On October 27th, the 2020 China International Silver Industry chain Summit Forum and China Silver Market Application Symposium held by SMM was solemnly held in Suzhou, Jiangsu Province. SMM brings together the upstream and downstream customers of the whole silver industry chain to create a silver event in China. This forum brings together friends in various fields, such as silver smelting, silver ingot processing enterprises, traders, silver deep processing enterprises, terminal enterprises, investment institutions, scientific research institutions, and so on, to discuss hot topics in the silver market with you. To provide you with more market winds and business opportunities.
Speech at the conference
"Click online to listen to Ma Qiong, Executive Director of SMM.
Guest speaker
Theme of the speech: where is the Silver Road approaching the US Election-Silver Market trend and Price Analysis
Xue Na, Senior analyst of Precious Metals in South China Futures
"Click online to listen to Xue Na's live speech.
[silver supply and demand and commodity attributes] Xue Na said that from the historical data, the correlation between silver price and fundamentals is not high. At the same time, silver exchange inventories are near their highest level since the 1970s, but silver prices have not fallen to their lowest level in 70 years.
[silver future outlook] at present, macro risk events occur frequently, and there are many factors affecting the trend of silver prices. Outbreaks are still under way in the United States and Europe. And the law of the ratio of gold to silver has changed greatly, and the trend has fluctuated sharply recently. At the same time, the RMB exchange rate also has a certain impact on domestic gold and silver.
[expert practical Information] where is the Silver Road approaching the US Election-Silver Market trend and Price Analysis
Topic: application and Research of Silver Powder / Silver paste in the Field of Solar Photovoltaic
Wang Hui, Professor, School of Chemistry and Materials, Northwestern University
Graphene has many excellent properties: thinnest, highest electron mobility, lowest resistivity, excellent optical transmittance, high elasticity, high hardness, high compactness and high stability, and is the highest strength material in the world.
Innovation and discovery: the introduction of graphene into silver powder silver paste material for solar cells can improve the theoretical value of photoelectric conversion efficiency by about 29% and improve the properties of silver powder, such as activity, dispersion and so on.
Lecture topic: application case sharing of 5G Conductive shielding Materials
Yin Wengang, Managing Director of China Konatong Co., Ltd. / Moore Materials Research Institute
Yin Wengang shared several application cases of 5G conductive shielding materials at the meeting, in which the conformal shielding (Conformal shielding), completely fuses the shielding layer and the package, and the module itself has the shielding function. After the chip is mounted on the PCB, it no longer needs additional shielding and does not occupy additional equipment space, achieving the purpose of highly integrated, thin and short.
The main processes of conformal shielding are electroplating and PVD, spraying.
Lecture topic: application of Conductive Silver paste in flexible Printing Electronics
Zhou Chunshan, researcher, Suzhou Institute of Nanotechnology and Nano Bionics, Chinese Academy of Sciences
"Click to listen to Zhou Chunshan's live speech online.
Zhou Chunshan said that compared with traditional technology, printing electronic technology has many advantages: simple process and less working procedures; new products and new applications (traditional technology cannot be realized); increased material manufacturing (environmental protection, no pollution); low cost (simple process and high production efficiency); flexibility (suitable for all kinds of substrates) and large area (roll-to-roll printing production).
[flexible screen printing conductive silver paste] Nano-scale silver paste can reduce the sintering temperature to the temperature tolerated by ordinary plastic or even paper, which really opens the door for printing electrons to large area, flexible and low-cost electronic systems. The main characteristics of screen printing silver paste are as follows: high electrical conductivity, low treatment temperature, good adhesion, 5B with PET and paper materials, good printability, smooth edge of printing line, smooth surface, and a printing thickness of about 8m, the cost is relatively low. It can be used in flexible thin film circuit to manufacture intelligent carpet, flexible keyboard circuit, medical flexible electrode circuit and so on.
Application of Conductive Silver paste in flexible Printing Electronics
Afternoon Shows
Lecture topic: research on industrialization Technology of Superfine Silver-coated Copper Powder
Hu Xiaobin, doctoral supervisor of Shanghai Jiaotong University
"Click to listen to the live speech online.
Hu Xiaobin said that silver is a commonly used electronic material with good electrical conductivity and thermal conductivity, but the price of silver is high, rigid and fluctuating; copper also has good electrical and thermal conductivity and low price, which has a huge price advantage compared with silver. However, the oxidation resistance of copper is poor, especially micron and submicron copper powder, which is chemically unstable, which is more obvious at wet and high temperature, which can not meet the requirements of electronic paste.
The purpose of developing silver-coated copper ultra-fine powder is to replace silver powder: it can not only meet the requirements of electronic paste, but also has a huge price competitive advantage.
[coating idea] the morphology of copper particles has an important influence on the coating. The more nanocrystalline and atomized the coated particles are, the denser the coating layer is, which can provide higher temperature resistance. The finer the coating layer is, the closer the particles are to the color of copper, which can be used to judge the coating quality. And the higher the sintering temperature, the thicker the coating.
"[Baiyin Conference] Industry Analysis of Photovoltaic Electronic Materials with Superfine Silver-coated Copper Powder
Topic of the speech: challenges and opportunities for electronic paste manufacturers in the new situation
Huang Zhai, General Manager of Beijing Helichi Technology Co., Ltd.
Huang Zhai, general manager of Beijing Helipao Technology Co., Ltd.: it is estimated that by 2022, the whole industry scale of precious metals will reach 554.935 billion yuan, and the market size of industrial precious metals is expected to exceed 200 billion yuan. The size of the global silver market is expected to reach 154.8 billion yuan in 2022, of which the industrial demand ratio is 66%. In 2020, electronic paste manufacturers will have new opportunities for the substitution of imported products, a surge in the types of electronic products and a substantial increase in the price of precious metals. In addition, the opportunities for electronic paste manufacturers also exist in the fields of 5G construction and application, semiconductor material development, military industry and so on.
