[silver Conference General draft] 2021 China International Silver Industry chain Summit Forum came to a successful conclusion! Silver trend and investment opportunity industry hedging strategy are all in the bag!

The one-and-a-half-day 2021 China International Silver Industry chain Summit Forum and China Silver Market Application Seminar ended successfully on October 15, 2021.

A number of experts, professors and senior engineers gathered in Hangzhou to bring you authoritative technical information, a number of future topics of market concern for in-depth analysis, full of practical information.

Check-in at the conference, business docking, face-to-face with the enterprise.

Guest speaker

Topic: SMM Silver Industry Price system and the Future of Photovoltaic Industry supply chain pricing

Speaker: Lu Jialong, Senior Vice President of SMM Information & Technology Co., Ltd.

"Click to listen to the live speech online.

Lu Jialong, senior vice president of SMM, introduced the future of SMM silver industry price system and photovoltaic industry chain pricing. He said that at present, most of the domestic manufacturing industry is in a stage of transition from overheating to trough, in which profits have fallen sharply to the edge of profit and loss, supply exceeds demand, and enterprises are thinking about reducing transaction costs. While the market growth rate fell back to a stable range, the share of Top3-5 enterprises expanded rapidly, squeezing out the living space of small and medium-sized enterprises, the market focused on R & D and industrial chain expansion, the head of enterprise profit space growth. The development strategy of the enterprise is to pursue the large-scale effect and the stability of the supply chain. Stable sales and procurement can give enterprises stable production and stable profits. The third-party price benchmarking is not a tool to help enterprises make profits through price speculation, but to help enterprises avoid the risk of price fluctuations in the sales of raw materials and products, so as to stabilize profits, stabilize production and produce large-scale effects.

The quotation time of SMM is 10:05-10:10 every working day (except statutory holidays and weekends), the valuation unit is RMB / kg, showing the form in the form of interval, including tax price (including 13% VAT), the reference quantity is typical to reflect the market circulation of the transaction volume is defined as 100-5000 kg, the place of delivery is factory treasury self-withdrawal, the method of payment is bank cash, the same day to the account.

SMM Silver Industry Price system and the Future of Photovoltaic Industry chain pricing [Silver Forum]

Topic: silver industry customers' financial instruments hedging strategy

Speaker: Guan Ping, General Manager of Brokerage headquarters and Coordination Department of Guangzhou Futures Co., Ltd.

With the current inflationary pressure in the United States, austerity is imperative; and the economic fundamentals are relatively stable and can withstand the impact of austerity; but the relatively high exchange rate pattern of the US dollar makes interest rate increases have incentives to push up the exchange rate and thus affect the international balance. Therefore, taking into account the internal and external cycles, Guangzhou Futures believes that there may not be a nominal increase in interest rates for the US dollar, but tightening measures such as shrinking tables will take the lead.

Guan Ping, vice president of brokerage business headquarters and general manager of coordination department of Guangzhou Futures Co., Ltd., shared the financial instruments hedging strategy of silver industry customers. He said that since 2021, the internal and external ratio of silver has fluctuated frequently near the export profit and loss window, and has been opened from time to time. The highest export profit is about 200 yuan / kg, and it is currently about-80 yuan / kg.

Hedging strategy: interest rate risk prevention gold-silver ratio and exchange rate impact on the future of silver [Silver Forum]

Topic: analysis of Silver Price trend and Prospect of Investment opportunities

Speaker: Han Jie, General Manager of Zhishui Investment and Senior trader of Precious Metals

Han Kui, general manager of Zhishui Investment and senior trader of precious metals, reviewed the gold and silver market in 2021 and looked forward to the future investment direction. He pointed out that the factors affecting precious metal prices in 2022 will revolve around the Fed's monetary policy, euro zone monetary policy and the epidemic. Combined with a combination of fundamentals and technical factors, 2022 is expected to be a volatile downward trend.

Precious metal prices are expected to be a wide volatility downward process in 2022.

For precious metals and enterprises in the upper reaches of the lead and zinc industry chain. Enterprises with mines can not guarantee the price or sell a small amount of insurance, and enterprises that need to purchase raw materials for smelting and processing can lock in the order price by selling value.

For precious metals and the middle reaches of the lead and zinc industry chain as well as trading enterprises. You can avoid the risk of price fluctuations in the precious metal market by buying high and selling low to lock in buying and selling price profits.

