Silver market report December 2013
2014-01-16 14:31:39 【Print】
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Contents
Abstract 1
1. Financial overview 1
1.1 Domestic financial review 1
1.1.1 CPI rose by 3.0% while PPI reduced by 1.4% YOY in November 1
1.1.2 PMI declined MOM in November 2
1.2 International financial review 3
1.2.1 Crude oil future prices up on political chaos in South Sudan 3
1.2.2 US dollar index fluctuates slightly 4
2 Company news 5
3 Chinese domestic market reviews 5
3.1 Silver price oscillates at a low level and trading active at year-end 5
3.2 Smelters release silver 6
4 International Market review 6
4.1 US stocks make new record and precious metals oscillate narrowly 6
4.2 Pessimistic covers bullion market gold ETFs drops 7
5 Production data 9
5.1 Chinese major silver smelters’ production in December up by 0.4% MOM 9
6 Import & Export data analysis 10
6.1 Chinese silver import down by 4.7% MOM in November 10
6.2 Chinese palladium import up by 26.3% MOM in November 11
6.3 Chinese platinum import up by 4.8% MOM in November 12
6.4 Chinese silver ore and concentrate import up by 30% MOM in November 13
6.5 Chinese silver nitrate import down by 44.3% MOM in November 14
7 Related industry developments 15
7.1 Photovoltaic warms up with favorable policies and silver powder demand to increase 15
7.2 Silver smelters operate normal with enough anode mud supply 15
7.3 Palladium price decreases to a low level 16
8 Outlooks for January 16
Picture
Picture 1 China’s CPI and PPI in 2011-2013 2
Picture 2 PMI of China’s manufacturing industry in 2011-2013 3
Picture 3 Market price trend of dominant contract of crude oil futures in US in December 4
Picture 4 US dollar index trend 4
Picture 5 Silver prices in December 2013 6
Picture 6 Loco London Silver trend in December 7
Picture 7 Gold inventory of 8 main ETFs in global in December 2013 8
Picture 8 Silver inventory of iShare Silver trust in December 2013 8
Picture 9 Silver production of main smelters in China Oct-Dec 2013 10
Picture 10 Silver import and export in the first eleven months of 2013 11
Picture 11 Palladium import in the first eleven months of 2013 12
Picture 12 Platinum import in the first eleven months of 2013 13
Picture 13 Chinese silver ore and concentrate import 2012-2013 14
Picture 14 Chinese silver nitrate import 2011-2013 15
Picture 15 Palladium powder 99.95% prices in December 2013 16
Abstract 1
1. Financial overview 1
1.1 Domestic financial review 1
1.1.1 CPI rose by 3.0% while PPI reduced by 1.4% YOY in November 1
1.1.2 PMI declined MOM in November 2
1.2 International financial review 3
1.2.1 Crude oil future prices up on political chaos in South Sudan 3
1.2.2 US dollar index fluctuates slightly 4
2 Company news 5
3 Chinese domestic market reviews 5
3.1 Silver price oscillates at a low level and trading active at year-end 5
3.2 Smelters release silver 6
4 International Market review 6
4.1 US stocks make new record and precious metals oscillate narrowly 6
4.2 Pessimistic covers bullion market gold ETFs drops 7
5 Production data 9
5.1 Chinese major silver smelters’ production in December up by 0.4% MOM 9
6 Import & Export data analysis 10
6.1 Chinese silver import down by 4.7% MOM in November 10
6.2 Chinese palladium import up by 26.3% MOM in November 11
6.3 Chinese platinum import up by 4.8% MOM in November 12
6.4 Chinese silver ore and concentrate import up by 30% MOM in November 13
6.5 Chinese silver nitrate import down by 44.3% MOM in November 14
7 Related industry developments 15
7.1 Photovoltaic warms up with favorable policies and silver powder demand to increase 15
7.2 Silver smelters operate normal with enough anode mud supply 15
7.3 Palladium price decreases to a low level 16
8 Outlooks for January 16
Picture
Picture 1 China’s CPI and PPI in 2011-2013 2
Picture 2 PMI of China’s manufacturing industry in 2011-2013 3
Picture 3 Market price trend of dominant contract of crude oil futures in US in December 4
Picture 4 US dollar index trend 4
Picture 5 Silver prices in December 2013 6
Picture 6 Loco London Silver trend in December 7
Picture 7 Gold inventory of 8 main ETFs in global in December 2013 8
Picture 8 Silver inventory of iShare Silver trust in December 2013 8
Picture 9 Silver production of main smelters in China Oct-Dec 2013 10
Picture 10 Silver import and export in the first eleven months of 2013 11
Picture 11 Palladium import in the first eleven months of 2013 12
Picture 12 Platinum import in the first eleven months of 2013 13
Picture 13 Chinese silver ore and concentrate import 2012-2013 14
Picture 14 Chinese silver nitrate import 2011-2013 15
Picture 15 Palladium powder 99.95% prices in December 2013 16
