129809336191617500_1257Editor's Note: Silver Futures on Thursday officially, this is the first listed futures market this year new varieties. Silver Futures launched to stimulate the growth of silver investment demand, at the same time and make it easy for non-ferrous metals companies to hedge, and reduce business risk. News, on the a-share market, silver stocks such as yuguang gold and lead, such as ST shengda is ready. TheWell, there are several listed companies in production of silver? Silver unit which is the real thing? This week will provide you a detailed analysis of the focus. Silver Futures listed on 10th of 11 companies bullish on May 4, the Shanghai Futures Exchange (hereinafter referred to as "period"), silver futures contract was approved by the China Securities Regulatory Commission. This is the first listed futures market this year new varieties. Period on theSilver Futures on May 10 (Thursday) formally begin trading. Published by Silver standard contracts on display, Silver Futures to meet the national standard GB/T4135-2002IC-Ag99.99 regulations, silver for silver content of which is not less than 99.99% as a standard product, lots of 15 kilograms for trading unit, the smallest change in price per kg 1Yuan, maximum daily price fluctuation limit of not more than one trading day closing price on ± 5%, the minimum margin ratio for contracts with a value of 7%. To ensure a smooth run after the silver futures contracts traded, in the initial listing, Silver Futures trading margin received tentative contracts with a value of 10% per cent; limit move tentatively 7%, hang on downs stopping the tentativeLimit move twice, at the same time, transaction fees provisional turnover of 0.8 out of 10,000. First up for contract for September 2012. Analysts believe that Silver Futures coming soon, will stimulate the growth of silver investment demand, so good related listed companies. Statistics investment letters according to the journalists, silver listed companyThere are 11, silver production is top 5 companies yuguang gold and lead (691.47 tons), Tongling non-ferrous metal (412.08), Jiangxi copper industry (277.29 tons)
Rift CD-key, chihong zinc and germanium (180 tons), Lingnan (160 tons). Silver Futures for non-ferrous metals firms hedge volatile silver prices, this does notBut silver investors by surprise, silver was more seriously affected corporate management. Therefore, Silver Futures, to hedge risk in enterprise use, stable market prices of silver is more significant. "The introduction of Silver Futures for China's silver industry, especially for the silver by-product of copper and lead smelting enterprises of great significance. "China Nonferrous metals industry association President Wang Qinhua tableAs shown in the sequence of their listing will further improve China's non-ferrous metals futures, enhance the futures market service ability of non-ferrous metals industries, to promote stable and healthy development of China's non-ferrous metal industries will play an important role. In fact, in recent years, the white Bank of China has developed rapidly, 2011 silver production reached 12,000 tons, has for many years ranked first in the world. However, the price of silver at home and abroadVolatility lead smelting profit gradual shift to mine silver price fluctuations related to significant business risk, especially the silver-producing enterprises. In response, Zhang Jianhui, Director of Yunnan copper futures markets said: "China's silver prices essentially followed the London and New York markets and fluctuations, while international prices are often some speculative funds control, under the influence of outside marketsLarge, indirect interference and to contain the price of silver in China. "This caused the domestic silver price fluctuations are more severe in recent years, to the production, consumption, trade enterprises to bring the larger operational risks, the urgent needs of the market and related financial derivatives products. Silver listing company yuguang gold and lead (600,531) point: the country's largest manufacturer of silver yuguang gold and lead are the country's mostSilver production enterprise
SWTOR Credits, produces about proportion accounted for around 5.8%. Silver is the company's second-largest source of income, 2011 silver production reached 691.47 tons, silver share its main business of 34.87 after electrolytic lead of business 39.73%. "The market for Silver Futures, hedging platform for enterprises on the one hand, the other hand dropOf low business due to dramatic swings in prices and business risks. "Yuguang gold and lead, Deputy General Manager of Miao Hongqiang said, such as international silver continuous fall in April 25, 2011, 8 trading days, price from $ 49.81/ounce dropped to $/ounce, Shanghai gold exchange silver spot deferred transactions for a two-day drop, silver-producing enterpriseNo hedging, as the silver smelting 1-2 months cycle from ore to finished product needs, enterprises may have a huge moment loss, even suffered a fatal blow. Silver futures market allows companies to lock profits while strict hedging, avoiding price volatility risk, ensure the smooth operation of enterprises. Chihong zinc and germanium (600
SWTOR Power Leveling,497) watch: After taking margin the highest business and western part of Jiangxi copper industry and mining of silver yuguang gold and lead are similar, but compared to yuguang gold and lead, both silver production is slightly less of a listed company. To say who was on the silver most profitable, is not be the chihong zinc and germanium. Although Silver production is not large, but 2011 chihong zinc and germanium and after taking the product gross profit margin of up to 60.68%. "Walk-behind scrubber driersMacro Zn silver ingot of Germanium businesses more profitable compared to other companies, rising silver prices on its earnings contribution more notable. "One analyst pointed out. In addition, start 2011 chihong zinc and germanium's acquisition of 6 mines, has completed three of them, in the process of being implemented include Jin Xin da hinggan mountains of Tibet mining co Lake Mining mining industry, new barag right banner RdHolding power. After acquiring Rd mineral, control of reserves (amount of metal) will increase the total 951800 tons of lead and zinc, copper 49,200, 2,056-ton silver, Jin Xin reserves of molybdenum mining in daxinganling 1.1248 million tons. Simple calculation, after a series of acquisitions in 2011 to achieve a doubling of the reserves of the company. ST-Sheng(000603) aspect: after the reorganization can give AG reserves ST shengda predecessor ST weida, after reorganization, ST weida transformed into the hottest stocks of mineral resources, the company name changed to ST shengda. 2011 performance stood up, profits reached $ 0.88 per share, profit is $ 0.11 per share in the first quarter of this year. Best ofPipe bear ST, but no worry of delisting, this let ST shengda successfully avoided the disaster-the ST. Silver Futures news on Friday, ST shengda daily limit, closing at $ 27.43. Or heralded the silver futures market shares and futures of stronger market linkages. It is worth mentioning that, ST shengda guangfa securities analyst xiaozheng labeled "Unit's largest silver mine, enjoy high economy "label. ST shengda 2011 to complete the silver mines in Inner Mongolia after the acquisition of 62.96% shares of the company with limited liability, access to a wealth of silver reserves, expected a strong future growth, are expected to benefit from the introduction of silver futures. Listed securities company list securities code referred to as 2011 silver silver production (Tons) this year increase (%) 600,531 yuguang gold and lead 691.47 Tongling Nonferrous 412.08 Jiangxi copper 277.29 chihong zinc and germanium 25.63600497 gold in Lingnan160 zijin mining 128.65 146.72 West 12.59000603 ST Sheng Da 124 68 zhongjin gold 50.67 hengbang shares 49.18 Shandong gold 13.37 the investment letters from Guangzhou (editors: Zhang Lei)
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