SILVER MARKET REPORT MARCH 2017

ABSTRACT 2
1 COMPANY NEWS 2
1.1 Shanjin Silver & Lead’s silver ingot output decreases by around 25% MOM in February 2
1.2 Jinye Precious Metal’s silver ingot output down by 13% MOM in March 2
1.3 Yuguang Gold & Lead’s silver ingot output up by 7% MOM in March 2
2 CHINESE MARKET REVIEW 2
2.1 Chinese silver prices increases after moving down in March 2
2.2 Discounts for spot silver ingot prices shrink in March 3
3 INTERNATIONAL MARKET REVIEW 3
3.1 LME silver prices fluctuate vulnerably in March 3
4 IMPORT DATA ANALYSIS 3
4.1 China’s silver ore/concentrate imports down by 21.5% MOM in February 3
4.2 Top ten Chinese importers of silver ore and concentrate in February 4
4.3 China’s imports of silver ore and concentrate in February 2017 5
5 MARKET OUTLOOK 6

Chart Content
Chart 1 Spot price trend for Chinese silver ingot during Feb-Mar 2017 3
Chart 2 China’s silver ore/concentrate imports during January 2016 and February 2017 4
Chart 3 China’s silver concentrate imports from Peru and Mexico during January 2016 and February 2017 4

Table Content
Table 1 China’s imports for silver ore/concentrate by origin country in February 2017 4
Table 2 Top ten Chinese importers of silver ore/concentrate (H.S code: 26161000) in February 2017 4
Table 3 China’s imports of silver ore and concentrate in February 2017 5


.Asian Metal Copyright2 Jinye Precious Metal’s silver ingot output down by 13% MOM in March 2 1Asian Metal Copyright