Palladium Price OutlookAfter hitting an over eight-month low in April, palladium prices regained some lost ground in recent weeks. On 11 May, palladium closed the day at USD 1,004 per troy ounce, which was 4.8% higher than on the same day in April. In addition, May’s price was 24.9% higher than on the corresponding day in 2017. However, the price was still below December’s multi-year highs and was down 4.9% on a year-to-date basis. The volatility seen in palladium prices recently has been largely due to geopolitical events. Fears that the U.S. could put additional sanctions on Russia, the world’s largest supplier of palladium, caused prices to rise sharply in mid-April over fears that palladium trade could be disrupted. However, a recent softening of the U.S.’s tone towards sanctions on Russia have caused prices to recede somewhat since the sharp bounce-back. In addition, the prospects of a trade war between China and the U.S., two of the major consumers of automobiles, and hence palladium, have rattled prices. Outside of geopolitical events, supply concerns should support palladium prices as the market remains in a supply deficit, a situation expected to continue this year.
Palladium Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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