SMM

SHANGHAI, Apr 28 (SMM) – Silicon metal stocks across China’s three major markets stood at 122,000 mt as of April 28, up 3,000 mt from a week ago. Pre-holiday stocking allowed shipments out of social warehouses to rise slightly. Stocks at Tianjin Port fell thanks to fewer arrivals. Stocks at Huangpu port barely changed as inflows and outflows were somehow equal.  Inventory in Kunming increased significantly due to massive shipments by silicon metal plants. At present, the operating rate of silicon metal enterprises in Sichuan and Yunnan remains low. However, high supply in north China and poor downstream demand will likely push up social inventory in the future.