China April Silver Nitrate Output and Forecast for May

SHANGHAI, May 10 (SMM) - The domestic silver nitrate plants with sales qualification together produced 561 mt of silver nitrate in April, down 14.7% MoM. The total output of silver nitrate nationwide stood at 591 mt. Silver prices kept rising in early April, deterring downstream enterprises from purchasing. Falling domestic orders and rising silver prices drove silver nitrate producers to lower their production.

Silver powder producers are still trying to seize market share in TOPCON cell market. The unit consumption of solar cells is gradually falling. SMM sees stable silver nitrate output in May.