Latest Update in the China Silver Market

The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 19, 2021

The dollar fell to a four-week low against a basket of currencies on Friday, still smarting from a sharp drop in U.S. Treasury yields the previous session, and as investors increasingly bought into the Federal Reserve’s insistence it would keep an accommodative policy stance for a while longer.

Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port declined 3,000 mt from the prior week to 47,000 mt as of Friday Apr 16, SMM data showed.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 16, 2021

The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 15, 2021

Sterling hit a one-week high against the dollar on Wednesday, supported by the speed of Britain’s vaccine rollout and recovering from a dip the previous day that was triggered by the resignation of the Bank of England’s chief economist.