China May Silver imports hit best since Dec 2010-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Market commentary
  • Copper
  • thép
  • Production data
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Morning comments
  • Mengtai Group
  • Lithium
  • Iron ore

China May Silver imports hit best since Dec 2010

Industry News 10:16:18AM Jun 27, 2017 Source:Scrap Register

UNITED STATES June 26 2017 5:11 PM
 
SHANGHAI (Scrap Register): Chinese trade data has showed that the most monthly silver imports in May since 2010, while platinum imports were the strongest in more than a year, according to Commerzbank.

Analysts at Commerzbank cited data from customs authorities showing that China imported 407 tons of silver in May. This was nearly twice as much as in last May, as well as the largest quantity since December 2010.

Silver imports in the first five months of the year were thus a third higher than in the same period last year.

Platinum imports hit a 16-month high of 9.5 tons. By contrast, palladium imports were subdued at 1.3 tons, Commerzbank added. 

“We are therefore finding palladium’s significant outperformance of platinum increasingly difficult to understand,” Commerzbank noted.

Key Words:  China Silver imports 

Price

more
1# Silver ingots(99.99%)
Oct.14
4279.0
0.0
(0.00%)
2# Silver ingots(99.95%)
Oct.14
4264.0
0.0
(0.00%)
3# Silver ingots(99.90%)
Oct.14
4249.0
0.0
(0.00%)
Gold(99.99%)
Oct.14
339.0
-4.3
(-1.25%)
Gold(99.95%)
Oct.14
338.8
-4.3
(-1.27%)

China May Silver imports hit best since Dec 2010

Industry News 10:16:18AM Jun 27, 2017 Source:Scrap Register

UNITED STATES June 26 2017 5:11 PM
 
SHANGHAI (Scrap Register): Chinese trade data has showed that the most monthly silver imports in May since 2010, while platinum imports were the strongest in more than a year, according to Commerzbank.

Analysts at Commerzbank cited data from customs authorities showing that China imported 407 tons of silver in May. This was nearly twice as much as in last May, as well as the largest quantity since December 2010.

Silver imports in the first five months of the year were thus a third higher than in the same period last year.

Platinum imports hit a 16-month high of 9.5 tons. By contrast, palladium imports were subdued at 1.3 tons, Commerzbank added. 

“We are therefore finding palladium’s significant outperformance of platinum increasingly difficult to understand,” Commerzbank noted.

Key Words:  China Silver imports