Social Inventories of Silicon Metal may Remain High in the Short Term as the Wet Season Extended

SHANGHAI, Oct 21 (SMM) - Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port stood at 122,000 mt as of October 21, flat form last week. The arrival of goods at Tianjin port in north China experienced both decline and increase, but the overall inventory remained stable. Due to the pandemic in Xinjiang, the arrivals of goods were relatively small. The inventory of Huangpu port in south China increased while that of Kunming city declined. The market transactions in Kunming city were few this week, hence the inventory increased as the goods arrived. The operating rates of silicon factories in Sichuan and Yunnan were high as the wet season extended. In this scenario, the overall social inventory of silicon metal may remain high in the short term.