Silicon Metal Social Inventory Rose 3,000 mt on Week

SHANGHAI, Oct 22 (SMM) – The social inventory of silicon metal across Huangpu port, Kunming city and Tianjin port increased 3,000 mt from the previous week to 61,000 mt as of Friday October 22.

The arrivals at the social warehouses in Kunming increased sharply this week, as the silicon plants held back cargoes near the dry season, and the transaction was thin amid the falling silicon prices. The arrivals and deliveries at Huangpu Port remained higher than that of Tianjin Port, and the arrival volume was lower than the delivery volume, so the inventory at Huangpu Port declined. The social inventory of silicon is expected to increase further next week.