SHANGHAI, Nov 12 (SMM) – The social metal inventory of silicon metal across Huangpu port, Kunming city and Tianjin port increased 20,000 mt from the previous week to 89,000 mt as of Friday November 12.

The inventory at Tianjin Port increased as the shipments from silicon metal factories in Xinjian arrived. Huangpu Port saw palpable increase in inventory as the traders actively made shipments to the port as the scheduled delivery is approaching. The silicon metal factories in Yunnan maintained high operating rates, and the in-plant inventory kept being transported to Kunming.

It is worth noticing that the YoY growth of social inventory has changed from negative growth to positive readings for the first time since May, 2021. The inventory at ports may decline in the following week after the goods were shipped to overseas markets. But the inventory in Kunming is likely to rise.