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 16% share 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 factor in 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).
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
- MONDAY, MARCH 17 AT 02:00 GMT: INDUSTRIAL PRODUCTION IN CHINA (FEB). Since October last year, industrial production in China has been gradually increasing, reaching 6.2% in December. January figures are traditionally omitted due to the Chinese New Year celebrations. As China is the world’s largest platinum consumer, positive industrial performance could indicate higher demand for platinum.
- MONDAY, MARCH 17, AT 12:30 GMT: US RETAIL SALES (FEBRUARY): A lower-than-expected reading could be taken as positive for Platinum, because it will motivate the FED to lower interest rates more aggressively in order to stimulate the economy. Retail sales measure the change in the total value of sales at the retail level. The figure for the previous month was -0.9%.
- WEDNESDAY, MARCH 19 AT 18:00 GMT: FEDERAL RESERVE INTEREST RATE DECISION. The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but a rate cut could come as early as June. With inflation down to 2.8%, pressure is mounting on the Fed to act. A weaker dollar from potential rate cuts could boost commodity prices, including platinum.
PRICE ACTION:
- Platinum is currently trading at approximately $1006, with its previous peak of $1,348.20 in February 2021 representing a potential upside of more than 25% if fully recovered. Although, the price could fall, as well.
PLATINUM, March 14, 2025
Current Price: 1,006
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,200 |
|
|
1,100 |
|
|
1,050 |
|
|
970 |
|
|
960 |
|
|
950 |
Example of calculation based on weekly trend direction for 1 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
19,400 |
9,400 |
4,400 |
-3,600 |
-4,600 |
-5,600 |
|
Profit or loss in €² |
17,815 |
8,632 |
4,040 |
-3,306 |
-4,224 |
-5,142 |
|
Profit or loss in £² |
14,994 |
7,265 |
3,401 |
-2,782 |
-3,555 |
-4,328 |
|
Profit or loss in C$² |
27,992 |
13,563 |
6,349 |
-5,194 |
-6,637 |
-8,080 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 10:50 (GMT) 14/03/2025
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