Source: People's Daily Overseas Edition
Beijing, April 29 (Reporter Li Jie) China gold The Association recently released data: in the first quarter, the country produced 139.184 tons of gold, and the gold consumption reached 308.905 tons, both achieving year-on-year growth.
In terms of production, in the first quarter, the output of domestic raw gold was 85.959 tons, up 1.16% year on year, of which 60.191 tons were gold minerals and 25.768 tons were nonferrous by-products. In addition, the gold production of imported raw materials in the first quarter was 53.225 tons, up 78% year on year. If this part of imported raw materials was added, the national gold production was 139.184 tons, up 21.16% year on year.
"In the first quarter, Huang Gold price The strong rise of Georgia has brought new development opportunities for gold enterprises. " According to the analysis of China Gold Association, with the rapid rise of gold price and the relative stability of production and operation costs, the profit space of enterprises has increased, and gold mining enterprises have strengthened their willingness to carry out geological exploration and infrastructure technology reform, so as to maximize the use of gold resources, and gold production has further increased. The rise in gold prices also prompted smelting enterprises to increase the purchase of imported gold raw materials, and the production of gold from imported raw materials increased significantly. In the first quarter, the mineral gold output of mines in large gold enterprises (groups) was 32.011 tons, accounting for 53.18% of the country. Overseas mines of Zijin Mining, Shandong Gold, Chifeng Gold and other enterprises achieved 16.339 tons of mineral gold output, up 13.50% year on year.
Looking at consumption, in the first quarter, the national gold consumption was 308.905 tons, up 5.94% year on year. Among them, 183.922 tons of gold jewelry, down 3% year on year; 106.323 tons of gold bars and coins, up 26.77% year on year; 18.660 tons of industrial and other gold was used, up 3.09% year on year. According to the analysis of China Gold Association, the high gold price has two impacts on gold consumption. On the one hand, the rapidly rising gold price, together with factors such as gold jewelry processing fees and brand premium, has increased the wait-and-see mood of consumers, curbed gold jewelry consumption to a certain extent, and increased retail sales pressure. On the other hand, due to the surge in risk aversion demand, physical gold investment received high attention, and the consumption of gold bars and gold coins with relatively low premiums rose sharply.
Over the same period, the cumulative turnover of all gold varieties in the Shanghai Gold Exchange was 15300 tons on both sides (7600 tons on one side), up 32.29% year on year, with a bilateral turnover of 749 trillion yuan (3.74 trillion yuan on one side), up 54.73% year on year. Since March, the price of gold has risen rapidly and the trading volume has risen sharply month on month.
Since this year, central banks have continued to increase their holdings of gold, and the price of gold has risen strongly, breaking new historical highs. The closing price of Au9999 gold in Shanghai Gold Exchange at the end of March was 527.54 yuan/g, 9.72% higher than the opening price at the beginning of the year. The weighted average price in the first quarter was 487.11 yuan/g, 16.02% higher than the same period of the previous year. In the first quarter, China accumulatively increased its gold holdings by 27.06 tons, and by the end of March, its gold reserves were 2262.47 tons.
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