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Platinum market to be in deficit as ETFs may witness 400koz inflows in 2013

Posted on 04 March 2013

Deutsche Bank expects further inflows totalling 400koz this year into Platinum ETFs, which would be enough to tip the platinum market into deficit. At present around 1.5 million ounces are held across five platinum ETFs globally representing around 21% of Deutsche Bank’s total projected demand for 2013 of 7.2moz.
“Clearly any boost in demand for platinum from newly established funds in South Africa would also support out forecast for a sustained deficit in the market over the medium term.” the Bank said………………………………………..Full Article: Source


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