Silver Market Report August 2014
2014-09-11 18:39:04 【Print】
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Contents
Abstract 1
1 Chinese domestic financial overview 1
1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July 1
1.2 August PMI down obviously 2
2 International financial overview 3
2.1 Crude oil futures prices keep falling back 3
2.2 US dollar strong again amid depressed European economy 4
3 Company news 5
4 Chinese domestic market review 5
4.1 Tight monetary policies approach and silver ingot price goes down continuously 5
4.2 Silver ingot flows to overseas market and stocks in China low 6
5 International market review 6
5.1 The US may raise interest rate in advance and Loco London Silver drops continuously 6
5.2 Gold inventories not rebound at the decreasing bullion prices 7
6 Production data 8
6.1 Major Chinese silver smelters’ output up by 5.81% MOM in August 8
6.2 Silver ingot stocks at Chinese primary smelters up by 22.54% MOM by end of August 9
7 Import and export data analysis 10
7.1 Chinese silver ore and concentrate imports up by 0.89% MOM in July 10
7.2 Chinese gold ore and concentrate imports up by 149% MOM in July 12
8 Related industry developments 17
8.1 Anode mud supply increases while lead concentrate supply remains tight 17
8.2 Tension between Ukraine and Russia stimulates palladium powder price 17
9 Outlook for September 18
Picture
Picture 1 China’s CPI and PPI trend in 2012-2014 2
Picture 2 China’s PMI in 2012-2014 3
Picture 3 US crude oil futures price trend on major transaction market in August 4
Picture 4 US dollar index trend 5
Picture 5 Chinese silver ingot prices in August 2014 6
Picture 6 Loco London Silver trend in August 7
Picture 7 Gold inventories of the eight main ETFs worldwide Jan-Aug 2014 7
Picture 8 Silver inventories of iShare Silver trust Jan-Aug 2014 8
Picture 9 Chinese main silver smelters’ outputs Jan-Aug 2014 9
Picture 10 Silver ingot stocks in China Dec 2013-Aug 2014 10
Picture 11 China silver ore and concentrate imports Jan 2013-Jul 2014 11
Picture 12 Chinese silver ore and concentrate imports of main exporters Jan 2013-Jul 2014 12
Picture 13 China’s gold ore and concentrate import Jan-Jul 2014 12
Picture 14 China’s gold ore and concentrate import by regions Jan-Jul 2014 13
Picture 15 China’s gold ore and concentrate import July 2014 14
Picture 16 Palladium powder 99.95% prices in August 2014 18
Table 1 Silver ingot stocks of Henan, Zhejiang, Gansu and others in August 9
Table 2 China’s silver ore and concentrate imports by region in August 11
Table 3 The top ten exporters and their exports to China in July 13
Table 4 the top ten gold ore and concentrate importers in July 2014 and their imports 14
Table 5 the itemized data for China’s import gold ore and concentrate in July 14
Abstract 1
1 Chinese domestic financial overview 1
1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July 1
1.2 August PMI down obviously 2
2 International financial overview 3
2.1 Crude oil futures prices keep falling back 3
2.2 US dollar strong again amid depressed European economy 4
3 Company news 5
4 Chinese domestic market review 5
4.1 Tight monetary policies approach and silver ingot price goes down continuously 5
4.2 Silver ingot flows to overseas market and stocks in China low 6
5 International market review 6
5.1 The US may raise interest rate in advance and Loco London Silver drops continuously 6
5.2 Gold inventories not rebound at the decreasing bullion prices 7
6 Production data 8
6.1 Major Chinese silver smelters’ output up by 5.81% MOM in August 8
6.2 Silver ingot stocks at Chinese primary smelters up by 22.54% MOM by end of August 9
7 Import and export data analysis 10
7.1 Chinese silver ore and concentrate imports up by 0.89% MOM in July 10
7.2 Chinese gold ore and concentrate imports up by 149% MOM in July 12
8 Related industry developments 17
8.1 Anode mud supply increases while lead concentrate supply remains tight 17
8.2 Tension between Ukraine and Russia stimulates palladium powder price 17
9 Outlook for September 18
Picture
Picture 1 China’s CPI and PPI trend in 2012-2014 2
Picture 2 China’s PMI in 2012-2014 3
Picture 3 US crude oil futures price trend on major transaction market in August 4
Picture 4 US dollar index trend 5
Picture 5 Chinese silver ingot prices in August 2014 6
Picture 6 Loco London Silver trend in August 7
Picture 7 Gold inventories of the eight main ETFs worldwide Jan-Aug 2014 7
Picture 8 Silver inventories of iShare Silver trust Jan-Aug 2014 8
Picture 9 Chinese main silver smelters’ outputs Jan-Aug 2014 9
Picture 10 Silver ingot stocks in China Dec 2013-Aug 2014 10
Picture 11 China silver ore and concentrate imports Jan 2013-Jul 2014 11
Picture 12 Chinese silver ore and concentrate imports of main exporters Jan 2013-Jul 2014 12
Picture 13 China’s gold ore and concentrate import Jan-Jul 2014 12
Picture 14 China’s gold ore and concentrate import by regions Jan-Jul 2014 13
Picture 15 China’s gold ore and concentrate import July 2014 14
Picture 16 Palladium powder 99.95% prices in August 2014 18
Table 1 Silver ingot stocks of Henan, Zhejiang, Gansu and others in August 9
Table 2 China’s silver ore and concentrate imports by region in August 11
Table 3 The top ten exporters and their exports to China in July 13
Table 4 the top ten gold ore and concentrate importers in July 2014 and their imports 14
Table 5 the itemized data for China’s import gold ore and concentrate in July 14
