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Home / Metal News / Barclays Capital lowers Price Forecasts for Platinum and Palladium

Barclays Capital lowers Price Forecasts for Platinum and Palladium

iconApr 3, 2015 10:20
Barclays Capital has lowered its price forecasts for 2015 due to the weaker-than-expected Chinese consumption of platinum and palladium.

 Thursday April 2, 2015, 7:11am PDT

Mineweb reported that Barclays Capital has lowered its price forecasts for 2015 due to the weaker-than-expected Chinese consumption of platinum and palladium.

As quoted in the market news,

"The broker now sees platinum averaging $1,239 per ounce this year after the spot price fell to its lowest since July 2009 below $1,100 in the first quarter. Spot platinum was last at $1,134/1,139, down $5 loss on Tuesday’s close.

It also expects palladium to average $805 in 2015 given its weaker start to the year. It recently traded at $737/742, up $4.

Click here for the full Mineweb report

 

Barclays Capital
platinum
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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