Morning Platinum Market Report 9/21

 
on September 21 2012 10:13 AM

The platinum market appears for many traders to have been strengthened by a 180 degree shift in outside market sentiment. Broad-based selling of commodities in yesterday's trading session appears to have been reversed, which may have been given some additional credence by a recovery in global equity markets. Platinum might find some additional support from news that Chinese August platinum imports jumped sharply. However, some traders feel that platinum is being held back from more significant price gains because of a calming down of labor turmoil in South Africa. Perhaps news that some platinum mining facilities continue to have idled production may end up providing support to prices today. 

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