Home / Metal News /  / WPIC Says Platinum Supply Deficit not as Large
WPIC Says Platinum Supply Deficit not as Large
May 19,2015 11:10CST
industry news
Source:SMM
The World Platinum Investment Council’s Q1 platinum report sees platinum remaining in deficit this year, but the deficit will not be as large as stated in a recent report from GFMS.

Monday May 18, 2015, 9:29am PDT

Mineweb reported that the World Platinum Investment Council’s Q1 platinum report sees platinum remaining in deficit this year, but the deficit will not be as large as stated in a recent report from GFMS.

As quoted in the market news,

"The GFMS forecast suggested that the platinum price might fall to as low a level as $1,000 an ounce. It is currently selling at around the $1,170 mark and has recently been moving up as the gold price has seen something of a surge. But if the gold price falters – as many analysts are still predicting – then we could well see platinum falling back to these kinds of levels.

Click here for the full Mineweb report
 

GFMS
platinum
WPIC

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news