Social Inventory of Silicon Metal Increased This Week and may Further Increase Next Week

SHANGHAI, Sep 30 (SMM) - According to SMM statistics, as of September 30, the social inventory of silicon metal in Huangpu port, Kunming, and Tianjin port totalled 120,000 mt, an increase of 1,000 mt on the week. The inventory in Tianjin port and Huangpu port remained stable last week. Recently, several confirmed COVID cases were found in Tianjin. The shipment of Tianjin port was normal but the changes in warehouses in Tianjin diverged. Due to the pandemic, the automobile transportation capacity in Yunnan was insufficient, hence social inventory increased slightly last week.

Amid the approaching National Day holiday, the market transactions slows down. It is expected that the social inventory of silicon metal will continue to increase next week.