China’s SGE Gold Withdrawals still slipping but up year to date

The latest figures for Shanghai gold withdrawals in November have now been released and they are down a little on 2017 and a bit more on 2016, but the cumulative year to date figures are still up:

Table: SGE Monthly Gold Withdrawals (Tonnes)

Month   2018 2017 2016 % change 2017-2018 % change     2016-2018
January   223.58 184.41 225.08 +21.2%  -0.7%
February*   118.42 148.24 107.60 -20.1% +10.7%
March  192.61  192.25 183.24  +0.2%  +5.1%
April  212.64  165.78 171.40  +28.3% +24.1%
May  150.58  138.08 147.28  +9.1%  +2.2%
June  140.59  155.51 138.51  -9.6%  +1.5%
July 137.41  144.71 117.58  -5.0%  +16.9%
August  190.59  161.41 144.44 +18.1%  +32.0%
September  188.12  214.24 170.90  -12.2%  +10.1%
October*  142.94  151.54  153.25  -5.7%  -6.7%
November  179.08  189.10  214.72   -5.3%  -16.6%
December  185.21  196.37
Year to date 1,876.58 1,845.34 1,774.00 +  1.7% +5.8%
Full Year  2,030.48  1,970.37

Source: Shanghai Gold Exchange.  Lawrieongold.com

* Months include week long New Year and Golden Week holiday periods

For additional comment on the above click on the below link to my article on the sharps Pixley website:

Chinese gold demand slipping – but still up y-o-y

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