Silicon social inventories barely changed on week

SHANGHAI, Jul 3 (SMM) – Social inventories of silicon metal in China were barely changed this week, with SMM data showing that stocks across Huangpu port, Kunming city and Tianjin port stood at 46,000 mt as of Friday July 3, flat from the level seen on June 24, the last trading day before the Dragon Boat Festival.

Stocks at port warehouses held stable in muted trades, as most of the deliveries were for long-term contracts while traders did not stockpile.

Meanwhile, stocks in Kunming were unchanged as losses at small warehouses after some plants stepped up sales were offset by increases at large warehouses. Silicon metal inventories at social warehouses in Kunming are likely to begin to climb next week.