Palladium Price OutlookPalladium prices increased further over the last month on tight supply and briefly surpassed the USD 2,500 mark for the first time in January; however, the coronavirus outbreak appears to have caused momentum to falter slightly in recent days. On 14 February, palladium closed the day at USD 2,458 per troy ounce, which was 14.2% higher than on the same day of the previous month. The price was up 28.0% on a year-to-date basis and was 75.2% higher than on the corresponding day last year. The key factors underpinning the price increase are broadly unchanged from recent months. Tougher environmental regulations for cars in China and the EU’s shift from diesel to gasoline and hybrid vehicles, which use more of the metal in catalytic converters, are supporting vehicle demand. At the same time, supply is constrained—partly due to palladium’s nature as a by-product of other metals such as platinum and nickel—with the market still in a deficit. Some speculative buying and the market’s small size have likely added further upward pressure. That said, the novel coronavirus appears to have tempered palladium’s momentum slightly in recent days, likely on projections of lower Chinese demand.
Palladium Price History Data (USD per troy ounce, aop)
bet360备用网址Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
bet360备用网址Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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