Silver prices fluctuated slightly last week and fell from Monday to Wednesday. Silver prices were mainly affected by information such as Fed interest rate increases and shrinking tables at the beginning of the week. The domestic silver price was 4941 yuan / kg on Wednesday after the Qingming Festival holiday. However, because the twists and turns in the negotiations between Ukraine and Russia last week led to a risk aversion, silver prices rose to 5009 yuan / kg.
Last week, the Baiyin smelter, some smelters in Gansu Province have been shut down because of the epidemic, and the areas not affected by the epidemic are still in normal production. According to SMM research, recently, due to the impact of the epidemic, Shanghai blocked, because most of the silver is stored in Shanghai warehouses, other areas can not be replenished or slowly replenished, so there is a shortage of silver demand near Jiangsu and Zhejiang. Silver prices in Zhejiang rose slightly on Friday, but manufacturers are still unable to supply due to production restrictions and raw material transportation problems. If the transportation problem of the epidemic cannot be solved, the gap between supply and demand of silver in Jiangsu and Zhejiang will continue to expand this week, but the price of silver in other areas is still within the normal range.
Last week, the price of the electrical alloy contact industry was stable and did not change much, and the orders decreased slightly, and the reasons for the slight decrease in orders were as follows: first, the epidemic limited downstream demand, resulting in a decrease in orders. Second, foreign epidemic prevention has been liberalized, foreign factories have resumed work, and domestic demand has been reduced. The epidemic in Shanghai has little impact on the contact industry for the time being, but it will have an impact if it continues.
Last week, silver powder silver paste enterprises in non-epidemic areas, silver powder enterprises production and sales are normal, prices are relatively stable, there is no obvious change, back-to-back orders are the main. Some silver pulp enterprises are actively adjusting the transportation plan due to the hindrance of the transportation of raw materials in Shanghai, but they have not been greatly affected for the time being because of inventory and other modes of transportation.
This week, we will continue to pay attention to the situation in the lower reaches of silver affected by the epidemic.
