Since October 31, 2008 732.50 reach $5 years, the lowest price is already close to double platinum rose nearly 60% in 2009. Palladium on December 5, touching $157 low in more than five years, 2009 is more than 100 years. Recent inflation concerns for market, investors have to rush to precious metals, necessity, since the late December, platinum and palladium has been rising 18% and 32% respectively. But only about 5% of the gold price rise, silver 10% rise.
On January 8, platinum and palladium ETFs in nyse listing, platinum and palladium price is rising will push a step, 19, the two metal to refresh record, including more than 1 year reach the highest platinum on Tuesday 17 months 1639.00 - $record, $460.25 reach the highest palladium, since July for 2008.
Supply:
Platinum and palladium and gold, is the world's most precious and rare world only one of North America, Russia, and South Africa, South Africa accounted for a few countries produced by 3/4, but output increased costs rise, grant, South Africa corresponding reduced supplies. Initial production is expected to decline in South Africa, 2009. 2009 platinum surplus for about 390,000 ounces, palladium earnings estimates in 175,000 near ounces.
The international famous platinum production suppliers - British Johnson matthey (jm) has issued by the platinum 2009 medium-term yearbook display, despite the potential of platinum mineral production decline in 2009, but global platinum market will appear 4.3 tons of small oversupply. This will be the last three years, since the first appeared in the market supply of platinum.
Requirements:
Industry: platinum and palladium demand, especially large dosage of industrial special automobile industry, almost 50% of the amount of platinum industry. Along with the global economy gets warmer, automobile industry and other industries to platinum demand will restore somewhat, but platinum supplies may not achieve the same amplitude of ascension. Therefore, the future market or will enter a platinum shortage of mild, 2010 global platinum market supply will be tight.
Jewelry demand in China and India: jewelry demand is big, the financial crisis, platinum prices plunged jewelry industry in China, which rose to purchase. Especially during the first half of 2009, low price in succession to the platinum industry updated and expanded inventory. Meanwhile, profits growth also attracted new producers and distributors into the industry. Platinum jewelry retail price, the lower the purchasing power of consumer appears strong growth.
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