Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

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
Do You, Mr. Jones…?
25 MayJake0
Then what? Since Trump was elected as an NFL punt type kick to the balls of the establishment, we Deplorables would kill them, mayhem would r...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
25 MayS W.-1
Gold is not money. Wealth Yes. Silver is a form of money. Its just losing its value with respect to the $USD ( currently) When peop...
The Escape from Collectivism - Jeff Thomas
23 MayFalconflight
Your summation on collectivism cannot be heralded enough.
The Escape from Collectivism - Jeff Thomas
23 MayFalconflight
Oy Vey...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
23 MaySNAFU-2
Right. Gold is money, but, if I understand well, we have no use for it in the world, because of popular TV show and because the idea has ...
The Escape from Collectivism - Jeff Thomas
22 Maysam_site
Globalist investigator Leuren Moret discovered that Fidel Castro, far from a grass roots revolutionary, was a Farnese duke from a prominent Black N...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
22 Mayprljr-2
"depict Armageddon or viruses or zombies never show people trading gold for items." Food ,medicine and Guns and ammo will be traded if it comes...
Gold Bullion +2 for Week vs Falling Dollar as Trump's Troubles Spre...
19 MaySam Maher
"Giant gold-backed ETF the SPDR Gold Trust (NYSEArca:GLD) in fact shrank Thursday as stockholders liquidated shares, reducing the amount of bullion...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS