Shanghai Gold Exchange Withdrawals.
Shanghai Gold Exchange January withdrawals were 225.801 tonnes of gold.
January 2016 gold withdrawals were 11.8% lower compared to 255.422 tonnes withdrawn in January 2015.
Shanghai Silver Exchange January withdrawals were 33.695 tonnes.
Hong Kong gold kilobar withdrawals are 1,019 tonnes since March 2015.
Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) delivered 225.801 tonnes of gold during the month of January 2016 down about 1% from deliveries in December 2015 and down nearly 12% from January 2015.
According to Nick Laird of Sharelynx the Shanghai Gold Exchange reported withdrawals on a monthly basis for January. Going forward we will be replacing the weekly chart like the one below with a monthly chart (if the SGE continues to report withdrawals on a monthly basis).
Shanghai Gold Exchange withdrawals in 2015 were 2,597 tonnes
2015 Withdrawals vs. Prior Years
Withdrawals on the Shanghai Gold Exchange in 2015 were 23.5% higher than 2014 and 19.07% higher than prior record year 2013.
COMEX Hong Kong Gold Kilobar Withdrawals Through February 4, 2016
The Chicago Mercantile Exchange futures contract for Hong Kong Kilobars has experienced withdrawls of an average of more than six tons of gold a day since it began in mid March last year. As of February 4, 2016, over 1,019 tonnes of gold have been withdrawn pursuant to this program since March 2015 for an annualized run rate of about 1,200 tonnes of gold a year.
Comex Hong Kong gold kilo bar withdrawals have passed 1,019 tonnes since March 2015.
2015 and November 2015 Shanghai Gold Exchange Withdrawals vs. COMEX 2015 Gold Deliveries
The chart below demonstrates the difference between the Shanghai Gold Exchange and the COMEX gold futures market. The former is a physical gold market while the latter is a paper/digital contract market where physical gold delivery is rarely made.
Just over 43 tonnes of gold have been delivered on COMEX in 2015 (through November).
Average weekly Shanghai Gold Exchange withdrawals in 2015 were 49.94 tonnes vs 43.54 tonnes delivered all year on COMEX.
Shanghai Gold Exchange Gold Fix Coming in 2016
Later this year a new Yuan based gold fix with be launched via the Shanghai Gold Exchange.
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Shanghai Gold Exchange Data source GoldMinerPulse
Further Reading:
Shanghai Gold Exchange Withdrawals (weekly archive)
Chinese Gold Reserves (monthly archive)
Comex Gold Deliveries vs the Shanghai Gold Exchange
Gold Continues its Journey From West To East
Shanghai Gold Exchange vs Comex Gold Deliveries
Gold ETF Holdings vs the Shanghai Gold Exchange
Gold and Silver Price Manipulation – Suspected
Gold and Silver Price Manipulation – Actual
Gold Reserves by Country – Top Twenty
Gold Moves West to East Part 1
Gold Moves West to East Part 2
Chinese vs. United States Gold Demand
China Hoards its Gold Production
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