1 January 2019: Sustained palladium futures curve backwardation has ramifications for platinum: When futures curves change shape, they can impart valuable market information. The palladium futures curve has been in backwardation for over a year, a sign of a shortage in the metal. This is another indicator arguing for substitution of palladium by platinum in automotive applications, in our view.
Platinum Perspectives
WPIC® research is free of charge. It can be consumed by asset managers under MiFID II