Tianjin Inventory Buildup, Xinjiang Destocking; Social Inventory of Silicon Metal Increased Slightly [SMM Silicon Inventory]

》View SMM Silicon Product Prices

》Subscribe to View Historical Price Trends of SMM Metal Spot

》Click to View SMM Metal Industry Chain Database

SMM, January 3: According to SMM statistics, as of January 3, the national social inventory of silicon metal totaled 539,000 mt, up 1,000 mt WoW. Among them, social general warehouses held 157,000 mt, up 2,000 mt WoW, while social delivery warehouses held 382,000 mt (including unregistered warehouse warrants and spot cargo), down 1,000 mt WoW. This week, inventory changes were significant in Xinjiang and Tianjin regions. In Tianjin, inventory increased due to higher arrivals and moderate shipments, while in Xinjiang, inventory decreased as delivery warehouses saw good spot cargo outflows. On Friday, the SI2502 silicon futures contract hit a low below 10,800 yuan/mt. Coupled with the release of some orders from downstream users such as polysilicon, transactions in both futures and spot markets improved. In the short term, the social warehouse inventory of silicon metal is expected to see a slight destocking.