So today I got a bunch of 18650 batteries. When I unpacked them, the voltage on each of them was 3.5V.
Since I want to charge them to 4.1V - 4.2V, and I don't have a dedicated battery charger, I'm using my bench power supply for the trick. I've read the theory, set up my power supply to CV 4.2V and CC 0.6A
When I connect the battery to the supply, at 4.2V the battery is draining only 400mA.
I was hoping it will hit the CC immediately, instead now that the battery voltage is 3.7V it's draining only 0.300mA.
I suggest that the OP go read about charging Li and about the required charging sequence. I suggest putting a stop to using a power supply to charge a Li.
When I connect the battery to the supply, at 4.2V the battery is draining only 400mA.
I've used my power supply to charge my 18650's quite often. You have to be sure the power supply displays are accurate.
In the above quote I will assume when you say "draining" you mean "charging"
My guess is your power supply settings are not correct. It should be set a:
Short Powersupply(PS) output, adjust current limit to 800 ma (1a is OK but 800 is better for the battery)
Remove the short and set the voltage to 4.1 to 4.2V Don't believe the meters on the PS.
Now when the battery voltage is < 4.2 the current will be at some number. When the battery reaches 4.1 - 4.2 the current will drop to a very low number (may or may not be exactly 0).