Palladium weekly special report based on 1.00 Lot Calculation:
PALLADIUM USE AND MARKET SHARE:
- Palladium is mostly used in catalytic converters by the car industry to reduce harmful gas emissions while tightening regulation is forcing automakers to put more Palladium into each vehicle, which in turn could keep the demand outlook positive. Palladium has also been used in fuel cells to generate power.
- MARKET SHARE (PRODUCERS): Russia is the largest producer holding 43% of the markets, while South Africa is the second largest with 33.00% of the markets. Canada is third on the list with 9.5% of the global production.
- MARKET SHARE (CONSUMERS): China is the largest Palladium consumer with 31%, while Europe and North America (USA) hold 20% each. Japan stands at 11%.
EVENTS (CHINA):
- SUNDAY, MARCH 31 AT 01:30 GMT: CHINA MANUFACTURING PURCHASING MANAGERS INDEX (MARCH) (PREVIOUS: 50.2). A stronger-than-expected PMI could signal expanding industrial activity, boosting demand for palladium in China's manufacturing and automotive sectors.
EVENTS (USA):
- TUESDAY, APRIL 1 AT 14:30 GMT: US MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (PREVIOUS: 50.3). If the US Manufacturing PMI surpasses expectations, it could indicate stronger industrial activity, boosting demand for palladium in manufacturing and automotive sectors, which may drive prices higher.
- FRIDAY, APRIL 4 AT 12:30 GMT: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (MAR) (PREVIOUS: 151K; PREVIOUS: 4.1%). A stronger-than-expected US Nonfarm Payrolls and a lower unemployment rate could signal a resilient labor market and economic growth, potentially boosting consumer spending and industrial activity, which may increase demand for palladium and support higher prices.
ANALYST EXPECTATIONS:
- ANALYST OPINION: Commerzbank forecasts $1,150; Deutsche Bank forecasts $1,023; JPMorgan forecasts $1,020; UBS forecasts $1,000; HSBC forecasts $1,060.
Data Source: Bloomberg Terminal
PRICE ACTION:
- PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (MARCH, 2022). Palladium trades around $978 and if the price of Palladium moves to the level of $3,409, this would be a 248% price change. However, the price could decline, too.
PALLADIUM, March 27, 2025
Current Price: 978
PALLADIUM |
Weekly |
Trend direction |
|
1250 |
|
1150 |
|
1040 |
|
930 |
|
910 |
|
890 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
Pivot Points |
||||||
Profit or loss in $ |
27,200 |
17,200 |
6,200 |
-4,800 |
-6,800 |
-8,800 |
Profit or loss in €2 |
25,249 |
15,966 |
5,755 |
-4,456 |
-6,312 |
-8,169 |
Profit or loss in £2 |
21,053 |
13,313 |
4,799 |
-3,715 |
-5,263 |
-6,811 |
Profit or loss in C$2 |
38,865 |
24,577 |
8,859 |
-6,859 |
-9,716 |
-12,574 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:40 (GMT) 27/3/2025
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 suggested one.
- Trailing stop technique could protect the profit.