Today, Platinum traded at $1,027.70, so the price increased by 6% from the beginning of the year. The forecasted Platinum price at the end of 2022 is $1,249 – and the year to year change +28%. The rise from today to year-end: +22%.
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What is the outlook for platinum
The outlook is better because palladium, not platinum, Nornickel’s production cut forecast will support a higher price per unit of palladium.
But, in the end, we think that the demand situation can surpass platinum.
We expect palladium supply to increase slightly, but platinum price to fall again
What is the current price of platinum
platinum price today; Current price $34.79: today’s high $34.79: today’s low $34.79: today’s change $0.00 (0.00%)
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Why is platinum so low
Why is the price of platinum so low? February Paulette Feldman A number of factors were responsible for both its fall and its rise, including some of them: excessive industrial demand during the popularity of diesel cars – platinum being used as a new major automotive catalyst; government issuance in South Africa in 2007 – and growing demand
What is the future of platinum
Platinum is used in a refinery called Brilliant to produce high-octane gasoline, and as long as we use gas, there will definitely be a need for gold catalysts. Cancer drugs also consume platinum. Much of the research and future cancer drugs are focused on platinum as a supplement. Platinum is more effective when used in hydrogen vehicles.
Is platinum expected to go up
The bank’s platinum price forecast is bullish in the long term, ranging from $1,100 an ounce at the end of March to $1,300 at the end of 2022, and to $1,375 at the end of September 2023.
What will platinum be worth in 5 years
The price of platinum was $1,020.30 per troy ounce.
According to the latest long-term forecast, platinum prices will reach $1,500 by 2025 and $2,000 by mid-2027. Platinum will rise to $2,500 by Halloween in 2029, $3,000 in 2031, and $3,500 in 2033.
How much is platinum worth in 2021
On March 1, 2022, the average premium for platinum rose to around $1,021 per ounce, $68 off the average price in 2021. In 2021, platinum traded at around $1,089 per troy ounce, which is almost 22% more than the previous year. .
How is a Monte Carlo forecast different from a normal forecast
Unlike a conventional prediction model, Monte Carlo simulation predicts an ensemble based on results in an estimated range of values ??with respect to an ensemble associated with fixed input values.
Do you use sales forecast or demand forecast
Despite the notion that forecasting is the backbone of most retail businesses, there is still a lot of confusion about what sales and demand forecasting is (and the pros and cons of each). All retailers use forecasts to predict what will happen, and the reason is simple.
Which is better static forecast or dynamic forecast
Despite a better selection of outcomes from a STATIC outcome compared to a DYNAMIC projection, the end result is a type of cautious advice when using outcomes for policy outcomes and therefore with comparative projections that clearly point the way forward. decision makers.
Is the YTD forecast the same as the forecast
Black dotted line: Year-to-date forecast is the year-to-date budget range. The chart shows that the price prediction was too low because the sale amount is always much higher to make a prediction. Red dotted line: Year-to-date sales and forecast combine the two using actual sales to August 22 and a date-based budget.
What’s the difference between a forecast and a forecast
Deciding whether or not to go with the company may only require a good, solid and rather rough assessment of the market situation, while a forecast made for budget purposes should certainly be fairly accurate. The corresponding methods differ, and rightly so.
What is the difference between a static forecast and a dynamic forecast
The noise prediction often uses the actual values ??associated with the explanatory variables to create a prediction. The dynamic forecast uses the exact value of the lagged dependent condition forecast instead of the normal value of the lagged dependent variable.
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