platinium

Exchange Rates 06.09.2022 analysis

In the precious metals sector, platinum has struggled to capture the attention of investors. The precious metal managed to hold its critical long-term support at around $800 an ounce.

Exchange Rates 06.09.2022 analysis

The World Platinum Investment Council drew attention to the growing dichotomy in the market for platinum as a precious metal.

According to the WPIC Platinum Quarterly report, the precious metal had a surplus of 349,000 ounces in the second quarter. The report says total surplus may increase to 974,000 ounces for the year, compared to a previous estimate of 627,000 ounces.

The council noted that the outflow of funds from exchange-traded funds backed by platinum affected prices. However, despite the growing surplus, the market is still tight.

Platinum remains undervalued by investors who only look at supply and demand factors.

Investment demand has the most significant impact on demand for platinum, as the market experienced significant outflows in the second quarter. The report also noted that the

Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

(USOIL) Crude Oil Price To Jump Above $110!? Soaring Coffee Demand

Rebecca Duthie Rebecca Duthie 15.04.2022 10:54
Summary: Price of Crude oil prices skyrocketed High global demand for coffee Price of platinium is rising again after the UK announced further sanctions on top Platinum suppliers The price of US Crude oil reflects the market's volatility and its liquid nature, the commodity is also used as a benchmark for global economic activity At the start of the Russia-Ukraine conflict, the price of Crude oil prices skyrocketed to unprecedented levels. The fall in the price that followed came after the White House's announcement that the US was considering releasing record breaking amounts of US crude oil in an attempt to combat shortage fears. The price is once again on the increase due to the high expectations on demand for US Crude coming hand-in-hand with the limited supply. US Crude Oil Price Chart Related article: Terra USD (USDT), Shiba Inu (SHIB), Polygon (MATIC) Update. Take a Look at What Happened in the World of Cryptocurrency Today  Coffee is second to Crude oil when it comes to popularity in the commodities market Despite the high global demand for coffee, the price is still falling due to unfavorable weather conditions during the growth phase, this comes in addition to the high increase in the cost of shipping also. Coffee Price Chart Platinum as a commodity in the current market The price of platinum increased earlier this month as a result of the rising in demand for the commodity. However, shortly after the initial increase, the price began to fall again and given the current conflict between Russia and the Ukraine, this is not very surprising (Russia is the second largest producer of Platinum after South Africa). The price is rising again after the UK announced further sanctions on top Platinum suppliers, sparking fears of shortages. Platinum Price Chart Sources: capital.com, Tradingeconomics.com, Finance.yahoocom, Dailyfx.com
Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Rebecca Duthie Rebecca Duthie 27.04.2022 08:47
Summary: Changes in investor sentiment is driving the price of Platinum down. Random Length Lumber Futures prices fall as supply increases amidst supply chain backlogs clearing. Corn prices increase as supply tightens and planting slows. Platinum Futures showing bearish signals. Over the past week Platinum futures have seen a steady decline in price. This decline in price comes with the concerns over China’s COVID lockdowns, and its possibility of causing a decrease in the demand for Platinum. Since the market opened this morning, the price of Platinum futures has increased by 0.14%. Earlier this year the price of metals spiked due to the Russia-Ukraine conflict but as time has gone on, the bullish signals that have come from the war have slowed, causing the price of some commodities to fall as a result of this change in market and investor sentiment. Platinum Jul 22 Futures Price Chart Read next: Palladium Price To Struggle In Recovery, Silver Prices (XAGUSD) Facing Downward Pressure  Corn futures are recovering after dipping earlier this week. The price of corn futures have not seen any clear trend over the past week, the price increase on monday comes as a result of prospects of higher demand against lower production as well as the current supply chain issues. In addition, the dryness in Brazil, decreasing planting space in the U.S., the delay in China's planting due to lockdowns and two of the world's major corn exporters (Russia and the Ukraine) are in a war - these are all aspects that drive the price of corn up. However, since the market opened this morning we have seen the price of Corn Futures fall by almost 0.45%. Corn Futures Jul 22 Price Chart Random Length Lumber Futures The price of Random Length Lumber Futures has been showing a steady decline over the past days, this comes as demand decreases and supply increases. Supply chain issues regarding lumber have eased causing a temporary flood to the market, as well as favorable spring weather. In addition, the rising inflation caused a pause on the rising U.S housing market, again driving down the price of Lumber. Random Length Lumber Futures Price Chart Read next: U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls  Sources: Finance.yahoo.com, tradingeconomics.com, reuters.com
COP27: Russia’s Invasion Of Ukraine Has Led Countries To Ensure Short-Term Energy Security

Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover.

