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

SHANGHAI, Aug 7 (SMM) – Social inventories of silicon metal in China edged higher this week as active restocking by traders led to shipments from silicon plants to social warehouses.

SMM data showed that stocks across Huangpu port, Kunming city and Tianjin port stood at 56,000 mt as of Friday August 7, 3,000 mt higher from a week ago. The inventory turnover at Huangpu port and in Kunming increased this week. Stocks at Tianjin port were stable, most of which were shipped from Henan as coronavirus outbreak lowered shipments from Xinjiang.