1 December 2019: Weaker Chinese jewellery demand is not offset by growth elsewhere, despite the sustained low platinum price: Net Chinese jewellery demand is over 800 koz lower than it was five years ago and is still trending downwards but at a slower rate. Absent significant growth in other regions, jewellery demand remains the weakest element of the investment case for platinum, despite record price discounts to gold and to palladium. Total jewellery demand will remain largely dependent on a recovery in jewellery fabrication in China.
Platinum Perspectives
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