SHANGHAI, Aug 5 (SMM) - Despite of the off-season, the output of silver nitrate increase by 12% on the month due to the domestic production of silver powder. According to SMM, the output of silver nitrate in July was 542 mt, up 12% on the month.
The output in central China rose 16% on the month mainly due to the increase in the demand of silver powder. In addition, as the prices of silver nitrate fell and stabilised in mid-July, downstream enterprises purchased on dips. The output in east China and south China remained stable as enterprises remained normal production. The output in the north-west region increased by 11% on the month, mainly because the some manufacturers increased the production lines.
The downstream enterprises increased the use of domestic silver powder to control the costs. Therefore, the demand for silver powder and silver nitrate increased, and SMM expects that the output of silver nitrate will increase slightly in August.
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