#platinum prices

[pgm-recovery-systems]

Cheer up, #PGM prices are not at bad as you think. In 2016 #palladium hit a low in June of $530 an ounce and ended the year around $578 ounce. That was a tough market to survive in. #Platinum was at $997 ounce in June 2016, it ended the year at $898. Today with palladium and #rhodium strong it compensates for a weaker platinum price. We find that hedging throughout the year instead of trying to catch an up market seems to balance out. Companies that need cash flow should not gamble with market moves since they can hold and find they have to sell at a lower price because the market dropped and they are desperate for cash flow. https://pgmrecoverysystems.com

[pgm-recovery-systems]

Catalytic Converter Recycling Industry 2018| PGM Recovery Systems

There are a couple factors we like to consider when analyzing the O2 sensor and catalytic converter recycling industry. Platinum, Rhodium and Palladium prices (mainly platinum and palladium). And the automotive industry trends i.e. % of EV (electric vehicles).

Get the latest projections on the O2 sensor and catalytic converter recycling industries.

[pgm-recovery-systems]

"Commerzbank sees limited potential for #platinumprices to recover in 2018 and looks for a fall in #palladium in the second half of the year. Analysts see #platinum averaging $925 an ounce in the second quarter and then $975 in the third and fourth quarters. #Palladiumprices were forecast to average $975 in the second quarter but $950 in the third and fourth quarters." #RecycleCatalyticConverters with us PGM Recovery Systems, LLC​  to get the highest achievable value for your #catalyticconverters. https://pgmrecoverysystems.com/catalytic-converter-recycling/

[plfmarkets]

Platinum Prices expected to Surge due to High Demand while Supply tumbles

World Platinum Investment Council adjusted the supply deficit of platinum forecast for 2016 with an increase of up to 16% or 65,000 ounces to 520,000 ounces, according to the latest quarterly report. This year is set to the fifth annual year of market shortages for platinum, mainly used in jewellery and autocatalysts.

Total demand for 2016 was expected to increase 8.25m ounces compare to the previous year. The total investment demand is forecasted at 350,000 ounces, up 45,000 as platinum bar and coin demand remains strong. Jewellery demand expected to surged way more that the increase from last year, this is due to the growth in India, the US and Western Europe offsetting declines in China and Japan, according to the WPIC.

However, the annual supply from South Africa has fallen from a peak of nearly 6 million ounces a decade ago to an expected 4.2 million ounces this year. The total mining supply was forecast to fall 3% to just under 6m ounces.

South African mine production figures for July released yesterday showed PGM output fell by 10.8% compared to June and 8.2% year on year as miners close down unprofitable mines and safety stoppages halt operations.

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[gershonposts]

Platinum Prices expected to Average $1,220/oz in 2015, down from January Forecast of $1,309/oz-Reuters Poll

PLATINUM PRICES EXPECTED TO AVERAGE $1,220/OZ IN 2015, DOWN FROM JANUARY FORECAST OF $1,309/OZ-REUTERS POLL The material has been provided by InstaForex Company – www.instaforex.com

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