Palladium futures dipped in New York on speculation that demand for the metals will remain slack because of a subdued recovery in the global economy. For full story, click here
NYMEX July platinum PLN9 reported to have finished down $28.70, or 2.3 percent, at $1,218.30 an ounce following Monday’s rally based on optimism related to China’s autocatalyst demand. For full story, click here
Palladium surged 10.3% in March, and by 3rd April reached $221/oz, its highest fix since September. Palladium has been boosted by glimmers of a recovery in its demand prospects. For full story, click here
What if demand destruction continues in the palladium market due to the auto industry? That’s a bit more difficult of an issue to tackle. For full story, click here
In the first six months of ’09, palladium’s value could range from $125 to $300 per ounce. The outlook for palladium is positive in some of its applications, however, a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the next six months.
The palladium market will be in surplus by 3.2 million oz and the demand is forecast to rise by 3.8 per cent to 7.19 million oz.. For full story, click here
Palladium inched up, tracking gains in gold, despite more bad news from the car industry, the main consumer of both metals. For full story, click here
The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here
Thursday, May 14, 2009