Silicon Metal Stocks In China’s Three Major Regions Declined, Mainly Contributed By Kunming

SHANGHAI, May 26 (SMM) - Social inventories of silicon metal in China’s three major regions totalled 150,000 mt as of May 26, down 7,000 mt from a week ago. The decline was mainly contributed by Kunming, where large quantities of cargoes were withdrawn from warehouses for repackaging in compliance with requirements for delivery brand cargoes. Besides, some cargoes in Kunming were also shipped to ports or delivery warehouses in east China. Outbound volumes at Tianjin Port exceeded inbound volumes, driving down local inventory. Silicon plants in both north and south China have cut production due to losses at the current market prices. Those in Sichuan and Yunnan may resume production later than in previous years in this year’s rainy season. Raw material inventories at downstream enterprises are relatively low.