Packers Kampman Green Jersey

Packers Kampman Green Jersey -

In 2008, output of Chinese silver ranked the first all over the world with 9,587 tons, increasing by 5.45% YOY. The growth rate decreased compared with over 20% in previous five years. Meanwhile, there is no change in distribution of domestic silver. Most are spin-offs from copper, lead or zinc. Others are from regeneration or independent silver ores.

In 2008, main Packers Kampman Green Jersey provinces for silver production were Hunan, Henan, Yunnan and Jiangxi. Enterprises ranking top four in output were Yuguang Gold and Lead Group, Yunnan Copper, Xinda Silver Industry, Chenzhou City Jingui Silver Industry.

In 2008, export quota of silver was 4,800 tons. On August 1st, 2008, the 5% export rebate was eliminated. Affected by rebate elimination and price decrease, export volume was 4,043 tons, 441 tons less than in 2007.

Silver powder import increased to 1,511 tons in 2008, rising by 54.34% YOY. Import of silver concentrate reached 70,100 tons, declining by 62.84% YOY.

In 2008, there was no great change in Chinese sliver consumption structure compared with 2007. The consumption reached 4,500 tons. The growth rate of consumption exceeded 10% for years.

Silver Packers Kampman Green Jersey price trend depends Packers Kampman Green Jersey on two factors: investment/speculation demand of silver as a product and demand & supply of silver. Investment demand is closely related to global financial liquidity (inflation level) and USD trend. It is predicted that the global investment demand is low in 2009. As to demand & supply of silver, it is estimated that supply exceeds demand in 2009; in 2010, price will benefit from the huge export decrease of Chinese primary silver.

In 2007, 51% of silver demand was from industrial fields, including electricity, electronics, silver based solder, etc. Benefitted from global economy booming, silver demand from industrial fields was in stable increase in the past six years. Compound annual growth rate (CAGR) was 5.2%. It is estimated that demand from industrial fields will decline by 3%-5% affected by global financial crisis in 2009. In 2007, consumption demand (photography, jewelry, silverwares, silver coins and medals) took up 43% of the aggregate demand. Due to the decreasing demand from photography, declining tendency of total silver consumption demand could not be got rid off in a short period.