Importation of Gold in China!

Importation of Gold in China! 

Net imports Golden China from Hong Kong fell slightly in September but overall are considered strong , with an investment bank citing as an example of the ongoing transition to a higher demand in the country the East than in the West. Shipments to China from Hong Kong were 116.3 tonnes in September , exports to Hong Kong 6.9. That left net imports of 109.4 metric tons, down 0.7% from 110.2 the previous month, according to press reports . " Month after month data show that small changes are not really significant . What matters is the trend over a long period ... ," said Jeffrey Nichols , Managing Director of American Precious Metals Advisors and Advisor main economic to Rosland Capital. China " has become in recent years may be the major factor in the physical market and is likely to remain or become even more - . In the years to come"

 Beijing government

The Chinese government does not release the actual statistics for imports in mainland China. As a result , analysts monitor Census Hong Kong and statistics in order to measure the flow of gold in China. "It was ... the fifth consecutive show net imports of more than 100 tons " month, said Commerzbank . reports peg net imports to 826 tonnes so far this year , double the first nine months of 2012. Commerzbank said Chinese imports far exceeded the output of products traded in global stock market gold , it lists, in a little less than 703 metric tons in the first nine months of the year. "This is further evidence that the demand for gold is moving from West to East ," said Commerzbank  source


 Many analysts believe that the data support the idea that China will overtake India as the world 's largest consumer of gold in 2013. While Chinese demand has been strong for most of the year, imports from India have been reported softer in response to government efforts to limit the input of metal to reduce the large current account deficit . "With what is happening in India right now , China is by far the largest importer ," said Afshin Nabavi , head of trading with MKS (Switzerland) SA . " Remember, they ( the Chinese) are also production themselves inside that is consumed by them. " Traders will be watching closely the October data when it is released to see if a slowdown in Chinese imports is observed. The Chinese market was closed for a week stretch during the Golden Week holiday , Nabavi said. In addition, many analysts believe that the activity in China was duller at the end of October, with softer premiums earlier this year. " It will be interesting to see what the numbers we have in October ," said Nabavi . Nichols pointed out, however, that lower premiums are not necessarily an indicator of the decline in domestic demand in China .
source http://machine-technologie.blogspot.com/2013/11/lor-en-chine-en-2013.html

 The government has taken measures

 "The government has taken measures , in a sense, to provide more supply on the domestic market, increasing the number of banks and financial companies that are authorized to import gold," he said . "They somehow grease the wheels a little more to improve the possibility of large bonuses again. " He said Chinese supplies are probably rising, mine production and scrap metal . This means that consumption especially strong if the country imports metal at the same time . In addition, it is likely that more metal than reported circulating in the country via smuggling across the major border " porous ", especially when premiums are high, Nichols said. And , he said , the central bank countries is thought to be adding to its gold reserves , and this result can be held in deposits with other central banks and therefore not included in the import statistics . Nichols suggested that the government may try to encourage the demand for private investment while minimizing the impact of energy prices on the world market . " He wants to buy cheap gold rather than prices that would certainly be higher if people gave adequate recognition to strong demand from China ," said Nichols . He added : " Intuitively, I feel that Chinese demand is very strong, will remain strong over the long term and become a factor more important in setting the prices on world markets. "

source
http://www.kitco.com/