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Home / Metal News / Silicon Social Inventories Up 2,000 mt on Week

Silicon Social Inventories Up 2,000 mt on Week

Jul 30, 2021 14:10

Source:SMM

Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port expanded 2,000 mt from the previous week to 42,000 mt as of Friday July 30.

SHANGHAI, Jul 30 (SMM) – Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port expanded 2,000 mt from the previous week to 42,000 mt as of Friday July 30.

The increment was mainly due to the higher arrivals at Huangpu port for the exports in August. The total inventory in Kunming and Tianjin port was unchanged. Social inventories of silicon are expected to remain stable in the short term.

Silicon

Inventory data

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Analysis

China weekly inventory summary and data wrap (Jul 9)

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SMM Comments

Silicon prices rose sharply due to stockpiling and recovered demand

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Analysis

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Four silicon plants in Nujiang of Yunnan province, one of China’s major silicon production areas, nearly halved its capacity in operation on April 23, as power supply was disrupted amid maintenance of local power stations.

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Industry

Silicon plants in Yunnan shut down capacity due to power station maintenance

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Analysis

Operating rates across silicon producers inch up 0.8 percentage point in Aug

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SMM Comments

Lower inventories, bullish sentiment bolster prices of low-grade silicon

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Silicon Social Inventories Up 2,000 mt on Week

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