Palladium ingots

Palladium Price Outlook

Palladium prices rose to a nine-month high at the end of September, before easing somewhat at the start of October. On 5 October, palladium closed the day at USD 1,061 per troy ounce, which was up 7.4% from the same day of the previous month. In addition, the price was up 14.1% from the corresponding day last year. The price was also near the highs seen at the start of the year and was 0.5% higher on a year-to-date basis. A supply deficit and healthy demand for the metal fueled palladium’s upward momentum in recent weeks. The market has languished in a supply deficit for years with demand for the metal outstripping mine production. On the demand side, a healthy global economy and positive outlook for the automobile sector is driving the price higher. Palladium is used as an input in gasoline-powered automobiles and demand for the product is expected to rise going forward, especially in Europe due to increasing demand for gasoline-powered cars. Emissions cheating scandals have spelled the end to some subsidy programs for diesel manufacturers, which should allow gasoline-powered cars to compete better for market share.

Palladium Price History Data (USD per troy ounce, aop)

2013  2014  2015  2016  2017  
Palladium725  803.44  690.55  614.03  869.99  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Palladium Historical Price Chart


Palladium historical price chart
Note: Palladium prices in USD per troy ounce (toz). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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