Silicon Metal Stocks Across China’s Three Major Markets Declined

SHANGHAI, May 19 (SMM) - Silicon metal stocks across China’s three major markets stood at 157,000 mt as of May 19, a drop of 3,000 mt from a week ago. This week, the price of silicon fell sharply, with a drop of more than 700 yuan/mt. Downstream buyers were more cautious about buying. Large silicon metal plants in north China cut offers sharply to promote sales.  Inventory in Kunming remained stable. Stocks at Tianjin Port and Huangpu Port fell due to improved sales. Cargo inflows and outflows at Tianjin Port returned to normal this week after sharp declines. Due to poor demand, the overall inventories remain high.