Silicon social inventories decline slower

SHANGHAI, Mar 29 (SMM) – Inventories of silicon metal across warehouses in Huangpu port, Kunming and Tianjin port fell 2,000 mt to stand at 76,000 mt in the week ended March 29, compared to a decline of 5,000 mt in the previous week, SMM data showed.

Traders scaled back procurement from producers, reducing shipments to social warehouses and resulting in lower social inventories.

Cargo inflows and outflows across warehouses at ports declined from the same period last year.