Platinum futures extended losses towards $950 per troy ounce, a level not seen since November 2020, on demand concerns from the automotive industry, where the metal is used in catalytic converters, because of the global semiconductor chip shortage. General Motors revised higher the impact of the chip shortage in car output, stating that 1H 2021 will see less 200,000 vehicles leaving assembly lines than expected, compared to the loss of 100,000 units forecasted in August. The North American carmaker’s announcement followed similar statements by Asian and European peers, who have recently cut output and sales forecasts due supply issues and chip shortages, made worse by the resurgence of COVID-19 cases in Asia.

Historically, Platinum reached an all time high of 2290 in March of 2008. Platinum - data, forecasts, historical chart - was last updated on September of 2021.

Platinum is expected to trade at 917.76 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 851.42 in 12 months time.

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Platinum


Platinum
Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world's scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry. South Africa accounts for 80% of production followed by Russia and North America. Platinum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day % Weekly Monthly YTD Date
Crude Oil
USD/Bbl
70.8800 1.0900 -1.51% 0.61% 7.98% 46.08% Sep/20
Brent
USD/Bbl
74.5500 0.7900 -1.05% 1.41% 8.44% 43.92% Sep/20
Natural gas
USD/MMBtu
5.0800 0.0240 -0.47% -2.89% 28.77% 100.08% Sep/20
Gasoline
USD/Gal
2.1381 0.0332 -1.53% -1.06% 0.70% 51.63% Sep/20
Heating oil
USD/Gal
2.1833 0.0258 -1.17% 1.16% 8.89% 47.12% Sep/20
Ethanol
USD/Gal
2.2070 0.0000 0.00% 0.00% -0.59% 54.01% Sep/17
Naphtha
USD/T
676.07 0.8750 -0.13% 2.27% 5.47% 56.24% Sep/17
Propane
USD/Gal
1.28 0.0023 0.18% 5.06% 13.41% 97.55% Sep/17
Uranium
USD/Lbs
50.8000 1.1500 2.32% 19.81% 61.27% 65.47% Sep/17
Methanol
CNY
2,920.00 122.0000 -4.01% 1.39% 8.27% 20.86% Sep/17

Metals Price Day % Weekly Monthly YTD Date
Gold
USD/t.oz
1,764.69 10.5335 0.60% -1.61% -2.24% -6.95% Sep/20
Silver
USD/t.oz
22.427 0.0345 0.15% -5.43% -5.21% -14.92% Sep/20
Copper
USD/Lbs
4.1380 0.1075 -2.53% -5.17% -2.28% 17.59% Sep/20
Steel
CNY/T
5,751.00 144.0000 2.57% 2.62% 12.08% 36.28% Sep/17
Iron Ore
USD/T
104.50 9.0000 -7.93% -19.31% -33.65% -34.07% Sep/17
Lithium
CNY/T
153,000.00 3,000.0000 2.00% 10.07% 45.71% 229.03% Sep/17
Platinum
USD/t.oz
923.51 17.4892 -1.86% -3.89% -8.86% -13.36% Sep/20

Agricultural Price Day % Weekly Monthly YTD Date
Soybeans
USd/Bu
1,263.0000 20.7500 -1.62% -1.69% -2.40% -3.35% Sep/20
Wheat
USd/Bu
697.7500 11.0000 -1.55% 1.56% -3.06% 8.94% Sep/20
Lumber
USD/1000 board feet
603.10 30.9000 -4.87% 19.28% 20.91% -30.92% Sep/20
Cheese
USD/Lbs
1.6460 0.0000 0.00% -0.24% 3.33% 0.00% Sep/17
Palm Oil
MYR/T
4,167.00 94.0000 -2.21% -3.50% -3.45% 15.75% Sep/20
Milk
USD/CWT
16.61 0.0000 0.00% 0.12% 2.59% 5.13% Sep/17
Wool
AUD/100Kg
1,352.00 0.0000 0.00% -0.66% 1.27% 15.46% Sep/17
Tea
USD/Kgs
2.73 0.0000 0.00% -16.77% -24.38% -4.88% Sep/17
Rubber
JPY/Kg
193.40 1.4000 0.73% 3.26% -10.46% -28.05% Sep/17
Coffee
USd/Lbs
188.15 2.5500 1.37% 1.37% 4.70% 46.71% Sep/17
Rice
USD/cwt
13.6000 0.1800 -1.31% 0.37% 1.57% 11.11% Sep/20
Oat
USd/Bu
537.0000 5.7500 -1.06% 5.24% 7.13% 48.86% Sep/20
Cotton
USd/Lbs
90.83 2.4300 -2.61% -3.56% -3.92% 16.27% Sep/20
Orange Juice
USd/Lbs
137.85 1.7500 -1.25% -2.99% 0.66% 11.85% Sep/20
Cocoa
USD/T
2,638.00 27.0000 -1.01% -1.46% 1.74% 1.34% Sep/20
Canola
CAD/T
866.50 7.2000 -0.82% 0.56% -1.10% 37.65% Sep/20
Sugar
USd/Lbs
19.01 0.1700 -0.89% 0.16% -2.91% 22.72% Sep/20
Corn
USd/BU
520.5000 6.5000 -1.23% 1.41% -3.25% 7.54% Sep/20

Industrial Price Day % Weekly Monthly YTD Date
Coal
USD/T
177.50 1.5000 0.85% -0.06% 3.80% 120.50% Sep/17
Bitumen
CNY/T
2,972.00 100.0000 -3.26% 0.81% -4.99% 24.77% Sep/17
Cobalt
USD/T
53,380.00 1,880.0000 3.65% 3.65% 3.65% 65.83% Sep/17
Lead
USD/T
2,175.00 27.7500 -1.26% -6.99% -12.79% 10.08% Sep/17
Nickel
USD/T
19,389.00 27.0000 -0.14% -5.08% 2.64% 17.13% Sep/17
Molybdenum
USD/Kg
46.25 0.0000 0.00% 0.00% 8.95% 96.81% Sep/17
Aluminum
USD/T
2,861.50 11.0000 -0.38% -1.04% 10.12% 44.47% Sep/20
Tin
USD/T
34,315.00 92.5000 0.27% 2.81% 6.37% 68.91% Sep/20
Zinc
USD/T
3,016.00 51.5000 -1.68% -1.97% 2.72% 9.63% Sep/20
Palladium
USD/t.oz
1,929.33 86.9431 -4.31% -7.56% -19.61% -21.18% Sep/20
Soda Ash
CNY/T
2,375.00 0.0000 0.00% 0.53% 8.57% 77.24% Sep/20
Rhodium
USD/t oz.
12,600.00 250.0000 2.02% -20.25% -33.68% -25.88% Sep/20
Neodymium
CNY/T
782,500.00 17,500.0000 2.29% 2.29% 0.97% 25.70% Sep/17
Tellurium
CNY/Kg
525.00 0.0000 0.00% -0.47% -3.67% 12.90% Sep/17
Iron Ore 62% fe
USD/T
123.00 3.0400 2.53% -7.64% -22.93% -21.07% Sep/17
Gallium
CNY/Kg
1,925.00 0.0000 0.00% 0.00% 0.00% 10.63% Sep/17
Germanium
CNY/Kg
8,650.00 0.0000 0.00% 0.00% 2.37% 21.83% Sep/17
Manganese
CNY/T
34.50 0.0000 0.00% 0.00% 5.34% 10.40% Sep/17
Indium
CNY/Kg
1,700.00 0.0000 0.00% 0.00% 30.27% 42.86% Sep/17

Livestock Price Day % Weekly Monthly YTD Date
Beef
BRL/Kg
20.37 0.0400 -0.20% -0.49% 1.29% 12.29% Sep/17
Feeder Cattle
USd/Lbs
154.9250 0.0500 0.03% 1.79% -2.07% 11.50% Sep/20
Live Cattle
USd/Lbs
122.1000 0.7000 -0.57% -0.14% -3.44% 6.15% Sep/20
Lean Hogs
USd/Lbs
85.1750 0.5500 -0.64% 5.45% -2.63% 21.20% Sep/20
Poultry
BRL/Kgs
8.57 0.0000 0.00% 1.78% 5.41% 42.60% Sep/17

Index Price Day % Weekly Monthly YTD Date
CRB Index
Index Points
236.08 1.9390 -0.81% 0.76% 4.34% 32.41% Sep/17
LME Index
Index Points
4,301.90 9.6000 -0.22% -2.87% 4.39% 25.99% Sep/17
S&P GSCI
Index Points
2,641.05 18.2490 -0.69% 1.51% 5.67% 33.59% Sep/17
Wind Energy Index
USD
347.81 4.5242 -1.28% -4.14% -3.61% -8.50% Sep/20
EU Carbon Permits
EUR
60.09 0.6100 1.03% -1.60% 8.58% 83.65% Sep/20
Nuclear Energy Index
USD
1,368.08 19.2301 -1.39% -3.56% 1.40% 8.89% Sep/20
Solar Energy Index
USD
410.25 15.0000 -3.53% -4.67% 1.45% -12.10% Sep/20