Silicon social inventories rose to 77,000 mt this week

SHANGHAI, Oct 9 (SMM) – Social inventories of silicon metal in China increased this week, with stocks at Huangpu port rising sharply.

SMM data showed that stocks across Huangpu port, Kunming city and Tianjin port expanded 4,000 mt from pre-holiday levels to 77,000 mt as of Friday October 9.

Stocks at Huangpu port rose sharply with concentrated arrivals of cargoes, while fewer trades during the National Day holidays also led to an increase in inventories in Kunming.

Stocks at Tianjin port are expected to increase in late October as large-scale silicon plants in Xinjiang stepped up production.