Chinese gold production up by 21.35% in March MOM
2013-06-13 09:13:52 【Print】
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BEIJING (Asian Metal) 13 Jun 13 – According to the statistics published by Ministry of Industry and Information Technology of China, gold production in March 2013 was 32.785t, up by 10.01% year-on-year and up by 21.35% month-on-month.
In the first quarter of 2013, the gold production in China was 89.907t in total, up by 11.26% year-on-year. There was 74.749t of gold produced from gold mine, up by 11.41%; there was 15.159t produced from nonferrous metals mines, up by 10.54% year-on-year.
According to the statistics published by China Gold Association, in the first quarter of 2013, gold consumption in China was 320.54t, and increased by 65.34t, up by 25.6% year-on-year. Gold jewelry consumption was 178.59t, up by 16.3% year-on-year; gold bar consumption was 120.39t, up by 48.8% year-on-year; gold coin consumption was 4.03t, up by 137.1% year-on-year; industrial gold consumption was 13.49t, down by 5.1% year-on-year; other gold consumption was 4.04t, down by 16.4% year-on-year.
February is the traditional holiday for Spring Festival and a marriage boom season in China. Wedding celebration boosts the demand for gold jewelry and the traditional holiday pulls gold bar and gold coin consumption. Gold consumption in China in the first quarter increased by 25.6%, while it decreased by 13% in global.
In the first quarter of 2013, the gold production in China was 89.907t in total, up by 11.26% year-on-year. There was 74.749t of gold produced from gold mine, up by 11.41%; there was 15.159t produced from nonferrous metals mines, up by 10.54% year-on-year.
According to the statistics published by China Gold Association, in the first quarter of 2013, gold consumption in China was 320.54t, and increased by 65.34t, up by 25.6% year-on-year. Gold jewelry consumption was 178.59t, up by 16.3% year-on-year; gold bar consumption was 120.39t, up by 48.8% year-on-year; gold coin consumption was 4.03t, up by 137.1% year-on-year; industrial gold consumption was 13.49t, down by 5.1% year-on-year; other gold consumption was 4.04t, down by 16.4% year-on-year.
February is the traditional holiday for Spring Festival and a marriage boom season in China. Wedding celebration boosts the demand for gold jewelry and the traditional holiday pulls gold bar and gold coin consumption. Gold consumption in China in the first quarter increased by 25.6%, while it decreased by 13% in global.
