Palladium Price Surges on Supply Deficit and Other Three Factors-Shanghai Metals Market

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Palladium Price Surges on Supply Deficit and Other Three Factors

Industry News 10:01:09AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – NYMEX palladium has surged by more than 355 per cent since the beginning of the year, and NYMEX platinum advanced by more than 8 per cent over the same period. 

Many suppliers held back goods after price gains, and some investors hoarded goods because of its investment value. 

Volatile international conditions, underestimated value and market speculations were major three drivers behind its gain, said a person from one large domestic company, outshining gold and platinum.  

Palladium price is expected to hover at highs due to supply deficit among other positive factors. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Palladium Price Surges on Supply Deficit and Other Three Factors

Industry News 10:01:09AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – NYMEX palladium has surged by more than 355 per cent since the beginning of the year, and NYMEX platinum advanced by more than 8 per cent over the same period. 

Many suppliers held back goods after price gains, and some investors hoarded goods because of its investment value. 

Volatile international conditions, underestimated value and market speculations were major three drivers behind its gain, said a person from one large domestic company, outshining gold and platinum.  

Palladium price is expected to hover at highs due to supply deficit among other positive factors. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.