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 THE NEXT 90 DAYS: U.S. and China have reduced tariffs—145% to 30% (U.S.) and 125% to 10% (China). The deal may boost platinum demand by easing trade and stimulating China’s economy, which is likely to drive higher usage of platinum in key sectors like automotive, chemical, and jewelry, supporting global prices.
EVENTS (CHINA):
- BREAKING (MAY 20): CHINA REPORTED THE LARGEST PLATINUM IMPORTS IN ONE YEAR IN APRIL. Chinese jewelers and investors imported 11.5 tons of platinum in April, the most in a year.
- 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 27, AT 14:00 GMT+1: U.S. CB CONSUMER CONFIDENCE (MAY). In April, the U.S. CB Consumer Confidence unexpectedly dropped to 86 points, below March’s 93.9 points. A softer consumer confidence print could weaken the dollar and support platinum prices by improving affordability and boosting investment interest. But the opposite scenario is also possible.
- FRIDAY, MAY 30, AT 12:30 GMT+1: U.S. CORE PCE PRICE INDEX (APRIL): If the results come in line with expectations or weaker, there might be a positive impact on platinum prices due to a potentially weaker U.S. dollar. But the opposite scenario is also possible.
PRICE ACTION:
- PLATINUM HIT AN ALL-TIME HIGH OF $2,300 (March 2008). Platinum currently trades around $1,080, and if a full recovery takes place, then platinum prices could see an upside of 113%. However, Platinum prices could decline, too.
- ANALYSIST’S OPINION: Deutsche Bank forecasts $1,150; J.P. Morgan forecasts $1,200; UBS forecasts $1,100.
Platinum, May 22, 2025
Current Price: 1,080
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,200 |
|
|
1,170 |
|
|
1,130 |
|
|
1,040 |
|
|
1,020 |
|
|
1,000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
12,000 |
9,000 |
5,000 |
-4,000 |
-6,000 |
-8,000 |
|
Profit or loss in €² |
10,594 |
7,945 |
4,414 |
-3,531 |
-5,297 |
-7,062 |
|
Profit or loss in £² |
8,933 |
6,700 |
3,722 |
-2,978 |
-4,467 |
-5,955 |
|
Profit or loss in C$² |
16,620 |
12,465 |
6,925 |
-5,540 |
-8,310 |
-11,080 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:20 (GMT+1) 22/05/2025
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.