Silicon Metal Inventory Expanded 20,000 mt on Week

Published: Nov 12, 2021 17:32

Save

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.

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.

silicon metal

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

58 mins ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

58 mins ago

1 hour ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

1 hour ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

1 hour ago