Palladium futures traded within the range of $1,400 to $1,600 per ounce, as investors carefully considered the potential impact of weak Chinese data on demand, juxtaposed with the expectation of a balanced palladium market as automakers increasingly adopt the more cost-effective platinum. Recent data from China, the largest consumer of industrial metals globally, revealed discouraging figures for industrial production, retail sales, property investment, imports, factory gate deflation exceeding projections, and lower-than-expected bank loans. Palladium holds substantial importance in the electronics and automotive sectors due to its ability to reduce exhaust emissions. However, its utilization has witnessed a decline in recent years, primarily driven by the increasing production of heavy-duty vehicles that rely on platinum and the growing market share of electric vehicles, which are displacing combustion-driven light vehicles that heavily depend on palladium and rhodium.

Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on June of 2023.

Palladium is expected to trade at 1370.93 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 1232.73 in 12 months time.

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Palladium



Price Day Month Year
Coal 137.75 6.75 5.15% -18.80% -66.83%
Bitumen 3,750.00 0 0% 2.04% -21.15%
Cobalt 29,525.00 0 0% -15.47% -60.04%
Lead 2,035.50 -3.00 -0.15% -3.37% -7.75%
Aluminum 2,218.50 -25.50 -1.14% -4.38% -20.15%
Tin 25,565.00 -86 -0.34% -1.65% -28.20%
Zinc 2,296.00 7.50 0.33% -14.14% -39.53%
Nickel 20,770.00 -321 -1.52% -15.04% -29.90%
Molybdenum 51.88 0 0% -9.98% 19.26%
Palladium 1,409.26 -4.53 -0.32% -9.31% -28.96%
Gallium 1,655.00 -20.00 -1.19% -6.76% -50.23%
Germanium 9,375.00 0 0% 0.81% 6.53%
Manganese 32.00 0 0% 0% -4.48%
Indium 1,495.00 0 0% 0% 3.46%
Soda Ash 1,950.00 -30.00 -1.52% -25.00% -32.29%
Neodymium 595,000.00 0 0% 6.25% -50.21%
Tellurium 592.50 0 0% -1.25% 36.21%
Iron Ore 62% fe 107.38 1.05 0.99% -0.02% -25.85%
Rhodium 6,400.00 0 0% -18.47% -56.76%


Palladium
Palladium is a soft silver-white metal used mostly in the production of catalytic converters for petrol cars, electronics, dentistry, medicine, hydrogen purification, chemical applications, groundwater treatment and jewelry. The biggest producers of palladium are by far Russia and South Africa (70-80% of world output) followed by United States, Canada and Zimbabwe. Palladium Futures are available for trading in London Platinum and Palladium Market and on the New York Mercantile Exchange. The standard contact weights 100 troy ounces. .
Actual Previous Highest Lowest Dates Unit Frequency
1414.47 1413.79 3440.76 78.00 1984 - 2023 USD/t oz. Daily