April platinum has fallen back from this week's highs, as some traders feel the market might have been partially undermined by news of another Chinese tightening move as that would likely have a strong effect on global platinum demand. In another potentially negative development for the market, a major global platinum producer forecast that platinum's supply/demand situation might generally be in balance, instead of in the deficit that many other traders have been projecting. With no major US economic report scheduled for today, the platinum market might find some price direction from the Middle East situation which recently has not been seen as being supportive for the market. German PPI during January was up 5.7% year-on-year, higher than expectations and may be a sign of stronger German industrial platinum demand.