Latest Update in the China Silver Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 7, 2020

Social inventories of silicon metal in China edged higher this week as active restocking by traders led to shipments from silicon plants to social warehouses.

Nonferrous metals rose for the most part, and glod prices scaled new heights on Thursday. 

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 6, 2020

Jupiter’s offered South African semi-carbonate manganese ore with 36.5% Mn, for September delivery to China, at $38.5/mtu, SMM learned.

Nonferrous metals broadly roes, gold prices broke through the $2,050 mark.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 5, 2020

Gold prices soared past the key $2,000 mark for the first time in history on Tuesday, as the ultra-low interest rate environment and hopes for more US stimulus to safeguard the coronavirus-hit economy embellished the safe-haven metals appeal.