Silicon Metal Social Inventory Increased by 5,000 mt on Week

SHANGHAI, Mar 4 (SMM) – The social inventory of silicon metal across Huangpu port, Kunming city and Tianjin port increased 5,000 mt from the previous week to 87,000 mt as of Friday March 4.

The social inventory in south and north China increased simultaneously. The stocks at Tianjin port rose by 3,000 mt on the week, as some domestic traders sent their goods to Tianjin for the more convenient supply to downstream users in north China. The total social inventory of silicon metal was nearly 40% higher YoY, mainly due to the raised operating rates of silicon plants. The days of inventory were basically flat on the year at around 11 days.