Silver Market Report February 2014
2014-03-19 15:59:44 【Print】
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Contents
Abstract 1
1 Financial overview 1
1.1 Domestic financial overview 1
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 1
1.1.2 PMI continues to fall in February 2
1.2 International financial overview 3
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 3
1.2.2 US dollar index weakens unexpectedly 4
2 Company news 5
3 Chinese domestic market reviews 5
3.1 Unrest promotes silver price and low rate boosts export 5
3.2 Low silver production and few supply in China 6
4 International Market review 7
4.1 Unrest in Ukraine pushes up precious metals and Loco London Silver climes up 7
4.2 Gold’s risk-aversion glamour rises and bullion inventories of ETFs increase 7
5 Production data 8
5.1 Chinese main silver smelters’ output down by 8.09% MOM in February 8
5.2 Silver ingot stocks in Chinese primary smelters down by 26.63% MOM in February 10
6 Import & Export data analysis 10
6.1 Chinese silver import down by 4.85% MOM in January 10
6.2 Chinese silver powder import up by 3.45% MOM in January 11
6.3 Chinese silver ore and concentrate import up by 25.17% MOM in January 12
6.4 Chinese palladium import down by 23.03% MOM in January 14
6.5 Chinese platinum import down by 47.20% MOM in January 15
6.6 Chinese gold ore and concentrate in January 16
7 Related industry developments 19
7.1 Emerging consumption market active but traditional consumption market dull 19
7.2 Silver smelters operate normal with enough anode mud supply 19
7.3 Strike in South Africa promotes palladium price and watching attitude exists in the market 19
8 Outlooks for March 20
Picture
Picture 1 Chinese CPI and PPI trend in 2013-2014 2
Picture 2 Manufacturing PMI in China in 2013-2014 3
Picture 3 Dominant force future prices of crude oil in US in February 4
Picture 4 US dollar index trend 5
Picture 5 Silver prices in February 2014 6
Picture 6 Loco London Silver trend in February 7
Picture 7 Gold inventory of 8 main ETFs in global in February 2014 8
Picture 8 Silver inventory of iShare Silver trust in February 2014 8
Picture 9 Chinese main silver smelters’ output Jan-Feb 2014 9
Picture 10 Silver import and export in 2013-2014 11
Picture 11 Chinese silver powder import and export 2013-2014 12
Picture 12 Chinese silver ore and concentrate import 2013-2014 13
Picture 13 Chinese silver ore and concentrate import 2013-2014 14
Picture 14 Chinese palladium import 2013-2014 15
Picture 15 Chinese platinum import 2013-2014 16
Picture 16 Palladium powder 99.95% prices in February 2014 20
Table 1 Silver ingot stocks in China by regain in February 10
Table 2 China top ten gold ore and concentrate import companies in January 17
Table 3 China’s import gold ore and concentrate in detail in January 19
Abstract 1
1 Financial overview 1
1.1 Domestic financial overview 1
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 1
1.1.2 PMI continues to fall in February 2
1.2 International financial overview 3
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 3
1.2.2 US dollar index weakens unexpectedly 4
2 Company news 5
3 Chinese domestic market reviews 5
3.1 Unrest promotes silver price and low rate boosts export 5
3.2 Low silver production and few supply in China 6
4 International Market review 7
4.1 Unrest in Ukraine pushes up precious metals and Loco London Silver climes up 7
4.2 Gold’s risk-aversion glamour rises and bullion inventories of ETFs increase 7
5 Production data 8
5.1 Chinese main silver smelters’ output down by 8.09% MOM in February 8
5.2 Silver ingot stocks in Chinese primary smelters down by 26.63% MOM in February 10
6 Import & Export data analysis 10
6.1 Chinese silver import down by 4.85% MOM in January 10
6.2 Chinese silver powder import up by 3.45% MOM in January 11
6.3 Chinese silver ore and concentrate import up by 25.17% MOM in January 12
6.4 Chinese palladium import down by 23.03% MOM in January 14
6.5 Chinese platinum import down by 47.20% MOM in January 15
6.6 Chinese gold ore and concentrate in January 16
7 Related industry developments 19
7.1 Emerging consumption market active but traditional consumption market dull 19
7.2 Silver smelters operate normal with enough anode mud supply 19
7.3 Strike in South Africa promotes palladium price and watching attitude exists in the market 19
8 Outlooks for March 20
Picture
Picture 1 Chinese CPI and PPI trend in 2013-2014 2
Picture 2 Manufacturing PMI in China in 2013-2014 3
Picture 3 Dominant force future prices of crude oil in US in February 4
Picture 4 US dollar index trend 5
Picture 5 Silver prices in February 2014 6
Picture 6 Loco London Silver trend in February 7
Picture 7 Gold inventory of 8 main ETFs in global in February 2014 8
Picture 8 Silver inventory of iShare Silver trust in February 2014 8
Picture 9 Chinese main silver smelters’ output Jan-Feb 2014 9
Picture 10 Silver import and export in 2013-2014 11
Picture 11 Chinese silver powder import and export 2013-2014 12
Picture 12 Chinese silver ore and concentrate import 2013-2014 13
Picture 13 Chinese silver ore and concentrate import 2013-2014 14
Picture 14 Chinese palladium import 2013-2014 15
Picture 15 Chinese platinum import 2013-2014 16
Picture 16 Palladium powder 99.95% prices in February 2014 20
Table 1 Silver ingot stocks in China by regain in February 10
Table 2 China top ten gold ore and concentrate import companies in January 17
Table 3 China’s import gold ore and concentrate in detail in January 19
