Silicon social inventories rose 3,000 mt on week amid traders restocking

SHANGHAI, Jul 10 (SMM) – Social inventories of silicon metal in China edged higher this week as active restocking by traders triggered the shipments from silicon plants to social warehouses.

SMM data showed that stocks across Huangpu port, Kunming city and Tianjin port stood at 49,000 mt as of Friday July 10, 3,000 mt higher from a week ago. The inventory turnover at the two ports and in Kunming markedly increased this week. 

Transactions were brisker in southern Chinese market amid sufficient supplies. Inventories at Huangpu port and in Kunming have shown upward trends. There remained large amount of cargoes en route in north China and the stocks in the north are expected to edge up next week.