The price of Palladium is rising and rising. Differently it looks with the Gold, the price rally Stalled somewhat in, but with 1,650 dollars per ounce on a high level recorded. Market participants have sold in the past few days, occasionally Gold – "to realise partial profits, but partly also to other losses," says commodity expert Daniel briese man of the Commerzbank.

Palladium seems to be immune to the Virus-panic in global markets: in The Morning, it climbed to a new record high of well over $ 2,850 per fine ounce. The world's largest Palladium producer, Russia has spoken on the eve of a tense situation on the global Palladium market. The evaluation was not as pessimistic as the competition from South Africa, and Johnson Matthey . The palladium price (Spot) 2.749,84 USD -43,26 (-1,55%) OTC

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supply deficit is expected to rise significantly

During last year on the supply side, 550 thousand. Ounces have been wanting to the deficit this year to 900 thousand. Ounce to increase. The main driver for this development is the increased Palladium use in auto catalysts in the Wake of stricter emission regulations, so the breeze from the man. Petrol engines will soon contain five to seven percent more Palladium. "As Palladium is technically considered platinum in car catalysts is superior, there is only limited substitution of Palladium by platinum," says briese man. Also could power his view, a physical scarcity of Rhodium, the demand for Palladium this year.

Whether the negative effects of the Covid-19-Virus on demand in the above-mentioned assessments are included sufficiently, according to the Commerzbank experts, however, questionable.

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hyo/Daniel briese man Date Of Update: 27 February 2020, 14:00