Silicon social stock rose 1,000 mt on week

SHANGHAI, Jul 31 (SMM) – Silicon metal inventories in China continued to rise this week, albeit by a slower pace as seasonal gains in south China’s Kunming were offset by losses in the north caused by the shutdown of a major plant in Xinjiang and logistical disruptions amid a flare-up in coronavirus infections there.

SMM data showed that social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port increased 1,000 mt in the week ended July 31 to 53,000 mt, smaller than a 3,000 mt rise in the previous week.

Stocks at the port of Huangpu were little changed this week, as arrivals at and deliveries from the warehouses there both increased amid concentrated shipments at the end of the month.