Silver Market Report October 2015
2015-11-23 09:36:23 【Print】
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Abstract 2
1 Company News 3
1.1 Yuguang Gold & Lead’s silver smelter delays maintenance to December 3
1.2 Guiyang Yinxing’s lead and silver output declines in October 3
1.3 Zijin Mining’s zinc and silver mining output increases significantly in first three quarters of 2015 3
２Chinese domestic market review 3
2.1 Chinese silver prices bounce up and trading turns warmer 4
2.2 Discounts for silver ingot prices relatively stable in China during October 4
３International market review 5
3.1 Loco London silver bounce up significantly during October 5
3.2 Silver ETF stocks decline further during October 5
4 Production data 6
4.1 Major Chinese silver smelters’ silver output up by 9.41% MOM in October 6
4.2 Silver ingot stocks at major Chinese silver smelters up by 7.05% MOM in late October 2015 8
5 Import and export data analysis 10
5.1 China’s silver ore/concentrate imports up by 24.87% MOM in September 10
5.2 China’s silver imports up by 39.19% YOY in September 12
6 Related industry developments 13
6.1 London palladium prices retreat during October 13
6.2 Chinese palladium powder market quiet during October 14
7 Outlook for silver market 15
Graph and Table
Graph 1 Chinese silver ingot prices in Sep-Oct 2015 4
Graph 2 Loco London Silver trend in Sep-Oct 2015 5
Graph 3 Silver inventories of iShare Silver trust in Jan-Oct 2015 6
Graph 4 Proportion of silver smelters of differing scales in China 7
Graph 5 Major Chinese smelters’ silver output from January 2014 to October 2015 8
Graph 6 Silver inventories held by smelters in China from January 2014 to October 2015 9
Graph 7 China’s silver ore/concentrate imports from January 2014 to September 2015: 10
Graph 8 China’s silver import volume in Jan 2014 – Sep 2015: 12
Graph 9 Loco London Palladium prices between January and October 2015 14
Graph 10 Palladium powder 99.95% prices in Jul-Oct 2015 15
Table 1 Silver output in Hunan, Henan and Zhejiang in October 7
Table 2 Silver ingot stocks in Henan, Zhejiang and Gansu provinces 9
Table 3 China’s silver ore/concentrate imports in September 10
Table 4 Silver ore/concentrate import enterprises in September 11
1 Company News 3
1.1 Yuguang Gold & Lead’s silver smelter delays maintenance to December 3
1.2 Guiyang Yinxing’s lead and silver output declines in October 3
1.3 Zijin Mining’s zinc and silver mining output increases significantly in first three quarters of 2015 3
２Chinese domestic market review 3
2.1 Chinese silver prices bounce up and trading turns warmer 4
2.2 Discounts for silver ingot prices relatively stable in China during October 4
３International market review 5
3.1 Loco London silver bounce up significantly during October 5
3.2 Silver ETF stocks decline further during October 5
4 Production data 6
4.1 Major Chinese silver smelters’ silver output up by 9.41% MOM in October 6
4.2 Silver ingot stocks at major Chinese silver smelters up by 7.05% MOM in late October 2015 8
5 Import and export data analysis 10
5.1 China’s silver ore/concentrate imports up by 24.87% MOM in September 10
5.2 China’s silver imports up by 39.19% YOY in September 12
6 Related industry developments 13
6.1 London palladium prices retreat during October 13
6.2 Chinese palladium powder market quiet during October 14
7 Outlook for silver market 15
Graph and Table
Graph 1 Chinese silver ingot prices in Sep-Oct 2015 4
Graph 2 Loco London Silver trend in Sep-Oct 2015 5
Graph 3 Silver inventories of iShare Silver trust in Jan-Oct 2015 6
Graph 4 Proportion of silver smelters of differing scales in China 7
Graph 5 Major Chinese smelters’ silver output from January 2014 to October 2015 8
Graph 6 Silver inventories held by smelters in China from January 2014 to October 2015 9
Graph 7 China’s silver ore/concentrate imports from January 2014 to September 2015: 10
Graph 8 China’s silver import volume in Jan 2014 – Sep 2015: 12
Graph 9 Loco London Palladium prices between January and October 2015 14
Graph 10 Palladium powder 99.95% prices in Jul-Oct 2015 15
Table 1 Silver output in Hunan, Henan and Zhejiang in October 7
Table 2 Silver ingot stocks in Henan, Zhejiang and Gansu provinces 9
Table 3 China’s silver ore/concentrate imports in September 10
Table 4 Silver ore/concentrate import enterprises in September 11
