PGMs prices have been resilient to the impacts of the coronavirus epidemic in China. The slowdown in auto sales due to disruption and shutdowns in China have not arrested palladium’s price rally, economists at ANZ Research apprise. Key quotes “China consumes nearly 25% (2,650koz) of total palladium demand, and 80% of this goes to the auto sector.” “The exposure of PGMs to the auto sector means prices should be vulnerable to auto production disruptions in China and globally. The COVID-19 epidemic and its consequent factory shutdowns have had an impact on the auto sector, globally. A manufacturing hub and major supplier of parts, disruptions in China affect the global supply chain.” “We don’t expect auto manufacturers’ demand for palladium to be dampened as they race to meet tighter emission regulations in Europe and China. This should ultimately see overall demand remain robust as non-Chinese factories boost output.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY bounces off lows post-German PMIs, lacks follow-through FX Street 2 years PGMs prices have been resilient to the impacts of the coronavirus epidemic in China. The slowdown in auto sales due to disruption and shutdowns in China have not arrested palladium’s price rally, economists at ANZ Research apprise. Key quotes “China consumes nearly 25% (2,650koz) of total palladium demand, and 80% of this goes to the auto sector.” “The exposure of PGMs to the auto sector means prices should be vulnerable to auto production disruptions in China and globally. The COVID-19 epidemic and its consequent factory shutdowns have had an impact on the auto sector, globally. A manufacturing hub and major… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
