Palladium

Re: Palladium

Postby winston » Fri Jan 18, 2019 8:33 pm

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Palladium is worth more than gold for the first time in over a decade

By Myra P. Saefong

The metal had record automotive demand of 8.5 million ounces last year, up from 5.8 million in 2010, and “coupled with constrained mine production growth, this has resulted in palladium demand outpacing global supply over much of this decade”.

“We are told by the makers and buyers of [automotive catalytic converters] that it would take a $500 spread in platinum and palladium for at least two years, to have the beginnings of switching”.

Analysts have said it would take auto makers at least 18 to 24 months to make the change.

A typical car is estimated to contain just three to seven grams of palladium or platinum.



Source: Market Watch

https://www.marketwatch.com/story/palla ... =rss&rss=1
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Re: Palladium

Postby winston » Fri Feb 15, 2019 6:46 pm

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Palladium supply shortfall will worsen this year

* Palladium market had 29,000 oz shortfall in 2018
* Platinum market surplus was 498,000 oz last year (Adds detail)

By Peter Hobson

Johnson Matthey, a leading autocatalyst manufacturer, said the shortfall in the roughly 10 million ounce-a-year palladium market narrowed in 2018 to 29,000 ounces from 787,000 ounces in 2017, its widest in three years.

"The rate of growth in secondary supplies is likely to be lower than in 2018, while primary shipments (of newly mined metal) are expected to be flat," the report said.

ETF holdings have fallen to around 750,000 ounces from more than 2.5 million ounces in 2015.

Palladium prices have surged by around 70 percent in the last six months to record highs above $1,400 an ounce, while platinum, once the most expensive of the major precious metals, is stuck near 10-year lows around $800 an ounce.

Source: Reuters

https://finance.yahoo.com/news/palladiu ... 16758.html
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Re: Palladium

Postby winston » Fri Feb 15, 2019 7:13 pm

Palladium ETF Breaks Toward New Records on Strengthening Fundamentals

by MAX CHEN

Johnson Matthey argued industrial demand would outstrip supply by almost 1m ounces in 2019 due to surging demand on stricter emissions standards.

Some warn that Russia’s strategic stockpile of palladium is close to running out. Matthey estimated that 11.5 million ounces of palladium has taken out from the inventories over the past decade.


Source: ETF Trends

https://www.etftrends.com/palladium-etf ... +Trends%29
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Re: Palladium

Postby winston » Fri Feb 15, 2019 9:19 pm

Palladium Squeeze: Prices Likely To Heighten This Year

by Barani Krishnan

The metal is expected to come under further pressure as carmakers face a potent mix of stricter emissions legislation, more rigorous testing, and more serious consequences for any failure to meet standards, materials specialist company Johnson Matthey PLC (LON:JMAT) says.

ETF holdings for palladium having fallen to 730,000 ounces at the end of last year, these funds no longer held enough physical metal to bridge the gap between industrial demand and supplies.

At their height in 2014, ETFs held nearly 3 million ounces of palladium.

In the four years since, the redemption of these holdings has added more than 2.2 million ounces of liquidity. Yet, this hasn’t been sufficient to prevent a series of market deficits and gradual tightening of physical availability.


Source: Investing.com

https://www.investing.com/analysis/pall ... -200388641
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Re: Palladium

Postby winston » Wed Feb 20, 2019 5:19 pm

Palladium Smashes $1,500 as Shortages Ignite Record-Breaking Rally

by Ranjeetha Pakiam

Citigroup Inc. said this month that further gains may be in store, warning the market will only balance with a shock to demand and prices may hit $1,600.

It’s hard to gauge the exact level of global stockpiles, but various sources have estimated a range between 10 million and 18 million ounces, which equates to roughly one to two years of demand.

Julius Baer: Due to the prevailing positive sentiment, short-term price risks still seem skewed to the upside,” but these levels are not sustainable in the longer term, adding that the bank’s 12-month target is unchanged at $1,000 an ounce.


Source: Bloomberg

https://finance.yahoo.com/news/palladiu ... 47162.html
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Re: Palladium

Postby winston » Fri Mar 22, 2019 2:27 pm

Palladium’s Hot Rally May Be Coming to an End

by Rupert Rowling

Analysts surveyed by Bloomberg, see the metal ending the year 16 percent lower than now, partly as shortages are priced in and car sales in key markets slow.

Scarce supplies have created a lucrative business where investors lease out metal from exchange-traded funds to meet demand.

