Platinum was able to put together a moderate recovery in the wake of the surprise move by the Chinese central bank to provide liquidity overnight. Platinum may also find additional support from the lingering strike potential in South Africa at Anglo American platinum. In fact, a South African platinum mining official overnight suggested that the South African platinum mining industry was poised to face some very significant trouble ahead. Mining companies maintain that workers are staging illegal strikes and are unwilling to negotiate wages, which may rekindle supply side concerns for the market.

View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Copyright CME Group All rights reserved.