Palladium Price OutlookPalladium prices topped platinum prices for the first time since 2001 in late September, on the back of an expected supply shortage and weakened demand for the sister metal. On 6 October, palladium closed the day at USD 943 per troy ounce, which was down 1.5% from the same day in September and was 11.7% higher on a year-to-date basis. October’s price was up 41.4% from the corresponding day in 2016. Palladium has been the top performer among major precious and base metals this year due to a confluence of factors. Expected significant supply shortage this year in combination with speculative trading betting on higher prices has driven up prices. In addition, palladium prices benefit from a change in consumer preferences within the automotive market. Following the 2015 Volkswagen scandal, there has been a noticeable switch from diesel-powered cars to petrol engine cars and hybrid electrical vehicles; palladium is primarily used in the production of non-diesel cars. Recent import data from China, the second-biggest car market, suggests a continuation of healthy demand for palladium.
Palladium Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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