| The price of platinum-group metals (PGMs) surged higher during 2016~2018 due to poor supply and weak US dollar, and palladium and rhodium outperformed their peer, platinum. Based on the trends of global monetary policy and considering US dollar along with the supply-demand balance, PGMs market outlook in the year 2020 is presented herein. Global platinum supply and demand will be more balanced, even slightly oversupplied whereas palladium will enjoy a good 10th year of supply shortage. The price for spot platinum will continue to flutuate in a range, and is expected to reach $1,200/oz and then will retreat. Palladium and rhodium price remains high and will hit $1,350/oz and $2,600/oz, respectively. |
