Silicon social inventories fell sharply pre-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.