SHANGHAI, Jun. 3 (SMM) – Silicon metal stocks at Huangpu Port were 11,000 mt by May 31, with 4,000 mt at Hongkai warehouse, 3,000 mt at Yuehua warehouse, 3,000 mt at Wanxiong warehouse, and wharf inventories at 1,000 mt. In Yunnan, stocks at Guichu Logistics were 3,500 mt, while those at Honggui were 3,500 mt, leaving total inventories in Kunming at around 7,000 mt.
Some aluminum alloy producers purchased silicon metal normally last week, but many had no procurement plan due to bearish outlook. Trichlorosilane market saw improvement due to rising consumption downstream, encouraging some producers to resume production. The initial ruling for China’s anti-dumping and anti-subsidy investigation into polysilicon from the EU, US and South Korea will be released in a week, and industry insiders believe polysilicon prices will be driven up. Thus, many polysilicon producers restarted operation recently.
As the electricity prices in Yunnan province will be gradually lowered this week, tightness in silicon metal supply is expected to be eased in mid-June, and prices for low-grade silicon metal take the lead to fall.