Silver market report January 2014
2014-02-19 17:59:54 【Print】
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Contents
Abstract 1
1. Financial overview 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 1
1.1.2 PMI records new low in January 2
1.2 International financial overview 3
1.2.1 Chinese economic data and crude oil future price down 3
1.2.2 US dollar index keeps consolidating 4
2 Company news 5
3 Chinese domestic market reviews 6
3.1 Silver price oscillates at a low level and trading active at year-end 6
3.2 Silver output low ahead of Spring Festival and smelters supply actively 7
4 International Market review 7
4.1 Precious metals oscillate narrowly under the interaction of strong demand for gold in China and tight monetary policies in US 7
4.2 Bullion prices fluctuate narrowly and gold ETFs inventory stop declining 7
5 Production data 9
5.1 Chinese main silver smelters’ output up by 10.89% YOY 2013 9
5.2 Silver ingot stocks in China primary silver smelters up by 35.57% MOM 10
6 Import & Export data analysis 11
6.1 Chinese silver import down by 2.55% MOM in December 11
6.2 Chinese silver powder import down by 11.28% MOM in December 12
6.3 Chinese silver ore and concentrate import up by 6.9% MOM in December 13
6.4 Chinese palladium import down by 12.76% MOM in December 14
6.5 Chinese platinum import up by 41.79% MOM in December 15
7 Related industry developments 16
7.1 Photovoltaic warms up with favorable policies and silver powder demand to increase 16
7.2 Silver smelters operate normal with enough anode mud supply 16
7.3 Palladium price decreases to a low level 17
8 Outlooks for February 17
Picture
Picture 1 Trends of CPI and PPI in China between 2012 and 2013 4
Picture 2 Trend of PMI of Chinese manufacturing industry between 2012 and 2014 4
Picture 3 Dominant force future prices of crude oil in US in January 5
Picture 4 Trend of US dollar index 6
Picture 5 Silver prices in January 2014 7
Picture 6 Loco London Silver trend in January 8
Picture 7 Gold inventory of 8 main ETFs in global in January 2013 9
Picture 8 Silver inventory of iShare Silver trust in January 2013 9
Picture 9 Silver ingot 99.99%min price in 2013 10
Picture 10 Silver production of main smelters in China by region 2012- 2013 11
Picture 11 Silver import and export in 2013 13
Picture 12 Chinese silver powder import and export 2013 14
Picture 13 Chinese silver ore and concentrate import 2011-2013 15
Picture 14 Chinese palladium import 2012-2013 16
Picture 15 Chinese platinum import 2011-2013 17
Picture 16 Palladium powder 99.95% prices in January 2014 18
Abstract 1
1. Financial overview 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 1
1.1.2 PMI records new low in January 2
1.2 International financial overview 3
1.2.1 Chinese economic data and crude oil future price down 3
1.2.2 US dollar index keeps consolidating 4
2 Company news 5
3 Chinese domestic market reviews 6
3.1 Silver price oscillates at a low level and trading active at year-end 6
3.2 Silver output low ahead of Spring Festival and smelters supply actively 7
4 International Market review 7
4.1 Precious metals oscillate narrowly under the interaction of strong demand for gold in China and tight monetary policies in US 7
4.2 Bullion prices fluctuate narrowly and gold ETFs inventory stop declining 7
5 Production data 9
5.1 Chinese main silver smelters’ output up by 10.89% YOY 2013 9
5.2 Silver ingot stocks in China primary silver smelters up by 35.57% MOM 10
6 Import & Export data analysis 11
6.1 Chinese silver import down by 2.55% MOM in December 11
6.2 Chinese silver powder import down by 11.28% MOM in December 12
6.3 Chinese silver ore and concentrate import up by 6.9% MOM in December 13
6.4 Chinese palladium import down by 12.76% MOM in December 14
6.5 Chinese platinum import up by 41.79% MOM in December 15
7 Related industry developments 16
7.1 Photovoltaic warms up with favorable policies and silver powder demand to increase 16
7.2 Silver smelters operate normal with enough anode mud supply 16
7.3 Palladium price decreases to a low level 17
8 Outlooks for February 17
Picture
Picture 1 Trends of CPI and PPI in China between 2012 and 2013 4
Picture 2 Trend of PMI of Chinese manufacturing industry between 2012 and 2014 4
Picture 3 Dominant force future prices of crude oil in US in January 5
Picture 4 Trend of US dollar index 6
Picture 5 Silver prices in January 2014 7
Picture 6 Loco London Silver trend in January 8
Picture 7 Gold inventory of 8 main ETFs in global in January 2013 9
Picture 8 Silver inventory of iShare Silver trust in January 2013 9
Picture 9 Silver ingot 99.99%min price in 2013 10
Picture 10 Silver production of main smelters in China by region 2012- 2013 11
Picture 11 Silver import and export in 2013 13
Picture 12 Chinese silver powder import and export 2013 14
Picture 13 Chinese silver ore and concentrate import 2011-2013 15
Picture 14 Chinese palladium import 2012-2013 16
Picture 15 Chinese platinum import 2011-2013 17
Picture 16 Palladium powder 99.95% prices in January 2014 18
