Chart usGOLD   Chart usSILVER  
 
Food for thought
The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.
Ludwig von Mises  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1277.601.15
Silver 19.470.06
Platinum 1416.503.00
Palladium 877.751.25
WORLD MARKETS
DOWJONES 1703956
NASDAQ 45326
NIKKEI 15586132
ASX 56345
CAC 40 429352
DAX 940287
HUI 239-5
XAU 100-2
CURRENCIES (€)
AUS $ 1.4273
CAN $ 1.4534
US $ 1.3278
GBP (£) 0.8009
Sw Fr 1.2106
YEN 137.8840
CURRENCIES ($)
AUS $ 1.0750
CAN $ 1.0945
Euro 0.7531
GBP (£) 0.6032
Sw Fr 0.9117
YEN 103.8510
RATIOS & INDEXES
Gold / Silver65.62
Gold / Oil13.62
Dowjones / Gold13.34
COMMODITIES
Copper 3.180.00
WTI Oil 93.83-0.13
Nat. Gas 3.91-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
China remains top platinum market
Published : November 15th, 2012
152 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
People's Daily, in its November 14, 2012 article, reports that China remains top platinum market.

Extract :
Keywords :   China | Global | Johnson | Platinum | United Kingdom | Yuan |

 

 

 

 

CHINA remains the world's biggest market for platinum this year even as the global market for the precious metal has moved from surplus to deficit on fallen supplies and firm demand, an industry report said.

Demand remains steady, mainly driven by rising jewelry consumption in China, Johnson Matthey, a United Kingdom chemicals specialist, said yesterday in the interim outlook for the metal.

China's gross platinum jewelry demand will rise 14 percent yearly to 59.7 tons this year, excluding recycling effects, accounting for 70 percent of the global market.

"In the first eight months, new purchases of platinum by the Chinese jewelry industry reached a three-year high as the trade took advantage of yuan prices that were on average 16 percent lower than the equivalent period in 2011. But the strong purchasing is expected to give way to a slightly slower final quarter as a result of higher metal prices," said Johnson Matthey.

 

 

Read the rest of the article at People's Daily
Data and Statistics for these countries : China | United Kingdom | All
Gold and Silver Prices for these countries : China | United Kingdom | All
Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
24hGoldWire
All articles by
24hGoldWire
Next article by
24hGoldWire
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
Most recent articles by 24hGoldWire
11/21/2012
11/16/2012
10/31/2012
10/11/2012
6/13/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer