Platinum and Palladium Market Price Review and Expectations Brief Comment (July 16, 2026) [SMM Platinum and Palladium Weekly Review]
Platinum and palladium prices drifted higher this week and ended the week higher, driven by expectations of US Fed policy, the US-Iran geopolitical situation, and US CPI data. Looking ahead, inflationary headwinds have eased somewhat, but policy and geopolitical uncertainties remain. In the spot market, traders were active in purchasing due to opportunities in the price spread between futures contracts, while downstream consumption remained weak, and premiums were relatively stable.