China remains top platinum market

IMG Auteur
Published : November 15th, 2012
152 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : On the Web
People's Daily, in its November 14, 2012 article, reports that China remains top platinum market.

Extract :

 

 

 

 

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
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
What Is the Correct Amount of Money?
20 Sepgfs543
If money is the heart of the economy, then the economies of the world are running with diseased hearts. Keynesians and other monetary intervention...
Pushback
20 SepGypsy
James, you're getting more difficult to read. As a Deplorable, I realize my under-education leaves me at a disadvantage when faced against the Mer...
Pushback
18 Sepdennyc3
If a university professor has been on the job for more than five years without venturing out into the world there's usually nothing to learn here. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
18 SepDRGEORGE
The world & the US $ have been on the brink for 10 years (or more). In 2008 it nearly happened but giving the 1% a stack of money saved the day. It...
'No evidence' of gold market manipulation, CPM Group's Christian in...
15 Sepneville
Despite being a so-called GOLD website ,I have read more anti GOLD articles on kitco than on any other site. Yes chris you are absolutely corre...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
13 Sepgoldsacs1
USA born out of genocide, built by slavery, mantained by continuos wars, profited on fake money, which ultimately will be the cause of its demise. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
15 SepSilverthumb2
I used to enjoy listening to Rickards. He sold out when he signed on with Agora Financial. Now he's just another ranting alarmist trying to get ri...
What's Killing the Jobs Market?
13 SepJ.0
It is hard to know where to begin to respond to your comment Recusant. You do not seem to understand how markets work. So, I'll throw out some po...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS