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Platts reported that sentiment towards palladium remained shaky this week, as palladium prices stayed under pressure amidst a broader rout in commodities prices.
Platts reported that sentiment towards palladium remained shaky this week, as palladium prices stayed under pressure amidst a broader rout in commodities prices.
As quoted in the publication:
Palladium is a key ingredient in autocatalysts built for gasoline-fuelled engines.
“It’s bleak,” said one physical trader. “Still when I started in the business palladium was around $83/oz, so from that perspective $500 is pretty good.”
The London Bullion Market Association Palladium Price settled at $547/troy oz on the morning of January 4, the first trading day of 2016.