Rebecca Duthie Rebecca Duthie 05.05.2022 14:01
Summary: Soybean prices continue to show volatility as concerns around supply continue. Platinum prices are still trying to find a pattern. Copper demand drops with China in lockdown.   Read next: Cotton Prices Reach Highest Prices In Almost 11 Years, Copper Prices Facing Negative Outlook and EU Announces 6 Month Plan To Phase Out Russian Crude Oil Imports.    Soybean prices have been soaring the past month. Over the past month we have seen the price of soybean futures rise to almost record highs. The Soybean commodity is under price pressure as a secondary backlash from the war between Russia and the Ukraine along with adverse weather conditions in Latin America and supply chain issues around the world. Since the start of the pandemic, the price of Soybean futures have doubled. There is a strong demand for soybean in the form of oil and feed for cattle all over the world, with Latin America being one of the worlds largest suppliers and is experiencing a poor harvest due to the poor weather conditions, the concerns around supply are growing, causing the prices to rise. Soybean Jul ‘22 Price Chart Platinum prices affected by lockdowns in China. Platinum prices dipped in the previous trading week as a result of concerns around demand with the lockdowns in China. Since then the prices have been on the rise again as the market seems to be somewhat stabilising. As economic sanctions on Russia continue, importers are turning to new sources of Platinum such as South Africa, concerns around supply remain the main factor driving the price of platinum. Platinum Jul ‘22 Price Chart Copper price dip amidst lockdown in China. Since China imposed further lockdowns in the country, the concerns around demand and supply faded for the metals futures. This created a fall in the price as the decreasing demand could take some pressure off some of the supply chain issues. China is responsible for almost half of the world's copper consumption, therefore the lockdowns had a big impact on the price of this precious metal. Copper Jul ‘22 Futures   Read next: Brent Crude Oil Price Continues To Dive, Silver Struggling To Hold Its Price Position & Corn Prices Soaring.   Sources: finance.yahoo.com, capital.com, wsj.com
Russia Look Set To Double Its Exports For The First Half Of 2023

The Commodity Market Felt The Effect Of The Poor Market Conditions This Week - Wheat Futures, Platinum Futures & RBOB Gasoline Futures

Rebecca Duthie Rebecca Duthie 12.05.2022 12:34
Summary: The future of the Wheat futures prices depend on the supply available as adverse weather conditions and geopolitical tensions continue. As embargos on Russia intensify, Platinum futures prices rise. Read next: Don't Worry Coffee Lovers! The Price Of Coffee Futures Falling Amidst Current Market Conditions, Crude Oil (WTI) Recovers Slightly, Palladium Prices Show Steady Downward Price Trend  Wheat Futures On Monday the price of Chicago Wheat Futures dropped, this came in the wake of the poor performance of the global markets. Since Monday the price of wheat futures have been recovering steadily. There are concerns around the market supply of wheat going forward, with Russia and The Ukraine exports decreasing due to the war, and the possibility of India reducing their exports amidst the heatwave causing their production to reduce. As concerns around supply and demand and weather conditions continue, we are likely to see volatility in the price of Wheat Futures. SRW Wheat Futures Jul ‘22 Price Chart Platinum prices rise amidst concerns over supply. Platinum futures prices seem to be recovering after hitting their one-week low on May 9th. The recovery comes as worries around Russian supply are renewed. The U.K announced GBP1.4 billion worth of import restrictions from Russia and a 35% increase in import tariffs on multiple products, including platinum. Hence, pushing prices up. Platinum Jul ‘22 Futures RBOB Gasoline prices The price of RBOB gasoline futures, along with wheat futures and platinum futures have felt the effects of the poor market conditions this week. However, the price of RBOB gasoline is likely to continue to show bullish signals going forward, this will come as a result of the increasing concerns around supply. RBOB Gasoline Jun ‘22 Futures Price Chart Read next: (XAUUSD) Gold Prices Remain Stable Despite Hawkish Fed, EU Regains Control Of Their NGAS Supplies, Cotton Futures Prices.  Sources: finance.yahoo.com, tradingeconomics.com
Australia Is Expected To Produce A Bumper Year Of Crops

Wheat Prices Enter June On A Four Week Low Platinum Prices Rising Again, RBOB Gasoline Prices Reach New High

