CHINA November 27 2013 10:24 AM
 
LONDON (Scrap Register): Semiconductor shipments continue to improve globally with the exception of Japan but the silver market is still set to remain in surplus, said Barclays Capital in a research note.

According to Barclays, silver continues to buck the trend and silver imports fell by 6% y/y in October but remained above 200 tonnes for the fourth month.

Exports rose by 84% y/y to 125 tonnes, keeping China a net importer. On a positive note, silver powder imports rose by a modest 1.5% y/y but shipments in other forms – unwrought, semi-manufactured and jewellery – all fell and shipments for the year to date are down for all four sectors.