Social Inventory of Silicon Metal Increases as the Transportation is Blocked amid the Pandemic

SHANGHAI, Nov 25 (SMM) – The social inventory of silicon metal across Huangpu port, Kunming city and Tianjin port increased 2,000 mt from the previous week to 117,000 mt as of November 25. The overall social inventory in Kunming city was relatively high, and increased slightly compared with last week. The shipment flow of Tianjin port was extremely light and the inventory remained stable. Affected by the pandemic, the transportation was blocked, hence the inventory of Huangpu port dropped slightly this week. Meanwhile, the market transactions were this. However, as the silicon prices decline and the costs in Sichuan and Yunnan rise, the market sentiment may improve.