Rebecca Duthie Rebecca Duthie 02.06.2022 12:56
Summary: Wheat prices dropping as supply concerns ease. As China begins to lift covid-19 restrictions, demand for platinum is rising. RBOB gasoline prices rally in the wake of EU oil embargo. Read next: EU Reaches An Agreement On The Banning Of Russian Crude Oil, Coffee Prices Rise, Palladium Prices Decline Along With Supply Concerns  Wheat prices reach their lowest in four weeks Chicago wheat futures reached their lowest in four weeks on Thursday, as commodity traders carefully monitor the possible maritime trade corridors for Ukrainian wheat and fertilizers. The Russian president, Putin said that Russia was willing to open safe corridors to allow foreign ships to leave the both the Black Sea and the Sea of Azov ports, which would allow commercial shipping of Ukrainian grains after three months of war in the country, should western countries lift sanctions. In the United States there are higher projections for wheat in the future and in addition, the wheat prices remain supported thanks to India’s decision to impose a wheat embargo in an attempt to guarantee food security. Chicago Wheat Futures Price Chart Platinum Prices increased As China begins to re-open their economy after their covid-19 lockdown restrictions, the demand for platinum is increasing. Although the global outlook for metal use in car manufacturing will decline overall in 2022, concerns around supply and demand are still driving the price fluctuations of Platinum. Platinum Futures Price Chart RBOB gasoline RBOB Gasoline prices have risen to a new high at the start of the summer season. The latest rally comes in the wake of the European Union implementing a ban of seaborne oil imports from Russia, creating further concerns around supplies. RBOB Gasoline Futures Price Chart Read next: XAUUSD Prices Fall As The US Dollar Rebounds, Inflationary Pressures Driving Cotton Demand Down, NGAS Price Rising  Sources: finance.yahoo.com, tradingeconomics.com
Russia Look Set To Double Its Exports For The First Half Of 2023

Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist

Rebecca Duthie Rebecca Duthie 09.06.2022 11:39
Summary: Sanctions on Russia and protests in South Africa are causing problems for platinum exports. As shortage concerns continue, the price of wheat futures continue to rise. Read next: Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High  Platinum faces a future of tight supplies Platinum futures rose above $1000 per tonne during the trading week, the highest price in over 2 months. The price rise comes in the wake of concerns around tight supplies and the demand recovery for the biggest platinum consumer, China. China’s platinum consumption is due to increase as the government lifts most of the Covid-19 health restrictions in Shanghai and announced support measures to help boost the economy. In addition, supply chain issues are persisting as the war in Eastern Europe continues and more sanctions are being placed on Russia, the top exporter of platinum. South Africa’s production of platinum is also set to fall amidst risks of extended strikes, as workers continue to protest for wage-negotiations. Platinum Jul ‘22 Futures Price Chart West unlikely to ease sanctions on Russia, wheat supply concerns persist As shortage concerns continue, the price of wheat futures continue to rise. The expectations of higher trading activity from Ukraine remained low as the west is unlikely to relax the sanctions on Russia, meaning Putin is unlikely to open Ukrainian ports and allow trade. Investors are remaining alert to any possible changes in India's export ban that was passed in May, following news that India’s government may allow exporters to ship some of the wheat that is currently stuck in cargos. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices of RBOB gasoline continue to rise as the concerns around energy supplies persist, globally. The continuing sanctions on Russia, is causing supply insecurity as the US enters into its summer driving season, driving demand up. RBOB Jul ‘22 Futures Price Chart Read next: (XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule  Sources: finance.yahoo.com, tradingeconomics.com
Commodities: Favorable weather conditions may be gone some time soon, so energy prices may go further up

Demand Is Decreasing For Platinum, RBOB Gasoline, Supply Concerns Around Wheat Are Easing

Rebecca Duthie Rebecca Duthie 23.06.2022 15:20
Summary: India may reintroduce wheat exports. Fresh lockdowns in China are weighing on metal demand Wheat prices drop as supply concerns ease Chicago wheat futures prices have been falling over the past week in the wake of news of an improved outlook as Russia produced a record-high amount of wheat. A higher supply from the world's top exporter eased shortage concerns amidst the European and North American harvesting season. In addition, India's food ministry said it may reintroduce wheat exports to Indonesia, however that is dependent on availability.   Wheat Sep ‘22 Futures Price Chart Platinum prices are declining with demand Platinum futures are down almost 20% from their 8-month high hit in March, as a stronger US Dollar and an aggressive Federal Reserve weakened the demand for Metals which in turn has weighed on Metal prices. In addition, vehicle production is expected to drop in the wake of aggressive monetary policy tightening and increased fears of slowing economic growth. Also, the lockdowns in China are weighing on the demand from the top consumer. Platinum Jul ‘22 Futures Price Chart RBOB Gasoline The price of gasoline has experienced volatility over the past week as concerns around supply continue to drive the price up whilst talks of President Joe Biden introducing a gas tax holiday are driving the prices down. RBOB Gasoline Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Prices Drop In The Wake Of Slower Demand Prospects, RBOB Gasoline Prices, Wheat Prices Below Pre-Russian Invasion Levels

