Silicon social inventories shrank 6,000 mt on week

SHANGHAI, Jan 29 (SMM) – Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port declined 6,000 mt from the prior week to 71,000 mt as of Friday January 29, SMM data showed.

Social stocks in Huangpu Port, Tianjin Port and Kunming all decreased, and the foreign trade end concentrated on loading and shipping before CNY. Domestic downstream also concentrated on restocking, which led to a large increase in the outbound quantity of the social warehouses in the producing areas. 

Most of the export containerization in Huangpu and Tianjin ports ended this week, and social inventories are expected to be basically stable in the last week before CNY.