Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Palladium demand to remain strong over next few years
11 June 2019
(Excerpt)
The demand for palladium is expected to remain strong in the
near-term due to introduction of tougher vehicle emission norms and
a marked shift in consumer preference from diesel to petrol
(gasoline) engines―the auto industry consumes more than half of all
palladium supply globally. Palladium is a key part of gasoline
catalyst systems. Though the demand for petrol vehicles is expected
to strengthen further, IHS Markit expects palladium prices to fall
slightly or stabilize in the short-term driven by the weakness in
light vehicle (LV) globally. Prices of palladium reached its record
high in late March, touching USD1,604 per troy ounce, but has
weakened ever since to around USD1,360 (as on 31 May). According to
KC Chang, senior economist at IHS Markit Pricing and Purchasing
Service, the current palladium price reflects long-term demand
expectations running well ahead of actual physical demand. Thus,
IHS suggests buying only on an as-needed basis, waiting until
prices move lower in second half of 2019.
According to Johnson Matthey's "PGM Market Report" published in
May 2019, palladium demand from automotive recorded a new high of
8.72 million ounces, up 2% year-on-year (y/y), in 2018, even though
there was a slight decline in global light duty gasoline vehicle
production. The company expects palladium demand to strengthen
further this year due to rising loadings on European gasoline
catalyst systems.
Read more articles like this one. Subscribe to
SupplierInsight
The above article is from SupplierInsight
by IHS Markit. SupplierInsight provides a wealth of original
thought leadership, data, and analysis on a broad spectrum of
automotive industry topics and sectors. Content includes news and
analysis, topical reports, supplier profiles, and an
automaker-supplier relations database across 13 domains. Visit SupplierInsight
to view all our offerings.
Using data in automotive marketing is critical and complex. See how Polk Automotive Solutions simplifies the proce… https://t.co/bD7eRhUCkD
May 13
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fpalladium-demand-to-remain-strong-over-next-few-years.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fpalladium-demand-to-remain-strong-over-next-few-years.html&text=Palladium+demand+to+remain+strong+over+next+few+years+%7c+IHS+Markit+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fpalladium-demand-to-remain-strong-over-next-few-years.html","enabled":true},{"name":"email","url":"?subject=Palladium demand to remain strong over next few years | IHS Markit &body=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fpalladium-demand-to-remain-strong-over-next-few-years.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Palladium+demand+to+remain+strong+over+next+few+years+%7c+IHS+Markit+ http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fpalladium-demand-to-remain-strong-over-next-few-years.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}