SMM Data: China Silver Nitrate Production in November

Published: Dec 10, 2024 10:15

Source: SMM

Save

In November, silver nitrate production increased significantly, closely related to prices and demand.

In November, silver nitrate production increased significantly, closely related to prices and demand. Prices: In November, due to the cooling of the war and the US elections, the market engaged in Trump trades, slowing the pace of interest rate cuts, which was favorable for the US dollar and bearish for silver. Therefore, the decline in silver prices stimulated downstream procurement and consumption. Demand: 1. The natural production days in November were more than in October, increasing rigid demand. 2. Due to downstream shutdowns and holidays in October, but continued terminal procurement and consumption, all links emptied inventories, coupled with favorable silver prices in November, leading to downstream procurement of orders. 3. Downstream enterprises focused on efficiency, slightly increasing unit consumption and raw material usage.

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

22 hours ago

Feb 6, 2026 15:36

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

Feb 6, 2026 15:36

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18