Silicon social inventories shrank to 72,000 mt this week

SHANGHAI, Oct 30 (SMM) – Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port shrank 5,000 mt from the previous week to 72,000 mt as of Friday October 30. Inventories at Huangpu port and Kunming fell amid robust trades, while stocks at Tianjin port held stable.

Social inventories are likely to maintain their upward trends as producers in south-west China have yet to slash output. It was rising trading volume that led to the falls in inventories in the recent two weeks.