Rebecca Duthie Rebecca Duthie 07.07.2022 11:36
Summary: Recession and new covid-19 cases in China driving platinum prices lower. Chicago wheat futures prices rose in the wake of an increase in buying. Read next: WTI Crude Prices Recover On Wednesday, Supply Prospects Of Coffee Are Improving, Palladium Prices  Platinum Prices at 20 month lows Platinum prices had fallen to their lowest price in almost 20 months in the wake of lower demand expectations outweighed lower supply fears. The contraction in the US economy was more than expected amidst the Federal Reserve's aggressive monetary policy which is aimed at curbing surging inflation has raised the concerns around an economic downturn. In addition, fresh new covi-19 cases in China’s eastern provinces weighed further on the outlook for demand and growth. Platinum Oct ‘22 Futures Price Chart Wheat prices lower than pre-Russian invasion levels Chicago wheat futures prices rose in the wake of an increase in buying from bargain buyers in the wake of the prices plummeting in the second half of June. Meanwhile, investors expectations around a large sum of Ukrainian Wheat entering the market any time soon are growing pessimistic. Wheat prices are still below pre-Russian invasion levels, as strong crops world wide added to the price pressures for agricultural commodities amidst recession fears. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices tanked this week Gasoline prices fell earlier this week in the wake of an increase in supply into the US underground reserves, this drove gas prices lower and oil giants’ profits higher as well. RBOB Gasoline Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
COP27: Russia’s Invasion Of Ukraine Has Led Countries To Ensure Short-Term Energy Security

Demand For Platinum In the Automotive Sector Is Above 2018 And 2019 Levels

InstaForex Analysis InstaForex Analysis 06.09.2022 13:27
In the precious metals sector, platinum has struggled to capture the attention of investors. The precious metal managed to hold its critical long-term support at around $800 an ounce. The World Platinum Investment Council drew attention to the growing dichotomy in the market for platinum as a precious metal. According to the WPIC Platinum Quarterly report, the precious metal had a surplus of 349,000 ounces in the second quarter. The report says total surplus may increase to 974,000 ounces for the year, compared to a previous estimate of 627,000 ounces. The council noted that the outflow of funds from exchange-traded funds backed by platinum affected prices. However, despite the growing surplus, the market is still tight. Platinum remains undervalued by investors who only look at supply and demand factors. Investment demand has the most significant impact on demand for platinum, as the market experienced significant outflows in the second quarter. The report also noted that the outflow of ETFs outpaces the drop in supply by 8%. According to the WPIC, 89,000 ounces of platinum leaked from the ETF markets between April and June. The council said that the demand for bullion and coins is mixed, with purchases in North America rising to a new high of 292,000 ounces after quarantine. However, the weak yen in Japan prompted some investors to sell their physical metal. According to analysts, this year, the total demand for bullion and coins will fall by 47,000 ounces, which is 14% less than in 2021. In addition to investment demand, WPIC said that industry demand for platinum remains stable. And in the second quarter, automotive demand for platinum increased 8% to 50,000 ounces. Even with the global recession, demand for platinum in the automotive sector is above 2018 and 2019 levels. Platinum remains an important metal in automotive catalytic converters, which are used to remove harmful emissions from gasoline and diesel engines. Automotive demand makes up a significant portion of the platinum market. WPIC expects total industrial demand to fall 15% to 2.132 million ounces. At the same time, industrial demand continues to outpace global economic growth. Although there will be a significant surplus of platinum this year, demand from China remains a major surprise and a main driver of the market shortfall. WPIC noted that information on platinum imports to China is limited. However, they estimate that China received 1.3 million ounces in the first half of this year. However, this estimate is not included in the official supply and demand forecast. Significant levels of negative demand for ETFs and an outflow of stocks were enough to meet China's demand for imports and keep prices from rising. WPIC was able to test the demand from China: the current surplus will turn into a deficit. While platinum prices have fluctuated for most of 2022, the WPIC said that robust demand is expected to provide some support for the precious metal.     Relevance up to 10:00 2022-09-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/320919

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