Silicon inventories at ports rose on greater arrivals amid transportation recovery

Published: Feb 28, 2020 12:09 (GMT+8)

Save

Overall inventories of silicon metal remained in a downward trend as of February 28, but inventory at ports increased as the resumption of motor traffic in south China accelerated the shipments of...

SHANGHAI, Feb 28 (SMM) – Inventories of silicon metal across Huangpu port, Kunming city and Tianjin port extended their decline this week, falling 2,000 mt from a week ago to 54,000 mt as of Friday February 28, showed SMM data.

Silicon inventory at ports, however, increased as the resumption of motor traffic in south China accelerated the shipments of cargoes from silicon plants and social warehouses in major production areas to Huangpu port. Stocks in Kunming were lower this week, while inventories at Tianjin port edged higher on the back of greater arrivals than deliveries.

Overall inventories of silicon metal remained in a downward trend as of February 28.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 mins ago

Pre-holiday stockpiling demand combined with cost support from holders drives silicon metal prices to stabilize and rebound [SMM Silicon Industry Weekly Review]

[Pre-holiday stockpiling demand and supplier cost support stabilize and rebound silicon metal prices]: This week, spot and futures prices of silicon metal stabilized and rebounded. As of September 24, SMM oxygen-blown #553 silicon in east China was at 9,400-9,500 yuan/mt, up 100 yuan/mt WoW, and #441 silicon was at 9,500-9,600 yuan/mt, up 50 yuan/mt WoW. In the futures market, the SI2611 contract stabilized and rebounded during the week, initially pulling back to around 8,410 yuan/mt early in the week before stabilizing. Mid-week, pre-holiday downstream restocking demand and cost support boosted sentiment, driving a consolidating rebound. It closed at 8,530 yuan/mt on Thursday afternoon, up 85 yuan/mt WoW. In terms of market quotes and transactions, with the two holidays approaching, downstream pre-holiday restocking and export demand increased. Coupled with rising freight costs, spot-futures price spread quotes in Tianjin and east China were pushed higher. Some silicon suppliers raised quotes slightly WoW, and silicon enterprises' sentiment to hold prices firm recovered from earlier levels. Low-priced supply in the market tightened WoW, trading activity recovered, and the price center stabilized and rebounded.

19 mins ago

22 mins ago

【SMM Analysis】Steel Tender Price Falls, Market Expectations Weaken

22 mins ago

47 mins ago

Silicone Market Sees Ongoing Tug-of-War Between Sellers and Buyers, Pre-Holiday Actual Transactions Remain Weak [SMM Silicone Weekly Review]

[SMM Silicone Weekly Review: Silicone Market Sees Continued Supply-Demand Tug-of-War, Pre-Holiday Actual Transactions Remain Weak] This week, China's silicone DMC market transactions edged lower, with an average price of 14,600 yuan/mt. During the week, after one monomer producer lowered its DMC offer to 14,500 yuan/mt, other monomer producers maintained their previous offers, showing strong willingness to hold prices firm ahead of the holiday. On the raw material side, east China 421# silicon metal (for silicone use) remained firm, and this week's imported methanol prices rose, providing some support for silicone DMC prices. Overall, the market remained in a stalemate, with monomer producers showing strong willingness to hold prices firm before the holiday, while demand was mainly driven by restocking for rigid needs, and actual pre-holiday transactions were weak. In the short term, silicone prices will remain in the doldrums, with attention needed on whether monomer producers adjust prices in the three days after the Mid-Autumn Festival and on changes in downstream stocking pace.

47 mins ago