China has canceled export rebates for the processing of some non-ferrous metals since 15 July 2010. This policy coupled with high value-added tax rate challenges silver export.
How will the 12th five-year plan impact the silver industry? What adjustment should be made by enterprises on their sales strategy?
Demand
Silver demand increased on the recovery of world economy in 2010. The industrial use usually makes up 65% of the total silver consumption. However, new applications like solar cell will increase the number to 80%, which means that the silver consumption in crafts, jewelry and photosensitive materials will decrease. This will change the market pattern.
What changes will take place in Chinas silver consumption for industrial use in 2011? What opportunities will new industries bring about to the silver market?
Finance
The biggest hike of silver prices was 81.97% by 17 December, larger than the 30.42% rise of gold prices. Silver futures will emerge in China sooner or later, challenging the current trade and investment patterns. The financial attribute of silver will make it a hot commodity.
What’s the trend of silver market in 2011? Will silver futures stimulate market speculation?
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