Platinum ingots

Platinum Price Outlook

Platinum prices trended downwards over the last month as investors were concerned about a fall in demand. On 6 July, platinum traded at USD 838 per troy ounce, a multi-year low. The print was 7.0% lower than on the same day last month, and was down 9.6% on a year-to-date basis. Moreover, the price was 7.4% lower than on the same day in 2017. Platinum prices came under pressure from weaker demand in Q2, with prices being pushed down by escalating trade tensions. The threat of tariffs by the United States on European vehicles could strike a heavy blow to the EU auto sector, which represents a significant source of industrial demand for platinum. The precious metal is a crucial component in catalytic converters, especially for diesel engines. Moreover, a stronger dollar following the release of upbeat U.S. jobs data has reduced the demand for precious metals as a safe-haven investment. On the supply side, lower prices have caused producers to cut supply, which has in turn hurt profitability and financial viability, thus leading to a vicious cycle whereby a persistent lack of capital expenditure, especially in the deeper labor-intensive mines in South Africa, has hit production hard.

Platinum Price History Data (USD per troy ounce, aop)

2013  2014  2015  2016  2017  
Platinum1485.41  1383.61  1151.85  987.37  948.13  

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities.


Platinum Historical Price Chart

Platinum historical price chart
Note: Platinum prices in USD per troy ounce (toz). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities


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