Silicon Metal Social Inventory Rose Palpably amid Concentrated Arrivals

SHANGHAI, Jul 18 (SMM) – SMM China silicon metal social inventory across the three major markets totalled 99,000 mt as of last Friday July 15, up 11,000 mt from a week ago. The inventory in Kunming rose the most as silicon metal factories in Yunnan maintained high operating rates in the rainy season, and some factories moved the in-plant stocks to social warehouses in Kunming. The inventory at Tianjin port and Huangpu port rose slightly with slow flows of cargoes arriving at or leaving the ports, while slightly more cargos arrived. But some factories were reluctant to sell, hence market transactions were sluggish. It is expected that the social inventory will keep rising this week.