Silver market report April 2013
2013-05-17 10:40:01 【Print】
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Contents
Abstract 1
1 Financial Information 2
1.1 Domestic financial information 2
1.1.1 CPI increases by 2.1% year-on-year while PPI decreases by 1.9 year-on-year 2
1.1.2 PMI in April decreases by 0.3% from March 3
1.2 International financial information 4
1.2.1 International crude oil price sees fluctuation in April 4
1.2.2 US dollar index stabilizes at high levels 5
1.2.3 FED cancels quantitative easing policies, hitting nonferrous metals market 6
2 Company news 7
3 Chinese domestic market reviews 7
3.1 Silver price declines to a new bottom in April 7
3.2 Silver price drops to bottom of two years but no flouring buying 8
4 International Market review 8
4.1 The US dollar goes strong with recovery of US economy and Loco London Silver keeps dropping 8
4.2 Gold ETFs and silver ETF inventory decreases sharply 9
5 Production data 10
5.1 Chinese major silver smelters’ production in April up by 1.1% MOM 10
6 Import & Export data analysis 11
6.1 Chinese silver import up by 5.01% in March MOM 11
6.2 Chinese palladium import up by 25.2% in March MOM 12
6.3 Chinese silver powder import down by 3.09% in March MOM 12
7 Related industry developments 12
7.1 New consumption market immature Silver nitrate buyers’ market sluggish 12
7.2 Anode mud deals thin in April 13
8 Outlooks for May 13
Picture
Figure 1 China’s CPI and PPI trend in 2011-2013 2
Figure 2 China’s PMI in 2011-2013 4
Figure 3 Major contracts prices of future crude oil in the US in February 5
Figure 4 US dollar index trend 6
Figure 5 Silver prices in April 2013 8
Figure 6 Loco London Silver trend in April 9
Figure 7 Gold inventory of 8 main ETFs in global 9
Figure 8 Silver inventory of iShare Silver trust 10
Figure 9 Silver production of main smelters in China April 2013 11
Abstract 1
1 Financial Information 2
1.1 Domestic financial information 2
1.1.1 CPI increases by 2.1% year-on-year while PPI decreases by 1.9 year-on-year 2
1.1.2 PMI in April decreases by 0.3% from March 3
1.2 International financial information 4
1.2.1 International crude oil price sees fluctuation in April 4
1.2.2 US dollar index stabilizes at high levels 5
1.2.3 FED cancels quantitative easing policies, hitting nonferrous metals market 6
2 Company news 7
3 Chinese domestic market reviews 7
3.1 Silver price declines to a new bottom in April 7
3.2 Silver price drops to bottom of two years but no flouring buying 8
4 International Market review 8
4.1 The US dollar goes strong with recovery of US economy and Loco London Silver keeps dropping 8
4.2 Gold ETFs and silver ETF inventory decreases sharply 9
5 Production data 10
5.1 Chinese major silver smelters’ production in April up by 1.1% MOM 10
6 Import & Export data analysis 11
6.1 Chinese silver import up by 5.01% in March MOM 11
6.2 Chinese palladium import up by 25.2% in March MOM 12
6.3 Chinese silver powder import down by 3.09% in March MOM 12
7 Related industry developments 12
7.1 New consumption market immature Silver nitrate buyers’ market sluggish 12
7.2 Anode mud deals thin in April 13
8 Outlooks for May 13
Picture
Figure 1 China’s CPI and PPI trend in 2011-2013 2
Figure 2 China’s PMI in 2011-2013 4
Figure 3 Major contracts prices of future crude oil in the US in February 5
Figure 4 US dollar index trend 6
Figure 5 Silver prices in April 2013 8
Figure 6 Loco London Silver trend in April 9
Figure 7 Gold inventory of 8 main ETFs in global 9
Figure 8 Silver inventory of iShare Silver trust 10
Figure 9 Silver production of main smelters in China April 2013 11
