palladium price is gone crazy

[MapishPepperush]

Because I don't find any discussion about the Palladium Crisis I open this thread
Anyone know what is happening with palladium couple months ago a ounce was 1800 1900 euro and now after 4 -5 months is 1300 euro a ounce?
me personally I read something on internet but is not much information some british analyst bankers say is its the fault of South Africans (wich are second palladium producers) because the Africans put all personal reserve stocks on market.
Anyone know else?

 

[MapishPepperush]

This Palladium Crisis is like Copper Crisis from last year when the price of Copper was going down quickly and now after couple months the price is rise again

 

[Yggdrasil]

This Palladium Crisis is like Copper Crisis from last year when the price of Copper was going down quickly and now after couple months the price is rise again

I will not call it crisis, it is a function of the market and what the brokers/speculators guess is coming in the short and long time evolution.
Both in the market and the evolution of technologies.
Some of these markets are quite skittish so if someone say boo at the right time and place, one can and up with mini crashes or soars.

 

[Lino1406]

Main use of palladium is in fuel cars converters and now the trend is towards electric cars - that is if you look for common sense in exchange behaviour and not speculative caprices

 

[Mike18436572]

Main use of palladium is in fuel cars converters and now the trend is towards electric cars - that is if you look for common sense in exchange behaviour and not speculative caprices

The “trend” is towards electric cars, but it’s not like we are making 50% less converters. At best there is only a 10% drop in the number of converters we produce vs a 50% drop in palladium price. Platinum has barely dropped. So it’s not the trend towards EV’s.

 

[orvi]

Platinum group metals does not stand such a position as gold and silver, as they aren´t that much invested and held as physical stock. But rather than this, they are usable industrial metals with great applications - and thus majority of them is used by industry. If industry does not produce goods with them, they flood the market and price will go down.

Palladium is primarily cat metal, so if there is less cat manufacturing, the price will go down very steeply. And with crisis (at least here in EU energy prices are just nuts, commodities also not cheap) present, quite a bit of facilities isn´t producing at full speed, if producing cars at all. Buying power is now also greatly limited as people focus more on survival than for buying new car.
EV market has probably also something to do with this, but I will expect much more smooth trend with price decline.
Some manipulation can also be going on, but I do not understand market strategies that well, so I do not say anything more than that.

All in all, very peculiar situation, possessed some palladium, did not have a chance to refine it and sell it "in time", then needed to liquidate it... Man, that was harsh

And if it continues like this with car markets, price will be steadily low for a very very long time (based on this variable, who knows what else will happen).

 

[nickvc]

I remember not that long ago when palladium was been used for white metal jewellery because it was so much cheaper than gold that didn’t last too long.
As the west has banned sales of Russian gold perhaps they are now selling palladium and they are one of the largest producers of that metal, as Orvi pointed out it is an industrial metal so is subject to market demand rather than investor demand , perhaps it’s a combination of many reasons but look at platinum prices it’s so much rarer than gold but the price does not reflect that.

 

[MapishPepperush]

Platinum group metals does not stand such a position as gold and silver, as they aren´t that much invested and held as physical stock. But rather than this, they are usable industrial metals with great applications - and thus majority of them is used by industry. If industry does not produce goods with them, they flood the market and price will go down.

Palladium is primarily cat metal, so if there is less cat manufacturing, the price will go down very steeply. And with crisis (at least here in EU energy prices are just nuts, commodities also not cheap) present, quite a bit of facilities isn´t producing at full speed, if producing cars at all. Buying power is now also greatly limited as people focus more on survival than for buying new car.
EV market has probably also something to do with this, but I will expect much more smooth trend with price decline.
Some manipulation can also be going on, but I do not understand market strategies that well, so I do not say anything more than that.

All in all, very peculiar situation, possessed some palladium, did not have a chance to refine it and sell it "in time", then needed to liquidate it... Man, that was harsh

And if it continues like this with car markets, price will be steadily low for a very very long time (based on this variable, who knows what else will happen).

The price of palladium don't have anything with the energy crisis (and there is not a energy crisis) the banker analysts say this phenomenon (because the palladium price go low) have the name of BACKWARDATION this is a situation when is going on market to much palladium for sale this happen because South Africans (second palladium exporter) take and put all their palladium reserve on market after night , but the analysts say the price of palladium will rise again after the Africans sell the palladium.

 

[nickvc]

The last country to dump volumes of palladium that I know of was Russia that was some years back, I doubt any mining company would dump product in volume to hurt their profits and most palladium production outside of Russia is by large multinational companies.