[SMM meeting] challenges and opportunities faced by electronic paste manufacturers with a substantial increase in the proportion of silver used in industry
Theme of the speech: greet the era of Photovoltaic parity-Industry Research and Prospect of Silver paste Industry
Deng Yongkang, Chief analyst of New Energy at Anxin Securities
"Click to listen to the live speech online.
Deng Yongkang pointed out that the dependence on subsidies has been reduced, and China has entered a countdown to parity. In 2020, the state subsidized bidding for photovoltaic projects totaled 25.96GW, an increase of 14% over the same period last year. On June 28, 2020, the National Energy Administration announced the results of the 2020 photovoltaic bidding project, the total bidding scale reached 25.96GW, an increase of 14% over the same period last year, and the bidding scale exceeded market expectations. From the perspective of kilowatt-hour subsidies, the weighted average kilowatt-hour subsidy intensity of bidding projects this year is about 0.033 yuan / kWh, which is significantly lower than the 0.065 yuan / kWh in 2019, and the minimum subsidy intensity for a single project is only 0.0001 yuan / kWh. Photovoltaic dependence on subsidies has been greatly reduced.
The impact of the overseas epidemic has passed, and the medium-and long-term trend is improving. Judging from the component shipments / exports in the first three quarters of 2020 and the installed capacity of major countries, Deng Yongkang's team expects the global photovoltaic installed capacity to reach 120GW in 2020, an increase of 4.3% over the same period last year, of which about 40GW is installed domestically and about 80GW is installed overseas. In 2021, the scale of global photovoltaic installation is expected to reach 160GW (40-50GW in China and 100-120GW overseas), an increase of 33% over the same period last year.
"[Silver Conference] greets the era of Photovoltaic parity-Industry Research and judgment and Silver paste Industry Prospect
Topic: development status and Future trend of Silver-based Electrical contact Materials
Song Zhenyang, Technical Director / Research Director of Fuda Alloy New Materials Co., Ltd.
"Click to listen to the live speech of the meeting online.
[general situation of Electrical contact Materials Industry] Song Zhenyang first introduced low-voltage electrical appliances, which manually or automatically turn on and off circuits according to external signals and requirements. a component or equipment that switches, controls, protects, detects, transforms and adjusts circuits or non-electrical objects. According to its working voltage, the control appliances can be divided into two categories: high voltage control appliances and low voltage control appliances with AC 1200V and DC 1500V as the boundary. Generally speaking, low-voltage electrical appliances can be divided into two categories: distribution appliances and control appliances, which are the basic components of complete sets of electrical equipment.
[silver consumption] from the point of view of the amount of silver used in the industry, the total production of low-voltage electrical contact materials in recent years exceeded 2000 tons in 2019, and the output of key products such as silver tin oxide, fine-grained nickel-carbon-tungsten and other key products increased slightly or remained the same.
[SMM meeting] Development status and trend of Silver-based Electrical contact Materials the situation faced by Electrical Alloys during the 14th five-year Plan
Topic: application of Financial Instruments in risk Management of Baiyin Enterprises
Li Xiaojie, researcher of precious metals in Hongyuan Futures
"Click online to listen to the guest's speech on the spot.
Li Xiaojie pointed out that precious metal assets are volatile, such as gold volatility and silver volatility. He believes that high volatility will be the norm for some time to come, so it is necessary to carry out risk management. And the metal price trend has a cyclical nature, in the current cycle, the epidemic situation, the expected speed of economic recovery and other factors will affect the price of precious metals.
In order to hedge the risk, we can choose financial derivatives such as futures / forwards. For example, we can sell put options to reduce procurement costs, sell call options to reduce inventory costs, buy call options to lock in the risk of rising raw materials, buy put options to lock in the risk of product sales, and so on.
[SMM meeting] Silver enterprise risk management must understand these financial instruments
Speech topic: key points of attention and Market Prospect of Precious Metals
Chief researcher of Huatai Futures Precious Metals Shi Orange
[key points of attention to Precious Metals] Shi Orange pointed out that the main points of concern for precious metals are gold prices and real interest rates, expectations of changes in nominal interest rates, Fed balance sheet and the size of global negative interest rate bonds, subjects related to the open market business of the ECB, the impact of expected changes in exchange rates, the measurement of risk aversion sentiment, positions and other factors.
[outlook for the future] Shi Orange believes that the probability that low interest rates and unprecedented QE around the world will continue is still high, and the size of global negative interest rate bonds continues to rise. Although Federal Reserve Chairman Powell opposed the implementation of negative interest rates in his speech, he also made it clear that the Federal Reserve still has this adequate open market tool. And if the Fed again exposes measures such as the yield curve to control (YCC) in the future, it will become a new tipping point for the market.
[SMM meeting] Precious metals market is mainly focused on these factors to guard against a new round of tipping point!
Tea break communication
During the afternoon speech, SMM meticulously arranged 30 minutes for guests to exchange business cards and discuss cooperation face-to-face, and the supply and demand wall of the industrial chain was placed on the spot, providing the supply and demand information of the major participating enterprises and providing you with an efficient trading platform. Some enterprise representatives at the scene to introduce their own business situation and supply and demand information, so that more enterprises understand and accurate speed match to partners!
This summit has come to a successful conclusion! Thank you for your attention. I'll see you next time!
Thanks: Jiangxi Copper lead-Zinc Metal Co., Ltd., Ningbo Baodi plastic Valve Co., Ltd., Zhejiang Hongda New material Development Co., Ltd.
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