Last Updated : July 07, 2011 11:06
Platinum, palladium to resume uptrend soon
By Allen Sykora Commerzbank looks for
Platinum to rise into year-end. These markets “tightened considerably” last year due to a rebound in demand following the recession-related weakness of the previous year.
“The positive demand trend, based on auto catalysts and ETF demand, is likely to continue this year,” Commerzbank says in a special report on PGMs. “Furthermore, there are still considerable supply-side risks for both
Platinum and palladium.
Consequently, in our view, prices are likely to resume their upward trend soon.” For platinum, the bank’s average forecasts are $1,800 for the third quarter, $1,900 for the fourth and $1,950 in the first quarter of 2012.
For palladium, the average forecasts are $800 for the third quarter, $875 in the fourth and $900 in the first quarter.
By Allen Sykora of Kitco News; asykora@kitco.com
NCDEX GARSEDJDRJUL12 20 July 2012
contract was trading at
Rs 0 . What's your view on it?
