Imports Of Silver Powder Decreased in April

The total import of silver powder in April was 135 mt, a decrease of 42% month-on-month and a decrease of 35% year-on-year; among them, the import volume of flake silver powder was 6.1 mt, an increase of 32.6% month-on-month and a decrease of 17.6% year-on-year.

The import volume of non-flaky silver powder was 129 mt, a decrease of 43% month-on-month and a decrease of 36% year-on-year.

The collapse of the US banks at the end of March increased risk aversion sentiment. This, combined with the market’s expectations of the Federal Reserve’s interest rate cuts, pushed the price of silver higher. The price of silver rose until mid-April. The purchase sentiment in China was not strong. This resulted in a decrease in imports in April, and domestic producers produced with inventories.

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