[SMM Power Market News] The results of Jiangsu Province's May centralized power market bidding were released. The total trading volume was 8.384 billion kWh at an average price of 338.07 yuan/megawatt hour, up 25.9% and 4.43% MoM respectively, showing an overall trend of rising volume and prices. Among them, wind power and PV recorded trading volumes and prices of 102 million kWh at 317.62 yuan/megawatt hour, and 61 million kWh at 314.53 yuan/megawatt hour, respectively. PV had the lowest price among all types of centralized power bidding. Thermal power trading still held an absolute dominant position (trading volume of 6.827 billion kWh at an average price of 340.66 yuan/megawatt hour). As operations across industries rebounded, prices showed a trend of fluctuations and rise.

This week, the premium in the silver ingot market continued to decline, consumption remained weak, registered warrants and bank floor-pricing gradually became the mainstream operations of suppliers, and silver ingot social inventory increased significantly.