“First, the shortage is more than reflected in the price. Second, prices don’t yet reflect the weaker outlook on the global car sector.”

Palladium may fall to about $1,350 an ounce by year-end, down from $1,604 now, acco


Source: Bloomberg

https://finance.yahoo.com/news/palladiu ... 00815.html
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Re: Palladium

Postby winston » Thu Mar 28, 2019 11:18 pm

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Palladium Dives 6% as Recession Fears Bite; Gap With Gold Caves

By Barani Krishan

Investing.com - Precious metals bears have warned for a while it may happen, and it has -- prices of palladium, the auto-catalyst metal, have crashed on the back of global economic worries, sharply narrowing its gap with gold.

It had hit a record high of $1,616.30 last week.

The decline on the futures price was the largest one-day dollar decline since Feb. 23, 2000 and biggest single-session percentage drop since Jan. 25, 2017, according to Dow Jones Market Data.

Some analysts and investors had warned that palladium had turned into a bubble asset since the start of 2019.

The metal was up as much as 28% on the year at last week's peak on worries of supply scarcity-- despite signs the auto industry was likely to underperform this year amid a U.S. recession scare and potential slowdown of the Chinese and euro zone economies.

Despite Wednesday's plunge, palladium remained the world's costliest traded metal. The spot price is still up 14% on the year. The futures price is up more than 18%.

But spot palladium's premium to gold now stand at just below $170 an ounce after being at around $300 just weeks ago.

Some analysts, however, said that nothing fundamentally has changed with palladium as the supply of the metal, used for purifying gasoline engine emissions, wasn't going any higher.

"Palladium is having a wild day, just how wild depends how you look at it," said Walter Pehowich, executive vice-president at Dillon Gage Metals in Addison, Texas.

"Trading this market requires a strong stomach, and further volatility is almost a guarantee," Pehowich added. "One can argue that the decline of over $100 is a big move, and, yes, that’s true.

But the other side of the coin is one can argue that the volume generated from that selloff is not a big move at all. One must remember the supply is still in a shortfall, and higher prices are not out of the question."

Eli Tesfaye, metals strategist at RJO Futures in Chicago, agreed.

"I think what we saw today was a combination of profit-taking and stop-loss orders," Tesfaye said. "Palladium's fundamentals are still intact."

Source: Investing.com

https://www.investing.com/news/commodit ... es-1820061
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Re: Palladium

Postby winston » Fri Mar 29, 2019 3:03 pm

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Palladium slumps seven percent in selloff, gold sheds over one percent

By Karthika Suresh Namboothiri

(Reuters) - Palladium slumped over 7 percent on Thursday, adding to the previous session's sharp slide, on concerns an economic slowdown could dent demand and as a weak technical picture pushed investors to book profits after a record run.

People are thinking it had turned into a bubble because of the big run it had.

"From a technical perspective, the next major level is another $100 lower at $1,316."


Source: Reuters

https://finance.yahoo.com/news/palladiu ... 49631.html
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Re: Palladium

Postby winston » Fri Jul 19, 2019 8:58 pm

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Palladium - Lower; US$1533 from US$1557 from US$1555;
a. Support: US$940; US$500; Resistance: $1600 (Citi)
b. Catalytic Converters (Petrol Cars), Electronics, Dentistry, Medicine, Hydrogen Purification, Chemicals, Groundwater Treatment, Jewelry and Fuel Cells
c. Auto industry consumes 80% of supply
d. Demand by Auto industry doubled in past 10 years
e. Growth Demand: 10% in 2019
f. Russia and South Africa produced 3/4 of the world's mined palladium supply.
g. 8th Annual supply deficit;
h. Vehicle: PALL; SPPP (Physical Platinum & Palladium)
i. US Auto Sales weak
j. China - Pollution Programs
k. Supply Deficit: 1m Ounces in 2019
l. Global Stockpiles: 10 to 18m ounces (2 Year Demand)
m. Julius Baer 2020 Target: $1000
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Re: Palladium

Postby winston » Thu Sep 23, 2021 11:50 am

This Beaten-Down Commodity is About to Soar

Chris Igou

Sentiment toward palladium is as bearish as it gets. And if history is any indicator, a rebound in the metal is likely.

You’ll want to wait for palladium prices to rebound before buying. They’re still trending lower right now.

But once that happens, be ready for a big surge higher.


Source: DailyWealth.com

https://dailytradealert.com/2021/09/22/ ... t-to-soar/
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