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palladium

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  1. Jos Theelen 10 januari 2006 11:01
    quote:

    stoel_1 schreef:

    jammer dat niemand hier het potentieel van palladium ziet.
    Misschien erg flauw, maar je redenatie is niet erg overtuigend. Waarom zou ik m'n geld (dat ik ook in goud kan stoppen) in palladium stoppen?
  2. [verwijderd] 10 januari 2006 12:08
    quote:

    stoel_1 schreef:

    jammer dat niemand hier het potentieel van palladium ziet.

    Zolang het verlies tussen aankoop en verkoop groot is stop ik mijn geld niet in andere metalen dan goud.
  3. [verwijderd] 10 januari 2006 17:22
    Dit artikel vond ik vandaag over platina.
    Werkt ook in het voordeel van palladium

    www.platinum.matthey.com/media_room/1...

    The increasing demand among car manufacturers for platinum in items such as spark plugs and catalytic converters is pushing up the cost of making a car.

    Despite international vehicle sales having seen a downward trend over the past year, increasingly strict emissions regulations across the world mean that catalytic converters are becoming more important to the automotive sector than at any time in their history.

    At the same time, platinum spark plugs are becoming more popular with automakers because of their improved durability, meaning that the cost of platinum is having an important impact on the car industry.

    However, the problem for manufacturers is that the depressed car market means the only way to sell vehicles is to offer motorists competitive deals, meaning that the increased costs as metal prices soar cannot be passed on to the consumer.

    Peter Rosenfeld, executive vice president of procurement and supply at Chrysler, told Reuters at the North American International Auto Show: "We've never seen the kind of increase in raw materials that we've witnessed in the past year or so."

    Nissan' chief executive Carlos Ghosn affirmed that view, commenting: "We are entering a period in the medium term where we are going to have to adjust the company to compete with the high price of energy and raw materials."

  4. stoel_1 10 januari 2006 18:29
    PGMs – While watching paint dry was more exciting than watching platinum and palladium for most of 2005, the PGMs began to garnish some attention thanks to two key factors:

    o The forecast that platinum supplies were going to overtake demand once again failed to materialize. Growing demand for diesel auto catalysts is expected to push the platinum market into deficit for a seventh-consecutive year, according to Johnson Matthey, the precious metals group. However, I suspect that automakers are going to look at palladium more as a cheaper alternative, especially if and when platinum rises above $1,000.
    o After skyrocketing and then plummeting, palladium finally became so oversold at a time when fundamentals began to look bullish again. It’s important to note that demand for palladium jewelry has risen at the expense of platinum jewelry demand.

    I like palladium (its role as poor cousin to platinum is ending) over platinum and think the spread between both will narrow in 2006 and eventually we can see less than $500 between them.

  5. [verwijderd] 16 januari 2006 08:26
    Palladium: A Bullish Review

    By Alexander Zumpfe
    15 Jan 2006 at 03:50 PM

    FRANKFURT (Dresdner-Bank) -- “We remain strong believers in the diesel story.“ More than a year ago, this was one of our major arguments for raising prices – rising platinum prices! Over the course of 2005, it nonetheless turned out to be one of the dominating triggers behind a rally in palladium. What happened?

    Though it was already well known that palladium might become a cheap substitute for approximately one quarter of the current platinum loadings in diesel emission control systems, this was rather a story of the future. Right when this news came out the first time, palladium prices soared above $330 per ounce. This was in April 2004. At the end of this year the metal traded around $170! The diesel story has vanished under the impression of the strong performance of the other precious metals and the overall weak tone of the palladium market finally returned.

    In 2005, it looked like it would just stick to this bearish pattern with prices testing levels around $160 in July. It was a combination of ongoing negative analyst comments predicting a debacle, speculative selling and persistent strong Russian supply. Some of the metal from Russia, which was exported to Switzerland at the end of 2004, entered the market in early 2005, according to Johnson Matthey in its Interim Review. At the same time, platinum was on the edge to test new 25-year-highs. This in turn helped palladium to rise like a phoenix.

    Supported by news about strong demand from the Chinese jewellery industry, the impressively huge platinum-palladium-spread was reason enough for speculators to return to the market – this time on the buyers’ side. The more stable supply profile added to the increasingly positive fundamental picture: Further sales from official Russian stocks were reportedly low.

    Johnson Matthey expected overall supply to have decreased 5% to 7.54 million ounces. It came as no surprise that this was also the time when the “palladium in diesel catalysts” – story hit the newswires again. It became clear, that the series-production readiness of these catalysts would be there rather sooner than later.

    The growth trend for diesel vehicles remains intact with three main drivers behind this development:

    The price preferential at European fuel pumps;
    The favourable legislation on the way;
    The improving technical qualities of diesel engines coupled with even lower emission standards.
    With these positive supply/demand factors getting the upper hand and the whole commodity sector maintaining its bullish undertone, palladium traded up to nearly $300, therewith exceeding our then already bullish view of $280 – a performance of plus 67% compared to where it stood at the beginning of 2005. However, reality finally returned to the market.

    Market players doubted that demand from the Chinese jewellery industry would be able to maintain its growth rate at the current extraordinarily high level. A fall in production of gasoline light vehicles weighed on the palladium buying interest of the European and North American automobile industry. This came together with long liquidation from the speculative corner of the market which brought palladium back to levels around $250 at the end of the year.


    © Copyright 2006, Resource Investor.
    Printed via the AbsolPublisher content management system.

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