Platinum weekly special report based on 1.00 Lot Calculation:
PATINUM USE AND MARKET SHARE:
- PLATINUM has been a key element in autocatalysts for over forty years. The automotive sector is its largest consumer, accounting for about 40% of annual demand.
- MARKET SHARE (PRODUCERS): BIGGEST PLATINUM PRODUCERS IN THE WORLD: South Africa is the largest producer, holding 72.8% of the global market share, while Russia is the second with 8-10% of the market. Zimbabwe is third with 5%.
- MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer, with 34%, while Europe holds 22% and North America 16% of the platinum consumed worldwide.
US-CHINA TRADE AGREEMENT:
- U.S. AND CHINA ANNOUNCED A TARIFF RELIEF FOR NEXT 90 DAYS: U.S. tariffs on China are down from 145% to 30% and China tariffs on U.S. down from 125% to 10%. The trade agreement could positively impact platinum demand in China by easing tariffs and boosting industrial activity. As the world’s largest consumers of platinum—especially in the automotive, chemical, and jewelry sectors—China’s increased economic momentum is likely to drive higher usage of the metal. This rise in demand could, in turn, support a stronger global platinum price.
EVENTS (CHINA):
- MONDAY, MAY 19 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION DATA (APRIL). Data for March showed an increase of 7.7%, beating analysts’ expectations for an increase of 5.9%, and higher than February’s 5.9%. If its trend continues in April, then positive sentiment on Platinum prices could be expected, although prices could fall too.
- SATURDAY, MAY 31 AT 02:30 GMT+1: MANUFACTURING PMI (MAY) (PREVIOUS: 49.0). Stronger-than-expected manufacturing PMI data could indicate rising manufacturing activity in China, the world's largest consumer of platinum, potentially supporting higher platinum prices.
EVENTS (USA):
- TUESDAY, MAY 13 AT 13:30 GMT+1: US INFLATION (CPI) (APRIL). A lower-than-expected reading could be positive for Platinum prices, as it will motivate the FED to cut interest rates more aggressively. The CPI Index measures the change in the price of goods and services from the perspective of the consumer. US Annual Headline Inflation (CPI) came in at 2.4% in March, down from February’s data (2.8%).
- THURSDAY, MAY 15, AT 13:30 GMT+1: US RETAIL SALES (Monthly)(APRIL): U.S. retail sales rose more than expected in March with 1.4% increase vs 1.3% expected. If the results come in line with expectations or weaker, we could see a positive impact on platinum prices due to a potentially weaker U.S. dollar. But the opposite scenario is also possible.
- THURSDAY, MAY 15, AT 13:40 GMT+1: FED CHAIR JEROME POWELL SPEAKS. Mr. Powell will speak at the Thomas Laubach Research Conference, Washington, D.C.
ANALYSTS’ OPINION:
- BANKS’ FORECASTS: Commerzbank forecasts $1,050; Deutsche Bank forecasts $1,150; J.P.Morgan forecasts $1,200; UBS forecasts $1,100.
PRICE ACTION:
- PLATINUM HIT AN ALL-TIME HIGH OF $2,300 (March, 2008). Platinum currently trades around $985 and if a full recovery takes place, then platinum prices could see an upside of 134%. However, Platinum prices could decline as well.
Platinum, May 13, 2025
Current Price: 985
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,200 |
|
|
1,150 |
|
|
1,050 |
|
|
930 |
|
|
910 |
|
|
900 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
21,500 |
16,500 |
6,500 |
-5,500 |
-7,500 |
-8,500 |
|
Profit or loss in €² |
19,358 |
14,857 |
5,853 |
-4,952 |
-6,753 |
-7,653 |
|
Profit or loss in £² |
16,279 |
12,493 |
4,922 |
-4,164 |
-5,679 |
-6,436 |
|
Profit or loss in C$² |
30,072 |
23,078 |
9,091 |
-7,693 |
-10,490 |
-11,889 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:38 (GMT+1) 13/05/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop techniques could protect the profit.