China News Service, Beijing, February 1 (Reporter Liu Yuying) The latest statistics released by the China Gold Association on the 1st show that in 2020, the domestic raw material gold production was 365.34 tons, a 14.88 tons reduction compared with the same period in 2019, a year-on-year decrease of 3.91 %.
Among them, 301.69 tons of gold from gold mines and 63.65 tons of non-ferrous by-product gold were completed.
In the first quarter of 2020, due to the impact of the new crown pneumonia epidemic, domestic gold production fell sharply by 10.93% year-on-year. Hubei Province basically stopped production, and key gold-producing provinces such as Shandong and Henan were also greatly affected.
With the gradual effective control of the domestic epidemic and the rising fluctuation of gold prices, the production and operation of the gold industry has gradually improved. Since the second quarter, gold production has gradually increased from the previous quarter, and the fourth quarter increased by 10.29%.
Affected by the global spread of the new crown pneumonia epidemic, the supply of imported gold raw materials has tightened.
In 2020, the gold produced by imported raw materials was 114.16 tons, a year-on-year decrease of 5.02%. If the gold produced by imported raw materials were added, the country's total production of gold was 479.50 tons, a year-on-year decrease of 4.18%.
In 2020, the actual national gold consumption was 820.98 tons, a decrease of 18.13% compared with the same period in 2019.
Among them: 490.58 tons of gold jewelry, down 27.45% year-on-year; 246.59 tons of gold bars and gold coins, up 9.21% year-on-year; 83.81 tons of industrial and other gold, down 16.81% year-on-year.
The new crown pneumonia epidemic broke out at the beginning of the year. The country quickly adopted strict prevention and control measures. The production, processing and retail of gold jewelry and gold bars were greatly affected. In the first quarter, gold consumption fell by 48.20% year-on-year. As the domestic epidemic prevention and control situation improved and the economy Continuous and stable recovery, gold consumption steadily rebounded.
In particular, some gold retail companies have opened new markets online and achieved outstanding sales. However, due to the low online sales base, they still cannot compensate for the decline in store sales.
The huge fluctuations in gold prices and loose monetary policy aroused the attention of private investors to gold. In the second half of the year, the consumption of gold bars and gold coins increased by 50.91% compared with the same period of the previous year, which reversed the consumption trend of gold bars and gold coins throughout the year.
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