Silicon Metal Stocks Fell amid Fewer Arrivals in Kunming

SHANGHAI, Mar 24 (SMM) – Silicon metal stocks across China’s three major markets stood at 122,000 mt as of March 24, a drop of 3,000 mt from a ago. The inventories at Tianjin Port and Huangpu Port were stable as cargo inflows into and outflows from warehouses barely changed, except for a few warehouses that reported fewer inflows and outflows. Stocks in Kunming declined as output cuts by silicon metal plants in Dehong prefecture and Lujiang caused fewer cargoes to arrive in this region. Moreover, sell-off by traders at lower prices also contributed to the destocking.