For precious metals and downstream enterprises of lead and zinc industry chain. When the enterprise has excess raw material inventory, we can avoid the loss caused by the price drop by selling the value at an appropriate price.

Is the price of precious metals inevitable from the downward trend in 2022? Analysis of the three influencing factors [Baiyin Forum]

Topic: present situation and Prospect of Silver production cycle Technology

Speaker: Liu Yong, Professor, State key Laboratory of rare Metal Separation and Comprehensive Utilization, Institute of Resource Utilization and rare Earth Development, Guangdong Academy of Sciences

Liu Yong, a professor-level senior engineer in the Institute of Resource Utilization and rare Earth Development of Guangdong Academy of Sciences and the State key Laboratory for Separation and Comprehensive Utilization of rare Metals, introduced the current situation of silver production cycle technology at the meeting, and looked forward to the future development.

Silver is an important precious metal with three attributes: currency, investment and commodity. Global silver demand is expected to reach 1.025 billion ounces (31900 tons) in 2021, an eight-year high, and industrial demand is expected to reach 510 million ounces (15900 tons) in 2021, an increase of 9 percent over 2020 and a four-year high.

With the development of high and new technology, especially the rapid development of electronic information and new energy industry, the demand for silver in strategic emerging industries increases greatly, which has the attribute of strategic shortage of resources.

The rapid development of high-tech industry boosts the demand for silver and the recycling of silver is very important under the "double carbon" [Silver Forum]

Topic: preparation Technology and Development status of Silver Powder for Electronic Industry

Speaker: Yunnan Metallurgical electrode Materials Engineering and Technology Research Center, Kunming University of Science and Technology

From the perspective of the import and export market, the domestic silver market demand increased in 2020, and the import and export volume was significantly higher than that in 2019. The domestic demand for silver in 2020 was about 20890 tons, an increase of 2.48 per cent over the same period last year.

With the proposal and layout of global "carbon neutralization", photovoltaic power generation, new energy vehicles and other related industries will usher in a new round of increment, but also led to the demand for silver.

The properties of flake ultra-fine silver powder are stable, and the particles are in surface contact or line contact, so the resistance is relatively low and the conductivity is good. Flake silver powder is one of the important materials of electronic components, which is widely used in thin film switches, filters, carbon film potentiometers, tantalum capacitors, semiconductor chip bonding and other electronic components. Photovoltaic silver paste is the core accessories of photovoltaic cells, accounting for 10% of the cost of 11%, while the new generation of HIT cells, photovoltaic silver paste needs to be used in a large number of flake silver powder, the market of flake ultra-fine silver powder will usher in rapid development. At present, the flake ultra-fine silver powder is mainly formed by physical forming, that is, the spherical silver powder is obtained by ball mill, but the purity of the flake silver powder is not high, the surface is uneven, and the thickness of the center and edge of the powder is uneven. In recent years, with the development of electronic components, the purity and flatness of flake silver powder are required to be improved, and the research on the preparation of flake silver powder by chemical synthesis is in the ascendant.

Development status of Silver at Home and abroad preparation Technology and Prospect of Silver Powder for Electronic Industry [Silver Forum]

Topic: mass production of HJT and industrial application of ultra-fine silver-coated copper powder

Speaker: Hu Xiaobin, Associate Professor / doctoral Supervisor of Shanghai Jiaotong University

Hu Xiaobin, doctoral supervisor and associate professor of Shanghai Jiaotong University, introduced the mass production of HJT and the industrialization of wallet-coated copper powder. He said that the industrialization of HJT is accelerated in 2021, the technical development and market development of domestic HJT cryogenic slurry is still in its infancy, and there are market opportunities for low-temperature slurry and silver-coated copper powder, and the market potential is huge. In addition, he also explained in detail the technical requirements of HJT low temperature slurry for silver-coated copper and the existing problems of silver-coated copper.

From the industrial point of view, according to incomplete statistics, the current heterojunction domestic planned production capacity over 60GW (1GW=1000MW), new and old battery manufacturers have layout.

Due to the significant improvement in the efficiency of heterojunction, there is a significant increase in the number of enterprises that begin to invest in the construction of HJT. 2020-2021 is the first year of heterojunction investment.

The huge demand of HJT market is accelerating the industrialization of these technical requirements and existing problems. [silver Forum]

Topic: the impact of Federal Reserve Monetary Policy on Silver Market in 2021

Speaker: Shu Lei, General Manager and National Senior Gold Investment analyst of Shanghai Qiyang Information Technology Co., Ltd.