 

[MapishPepperush]

The last country to dump volumes of palladium that I know of was Russia that was some years back, I doubt any mining company would dump product in volume to hurt their profits and most palladium production outside of Russia is by large multinational companies.

this is a small manipulation of market made by weak English people who have power in South Africa, but with this situation with Russia's sanctions the price of palladium will up again in 2-3 months

 

[Yggdrasil]

this is a small manipulation of market made by weak English people who have power in South Africa, but with this situation with Russia's sanctions the price of palladium will up again in 2-3 months

We don't talk about people this way in here!!
Mind your language please.

 

[MapishPepperush]

o my gosh

 

[MapishPepperush]

Platinum group metals does not stand such a position as gold and silver, as they aren´t that much invested and held as physical stock. But rather than this, they are usable industrial metals with great applications - and thus majority of them is used by industry. If industry does not produce goods with them, they flood the market and price will go down.

Palladium is primarily cat metal, so if there is less cat manufacturing, the price will go down very steeply. And with crisis (at least here in EU energy prices are just nuts, commodities also not cheap) present, quite a bit of facilities isn´t producing at full speed, if producing cars at all. Buying power is now also greatly limited as people focus more on survival than for buying new car.
EV market has probably also something to do with this, but I will expect much more smooth trend with price decline.
Some manipulation can also be going on, but I do not understand market strategies that well, so I do not say anything more than that.

All in all, very peculiar situation, possessed some palladium, did not have a chance to refine it and sell it "in time", then needed to liquidate it... Man, that was harsh

And if it continues like this with car markets, price will be steadily low for a very very long time (based on this variable, who knows what else will happen).

if you look carefully the price of palladium is start to up again , this Saturday and Sunday was around 1300 USD per ounce and today is almost 1500 USD per ounce, the price will recalibrate again is expected at the end of year to be 1800-2000 USD per ounce

 

[MapishPepperush]

Platinum group metals does not stand such a position as gold and silver, as they aren´t that much invested and held as physical stock. But rather than this, they are usable industrial metals with great applications - and thus majority of them is used by industry. If industry does not produce goods with them, they flood the market and price will go down.

Palladium is primarily cat metal, so if there is less cat manufacturing, the price will go down very steeply. And with crisis (at least here in EU energy prices are just nuts, commodities also not cheap) present, quite a bit of facilities isn´t producing at full speed, if producing cars at all. Buying power is now also greatly limited as people focus more on survival than for buying new car.
EV market has probably also something to do with this, but I will expect much more smooth trend with price decline.
Some manipulation can also be going on, but I do not understand market strategies that well, so I do not say anything more than that.

All in all, very peculiar situation, possessed some palladium, did not have a chance to refine it and sell it "in time", then needed to liquidate it... Man, that was harsh

And if it continues like this with car markets, price will be steadily low for a very very long time (based on this variable, who knows what else will happen).

the palladium will be needed for ever in automobile car industry because the cars factorys don't have and will don't have technology to build a high autonomy battery for cars awich can recharge fast in couple minutes like making a gas fuel, so the gas cars will be produced for ever , the best choice that cars factorys can make and they made in this days is makeing hybride cars with battery rechargeable automatically when you drive on gas thi will reduce the consume of gas to 2 litre per 100 km

 

[Yggdrasil]

if you look carefully the price of palladium is start to up again , this Saturday and Sunday was around 1300 USD per ounce and today is almost 1500 USD per ounce, the price will recalibrate again is expected at the end of year to be 1800-2000 USD per ounce

Her is the overwiev for the last 5 years, nothing extraordinary here.

 

[MicheleM]

@MapishPepperush you need to unload some Palladium investment?

 

[MapishPepperush]

@MapishPepperush you need to unload some Palladium investment?

no I just study the market

 

[jphayesjr]

The “trend” is towards electric cars, but it’s not like we are making 50% less converters. At best there is only a 10% drop in the number of converters we produce vs a 50% drop in palladium price. Platinum has barely dropped. So it’s not the trend towards EV’s.

Palladium and PGMs in general have applications in the wiring tree, power regulation, and motor assembly of many EVs...so stay tuned.

 

[MapishPepperush]

oioioioioioi right now the price is up to 1500 USD per ounce the price is starting to recalibrate

 

[MapishPepperush]

Palladium and PGMs in general have applications in the wiring tree, power regulation, and motor assembly of many EVs...so stay tuned.

1537 USD per ounce right now