SHANGHAI, Jun 5 (SMM) – Social inventories of silicon metal in China shrank slightly this week amid a continuous slide in stocks at ports. Most traders focused on depleting their stockpiles and only purchased limitedly due to sluggish orders.
SMM data showed that the stocks of silicon metal across Huangpu port, Kunming city and Tianjin port stood at 47,000 mt as of June 5, down 1,000 mt from a week ago.
With the arrival of the rainy season, silicon plants in Yunnan and Sichuan have reopened their capacity and will start to generate output next week. A rally in social inventories of silicon metal is expected in late-June since it still requires some time for the plants to reach steady shipments and deliver cargoes to ports.
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