Silicon Metal Stocks Are Changed from A Week Ago, But Diverge by Region

SHANGHAI, Mar 31 (SMM) – Silicon metal social inventory across China’s three major markets was unchanged from a week ago at 122,000 mt as of March 31. This week, metallurgical-grade silicon metal prices fell at a slower pace, while chemical-grade 421# silicon metal prices fell sharply. Trades picked up with the release of downstream rigid demand. Cargo inflows into warehouses at Huangpu port were equal to outflows. Stocks at Tianjin Port rose slightly due to growing arrivals, but shipments out of local warehouses improved. Stocks in Kunming dropped slightly as output cuts by silicon metal enterprises in Yunnan cut shipments to this region.