Silicon social inventories fell sharply pre-holiday

Published: Jan 10, 2020 20:35

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Traders accelerated shipments from social warehouses before the Chinese New Year holiday

SHANGHAI, Jan 10 (SMM) – Inventories of silicon metal across Huangpu port, Kunming city and Tianjin port lost a sharp 13,000 mt in the week ended January 10 to stand at 78,000 mt, with the year-on-year decline widening to 33.3%, showed SMM data.

Traders accelerated shipments from social warehouses before the Chinese New Year holiday. Greater outbound delivery and smaller arrivals significantly reduced social inventories in Kunming and Huangpu from a week ago.

SMM expects social stocks of silicon metal to remain in a downtrend next week, but does not see a further steep decline in inventories at ports as limited export shipping space will deter delivery.

Inventory data Silicon

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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