Thursday, March 7, 2013

China Silver imports climb 36% y/y to 152 tons


Original source

LONDON (Commodity Online): Latest data suggests that silver imports by China rose by 36% y/y, the strongest growth rate since May 2010 in January. The country remains a net importer of silver by a sizeable magnitude of 152 tonnes.

This is according to data compiled by London based investment bank Barclays.

“It bodes well for silver that imports in powder form rose by a healthy 68% y/y and jewellery imports also recovered by 62% y/y after a weak 2012.” Barclays noted.

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