SMM

SMM statistics showed that as of September 27, the national social inventory of silicon metal totaled 479,000 mt, down 3,000 mt WoW. Among them, social general warehouses held 137,000 mt, up 2,000 mt WoW, while social delivery warehouses held 342,000 mt (including parts not registered as warehouse warrants), down 5,000 mt WoW. This week, spot outflows from some delivery warehouses in regions like Tianjin Port and Kunming were smooth, while the inflow and outflow of futures warehouses were mediocre, leading to a decrease in silicon metal delivery warehouse inventory this week. In general warehouses, some warehouses in Tianjin Port and Guangzhou received more goods during the week, resulting in an overall inventory build-up. Some warehouses reported goods in transit, and it is expected that next week the social inventory of silicon metal will show an increase.