Silver market report June 2013
2013-07-18 15:19:00 【Print】
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Contents
Abstract 1
1. Financial review 1
1.1 Domestic financial review 1
1.1.1 CPI up 2.1% PPI up 2.9% YOY in May 1
1.1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 2
1.2 International financial review 3
1.2.1 Futures prices of crude oil pushed up by multiple positive news 3
1.2.2 US dollar index bottoms out 4
1.2.3 Liquidity crisis hits weak nonferrous metals market 5
2 Company news 5
3 Chinese domestic market reviews 6
3.1 Silver price has not reached the bottom 6
3.2 Silver price drops to bottom of two years but no flouring buying 7
4 International Market review 7
4.1 The US dollar goes strong with recovery of US economy and Loco London Silver keeps dropping 7
4.2 Gold ETFs and silver ETF inventory decreases continuously 8
5 Production data 9
5.1 Chinese major silver smelters’ production in June down by 12.01% MOM 9
6 Import & Export data analysis 10
6.1 Chinese silver import up by 0.96% in May MOM 10
6.2 Chinese palladium import up by 0.69% in May MOM 10
6.3 Chinese silver powder import up by 8.84% in May MOM 11
6.4 Chinese platinum import down by 6.8% in May MOM 11
6.5 Silver ore and concentrate import down by 22.85% MOM in May 12
6.6 Silver nitrate import up by 27.5% MOM in May 12
7 Related industry developments 13
7.1 New consumption market immature Silver nitrate buyers’ market sluggish 13
7.2 Anode mud deals thin in June 13
8 Outlooks for July 14
Picture
Figure 1 China’s CPI and PPI trend in 2011-2013 2
Figure 2 China’s PMI in 2011-2013 3
Figure 3 Major contracts prices of future crude oil in the US in May 4
Figure 4 US dollar index trend 5
Figure 5 Silver prices in June 2013 7
Figure 6 Loco London Silver trend in June 8
Figure 7 Gold inventory of 8 main ETFs in global 8
Figure 8 Silver inventory of iShare Silver trust 9
Figure 9 Silver production of main smelters in China June2013 10
Figure 10 Silver ore and concentrate import 2011-2013 12
Figure 11 Silver nitrate import 2011-2013 13
Abstract 1
1. Financial review 1
1.1 Domestic financial review 1
1.1.1 CPI up 2.1% PPI up 2.9% YOY in May 1
1.1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 2
1.2 International financial review 3
1.2.1 Futures prices of crude oil pushed up by multiple positive news 3
1.2.2 US dollar index bottoms out 4
1.2.3 Liquidity crisis hits weak nonferrous metals market 5
2 Company news 5
3 Chinese domestic market reviews 6
3.1 Silver price has not reached the bottom 6
3.2 Silver price drops to bottom of two years but no flouring buying 7
4 International Market review 7
4.1 The US dollar goes strong with recovery of US economy and Loco London Silver keeps dropping 7
4.2 Gold ETFs and silver ETF inventory decreases continuously 8
5 Production data 9
5.1 Chinese major silver smelters’ production in June down by 12.01% MOM 9
6 Import & Export data analysis 10
6.1 Chinese silver import up by 0.96% in May MOM 10
6.2 Chinese palladium import up by 0.69% in May MOM 10
6.3 Chinese silver powder import up by 8.84% in May MOM 11
6.4 Chinese platinum import down by 6.8% in May MOM 11
6.5 Silver ore and concentrate import down by 22.85% MOM in May 12
6.6 Silver nitrate import up by 27.5% MOM in May 12
7 Related industry developments 13
7.1 New consumption market immature Silver nitrate buyers’ market sluggish 13
7.2 Anode mud deals thin in June 13
8 Outlooks for July 14
Picture
Figure 1 China’s CPI and PPI trend in 2011-2013 2
Figure 2 China’s PMI in 2011-2013 3
Figure 3 Major contracts prices of future crude oil in the US in May 4
Figure 4 US dollar index trend 5
Figure 5 Silver prices in June 2013 7
Figure 6 Loco London Silver trend in June 8
Figure 7 Gold inventory of 8 main ETFs in global 8
Figure 8 Silver inventory of iShare Silver trust 9
Figure 9 Silver production of main smelters in China June2013 10
Figure 10 Silver ore and concentrate import 2011-2013 12
Figure 11 Silver nitrate import 2011-2013 13
