The output of silver nitrate in May decreased compared to April. The high prices in May inhibited demand, and the restocking in April was strong, leading to a decline in silver nitrate output in May. The output of silver nitrate from domestic enterprises with production and sales qualifications was 880 mt, down 11.6% MoM, and up 51.2% YoY. The reasons for the MoM decline in output in May are: 1. The high silver prices in May inhibited downstream restocking demand. 2. The market conducted stockpiling in April, and some enterprises stopped production due to the Labour Day holiday in May, reducing production days.
In June, due to a slight decline in downstream demand, the output is expected to continue to decrease.
