Inventory Buildup in North China and Destocking in South China; Social Inventory of Silicon Metal Decreases [SMM Silicon Inventory]

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SMM, January 10: According to SMM statistics, as of January 10, the national social inventory of silicon metal totaled 536,000 mt, down 3,000 mt WoW. Among them, social general warehouses held 152,000 mt, down 5,000 mt WoW, while social delivery warehouses held 384,000 mt (including unregistered warehouse warrants and spot cargo), up 2,000 mt WoW. This week, social warehouses for silicon metal showed destocking, mainly driven by pre-holiday stockpiling from domestic and overseas downstream sectors. Recently, demand for low-calcium materials has been moderate, coupled with overseas order shipments, leading to moderate destocking in Kunming and Huangpu Port. In Tianjin, goods from north-west China continued to arrive, resulting in inventory buildup. Overall, the total social inventory showed a slight destocking trend.