Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша


  • Persoonlijke instellingen
  • Toegang tot alle InstaForex-services
  • Gedetailleerde statistieken en rapporten over transacties
  • Volledig scala aan financiële transacties
  • Systeem voor het beheren van verschillende accounts
  • Maximale gegevensbescherming

InstaForex Partner Area

  • Volledige informatie over klanten en commissies
  • Grafische statistieken over accounts en klikken
  • Webmasterinstrumenten
  • Kant-en-klare weboplossingen en een breed scala aan banners
  • Hoog gegevensbeschermingsniveau
  • Bedrijfsnieuws, RSS-feeds en forex informanten
Account Registreren
cabinet icon

Nog een Lamborghini van InstaForex!Misschien ben jij het die de sleutels neemt!

Doe gewoon een storting van minstens $ 1.000 op uw account!

Krijg de beste handelsvoorwaarden en aantrekkelijke bonusaanbiedingen! We hebben al 6 legendarische sportwagens gegeven! Maar daar houdt het niet op! De volgende Lamborghini Huracan van de nieuwste generatie is misschien van jou!

InstaForex investeer in uw overwinningen!

Direct openen van een account

Ontvang een brief met instructies
toolbar icon

Trading Platform

Voor mobiele apparaten

Voor handel via browser

Long-term review

Economists estimate that the value of palladium showed the longest growth in history and peaked. Meanwhile, experts are trying to understand the causes of this phenomenon.

Exchange Rates 14.02.2019 analysis

Analysts recorded an unprecedented rise in the price of precious metals over the past two years. This turned out to be useful for producers of palladium and delighted investors who have long positions in contracts for precious metals. At the beginning of 2017, the palladium spot price was about $700 per 1 ounce but in January 2019, the quotes reached an impressive $1,440 per 1 ounce, which means the price doubled. A slight correction followed later and now, for 1 ounce equates to $1380.

According to experts, one of the main reasons for the increase in the cost of precious metals is a reduction in production. Norilsk Nickel is considered to be the largest metal producer in the world. In the fourth quarter of 2018, the company reduced its production by 10% to 632 thousand ounces and for the whole year of 2018, the figure decreased by 2% to 2.729 million ounces. The head of sales at Norilsk Nickel, Marcus Moreira, said that the company would like to systematically develop palladium production rather than adapt to drastic price changes. He noted that the impressive price fluctuations cause serious concerns of the leadership.

In analyzing situations from the past that could lead to high demand for palladium, experts draw attention to dieselgate in which Volkswagen was involved in a scandal with harmful emissions that unfolded in 2015. It served as a driver for the growth in demand for precious metals, where 85% is provided by automotive engine manufacturers and currently, palladium is actively used in the production of catalysts for gasoline engines.

The situation with palladium is alarming for a number of experts. According to John Butler, an analyst at the Mitsubishi concern, "overheating" of the market for this precious metal is possible in the near future. He believes that the rise in the price of palladium will not last long. The expert notes that the investment demand in the over-the-counter market for the precious metal is very high, while the industrial demand for it is steadily declining. According to the Mitsubishi forecast, the average cost of palladium will remain at $ 1201 per 1 ounce in 2019.

Strategists of the London Association of Precious Metals Markets presented their forecast for the current year on palladium, which looks extremely negative. Analysts of large banks and brokerage companies expect a significant drop in precious metal prices. Many of them predicted a decrease in the cost of palladium in 2018 but their calculations were erroneous. Recall that at the end of last year, prices for precious metals continued to rise, which was the longest in history. Nonetheless, pessimism is characteristic of many market participants, who believe that palladium quotes will never return to the level of $1,440 for 1 ounce.

Exchange Rates 14.02.2019 analysis

Uitgevoerd door Larisa Kolesnikova,
Analytische expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.