BullionStar News
Writers Torgny Persson, Koos Jansen
& Hong Kang See

SGE Continues To Publish Withdrawals Figures?

Friday the 5th of February 2016
It seems the Shanghai Gold Exchange (SGE) is continuing to publish the amount of gold withdrawn from the vaults on a monthly basis. For the month of January “SGE withdrawals” accounted for 225 tonnes, down 1 % from December. After the first weekly SGE reports in 2016 did not disclose SGE withdrawal data and phone calls to the bourse in Shanghai answered these numbers would not be published anymore we can wonder why the Chinese have changed their stance.

It’s advised to have read The Chinese Gold Market Essentials Guide before you continue.

The SGE releases reports with trading data in several intervals in either English or Chinese. Until the last week of 2015 SGE withdrawals, a measure for Chinese wholesale gold demand, were published in the Chinese weekly and monthly reports. Then, an announcement published on the English website of the SGE on 11 January 2016 stated the “the Exchange has adjusted some terms in the Delivery Reports”.

This is where the confusion started because the SGE announced in English to adjust its nomenclature in the Chinese “Market Data Weekly Reports and Market Data Monthly Reports” – I cannot find the same announcement in Chinese. Their intensions were positive though, as there often has been disorientation regarding terms the SGE used inconsistently in the past. In example, the term “delivery”.

The announcement stated the SGE would adjust “distributing market data … effective as of Jan. 1st 2016 and are clarified as follows”:
1.The term “delivery amount” refers to the sum of the trading volume of physical products and the contract delivery... Continue Reading
By: Koos Jansen
BullionStar's Retail Bullion Shop, Showroom & Vault
Shop Address:
45 New Bridge Road
Singapore 059398

Opening Hours:
Mon - Thu: 11am - 7pm
Fri: 11am - 5pm
Sat: 10am - 2pm
Click here for more info
Featured Products
BullionStar Mint - Silver Bars with No Spread - 1 kg BullionStar Mint - Silver Bars with No Spread - 1 kg USD 561.45
BullionStar's own silver bar - No spread between the buy & sell price BUY NOW
Canadian Gold Maple 2016 - 1 oz Canadian Gold Maple 2016 - 1 oz USD 1,221.30
Canadian Gold Maple Leaf coins are considered some of the most beautiful Gold coins in the world. These Gold bullion coins appeal to investors and collectors worldwide for their beauty and purity. BUY NOW
Canadian Silver Maple 2016 - 1 oz Canadian Silver Maple 2016 - 1 oz USD 17.37
Produced by Royal Canadian Mint - The worlds second most minted silver bullion coin BUY NOW
Australian Silver Lunar Series 2016 - Year of the Monkey - 1 oz USD 29.08 BUY NOW
Australian Gold Lunar Series 2016 - Year of the Monkey - 1 oz USD 1,273.92 BUY NOW
Australian Gold Lunar Series 2016 - Year of the Monkey - 2 oz USD 2,557.83 BUY NOW
 
NEXT
Pick-up, Store or Ship
Delivery

It´s your metals - It's your choice. Pick-up your metals in our shop, store them in our vault or ship them to your delivery address.

Learn More
My Vault Storage®
Storage

"My Vault Storage®" is BullionStar’s solution for storage. Store your bullion fully allocated in one of the most stable and safe jurisdictions in the world – Singapore.

Learn More
How to Order from BullionStar

This guide provides you with information of how you place an order with BullionStar.

Learn More
Insurance & Protection

You can always feel safe whether you have your products shipped or stored with BullionStar. All products are fully insured in all instances.

Learn More
Ask a BullionStar Expert

Let our experts guide you in the world of precious metals.

Learn More
FAQ & Help
FAQ

Answers to your most frequent questions.

Learn More