SMM, September 24: SMM statistics show that as of September 24, total social inventory of silicon metal in major regions stood at 458,000 mt, down 28,000 mt WoW. Affected by downstream stocking ahead of the dual holidays, domestic and export shipments were relatively active, with a notable increase in export shipment volumes from Tianjin port. (Note: Including warrants, excluding social inventory in Inner Mongolia, Gansu, Ningxia, and other regions.)

![Aluminum alloy futures prices weaken on position reduction, spot resilience remains, pre-holiday stockpiling still to be observed [ADC12 Price Daily Commentary]](https://imgqn.smm.cn/usercenter/CIcRv20251217171725.jpg)

