platinum demand 2019shinedown attention attention
surplus of 345 koz from the previously forecast surplus of 375 koz.In Q2’19 refining of some of built-up pipeline stocks and higher autocatalyst recycling led to a surplus of 220 koz.
data to investors. Q2’19 industrial demand was up slightly compared to Q2’18 as growth in demand for platinum in chemical catalysts and glass manufacturing was offset by a decline in the other industrial demand segment.“Today’s report shows continued investment demand growth, driven by investor recognition of platinum’s demand and price growth potential. Total platinum supply is expected to rise by 4% this year but growth is mostly due to the refining of mined metal built up in the processing pipeline in South Africa in 2018. gives a view of the global above ground stocks of platinum The phasing in of China VI standards for heavy-duty vehicles drives an increase in loadings that outweighs the expected decline in units produced. “These partnerships will further increase the number and availability of platinum investment options for investors in these regions and worldwide.” While the COVID-19 pandemic has had a major negative effect on the platinum market — including price, demand and supply — the results for Q1 2020 show the net effect is less than feared, and the outlook for 2020 is better than expected. The World Platinum Investment Council’s latest Platinum Quarterly indicates that the 2019 forecast shows a market surplus of 455 koz, 10% lower than the surplus in 2018.
The unprecedented 855 koz of investment demand in H1’19 is driven by a surge in ETF holdings, which gained 720 koz. and based upon independent research and analysis conducted by Metals Focus. Jewellers attribute high gold prices to the increased demand …
This increase is due to the expected significant rise in investment demand, which offsets weaker forecast demand in automotive, jewellery and industrial segments. WPIC now forecasts that 2020 will have a surplus of 247 koz, which is only 128 koz higher than its previous forecast despite the impacts of COVID-19. The 2019 forecast shows global demand for platinum is set to increase by 5% to 7,740 koz. Similarly, the implementation in India of the Bharat VI legislation in April 2020, is also likely to increase demand for platinum, despite the lockdown restrictions that are currently in place. Potential power disruptions and industrial action in the second half of 2019 continue to represent risks that could reduce South African mining supply. increase by more than supply, the annual 2019 market balance will narrow to a
Strong investment demand for bars and coins First-quarter bar and coin investment surged to 312 koz in Q1 2020 – up over 300% on the quarterly average of 70 koz in 2019. The World Platinum Investment Council (WPIC) ’s report forecasts a substantial 9% increase in total platinum demand in 2019, owing to solid investment demand that more than offsets expected demand decreases in the automotive and … Write CSS OR LESS and hit save. This highlights the increased likelihood of fuel cell electric vehicles being part of a multi-drivetrain solution to achieve zero on-road emissions.Quarterly jewellery demand slipped further year-on-year by 30 koz due to a continued decline in Chinese demand.
The 2019 forecast shows global demand for platinum is set to increase by 5% to 7,740koz. Meanwhile, total supply decreased by 19% (-410 koz) to 1,773 koz from Q4 2019.
This comes at a time when the platinum price remains at historic discounts to itself, to gold and to palladium. “Two new partners, Shenzhen Jin Zheng Long and Dalian Qian Hai Jin, are now producing retail platinum bars in China. Total demand in Q1 2020 declined by 5% (-94 koz) to 1,649 koz from the previous quarter. analysis of platinum supply and demand fundamentals. This resulted in a surplus of 124 koz for Q1 2020.
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