central Committee, adhered to the principle of "combining theory with practice," and solidly promoted knowledge innovation, theoretical innovation, and methodological innovation, producing a number of valuable research results that have effectively served the overall work of the Party and the country. Xi Jinping emphasized that on the new journey, we must be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, uphold and strengthen the Partys overall leadership, deepen the systematic research and interpretation of the Partys innovative theories, accelerate the construction of an independent knowledge system for Chinese philosophy and social sciences, better answer the questions posed by China, the world, the people, and the times, strive to create a new situation of high-quality development in philosophy and social sciences, and contribute more wisdom and strength to Chinas modernization.Democrats say a Senate official has removed funding for Trump’s White House banquet hall project from the Republican spending package.May 17 - According to Yonhap News Agency, South Korean Prime Minister Kim Min-seok said on Sunday that he will seek all possible solutions, including emergency arbitration, to avoid a strike at Samsung Electronics and urged the company and union to reach a compromise in wage negotiations.