Platinum weekly special report based On 1.00 Lot Calculation:
PLATINUM USE AND MARKET SHARE:
- Platinum has been a key element in autocatalysts for over forty years, with the automotive sector being its largest consumer, accounting for about 40% of annual demand.
- MARKET SHARE (PRODUCERS): BIGGEST PLATINUM PRODUCERS IN THE WORLD: South Africa is the largest producer, holding 72.8% of the global market share, while Russia is the second with 8-10% of the market. Zimbabwe is third with 5%.
- MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer with 34%, while Europe holds 22% and North America holds 16% of the platinum consumed worldwide.
HIGHER DEMAND IN 2025:
- AUTO SECTOR DEMAND TO HIT EIGHT YEAR HIGH: The automotive industry, anticipated to begin its recovery this year, is expected to be a key driver of platinum demand in 2025. Consumption from the sector is projected to reach 3,245,000 ounces, the highest level in eight years. Source: The World Platinum Investment Council (WPIC)
- TRUMP REVOKES BIDEN’S 50% EV SALES TARGET BY 2030: Trump rescinded the Biden administration's goals to boost electric vehicle sales, stating that U.S. citizens should have the freedom to choose the type of car they want to buy. This decision is seen as a positive signal for the traditional automotive industry, particularly for vehicles powered by fossil fuels, which utilize platinum in catalytic converters to reduce harmful gas emissions.
PLATINUM SUPPLY DEFICIT IN 2025:
- THIRD CONSECUTIVE YEAR OF DEFICIT IN 2025: The global platinum market is expected to experience its third consecutive year of deficit in 2025, with a projected shortfall of 539,000 ounces, according to the latest quarterly report from the World Platinum Investment Council (WPIC). UBS forecasts a supply deficit of 500,000 ounces, equivalent to 6.4% of total demand, further confirming the persistent supply shortages. This follows deficits of 700,000 ounces in 2024 and 760,000 ounces in 2023, highlighting ongoing challenges in meeting growing demand.
EVENTS
- FRIDAY, FEBRUARY 7 AT 13:30 GMT: NONFARM PAYROLLS AND UNEMPLOYMENT RATE (JAN). The NFP is projected to be 154,000, down from the previous 256,000, while the unemployment rate is expected to hold steady at 4.1%. Weaker-than-expected labor market data often puts downward pressure on the U.S. dollar and provides support for commodity prices.
- WEDNESDAY, FEBRUARY 12 AT 13:30 GMT: US INFLATION REPORT (JAN). After falling to its lowest in almost four years (2.4%) in October last year, inflation is rising again. In December, CPI numbers rose from 2.7% to 2.9%, which was in line with expectations, but further increases could provide less incentive for the Fed to ease policy.
PRICE ACTION:
- Platinum is currently trading at approximately $992, with its previous peak of $1,348.20 in February 2021, representing a potential upside of about 36% if fully recovered. The price has risen nearly 9% since the beginning of the year. However, it could also decline further.
PLATINUM, February 4, 2025
Current Price: 992.00
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,300.00 |
|
|
1,150.00 |
|
|
1,050.00 |
|
|
950.00 |
|
|
930.00 |
|
|
910.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
30,800 |
15,800 |
5,800 |
-4,200 |
-6,200 |
-8,200 |
|
Profit or loss in €² |
29,835 |
15,305 |
5,618 |
-4,068 |
-6,006 |
-7,943 |
|
Profit or loss in £² |
24,832 |
12,739 |
4,676 |
-3,386 |
-4,999 |
-6,611 |
|
Profit or loss in C$² |
44,448 |
22,801 |
8,370 |
-6,061 |
-8,947 |
-11,834 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 12:55 (GMT) 4/02/2025
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 the suggested one.
- Trailing stop technique could protect the profit