SMM Data: China’s Silver Nitrate Output In August And Forecast For September

SHANGHAI, Sep 12 (SMM) – In August, the production of silver nitrate in China showed a slight decline MoM. The total production of qualified manufacturers with sales qualifications was 777 mt, which represents a 0.5% decrease MoM. According to market research, these manufacturers account for approximately 80% of the market share. Therefore, it can be estimated that the total production of silver nitrate in China in July was around 971 mt. The production of silver nitrate in the current month fluctuates due to various factors. One reason for the increase is the increased demand from downstream enterprises, as they engage in minor stockpiling ahead of the National Day holiday. According to SMM research, the demand from downstream sectors, including the photovoltaic industry, accounted for approximately 530 mt in August. The demand from traditional industries such as reagents, catalysts, imaging, and electrical alloy silver powder remained relatively stable, ranging from 100 to 200 mt per month. Starting from July and August, the market has been waiting for silver prices to fall to prepare for downstream stockpiling. In September, new enterprises in the downstream battery sector are expected to emerge, while some companies need to stock up for the National Day holiday. As a result, SMM predicts that silver nitrate production will remain steady in September.