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Platinum market may witness deficit of 248koz in 2013: Barclays

Posted on 25 April 2013

Global platinum market may deliver a deficit of 248koz this year, compared to 461koz last year. The deficit is also expected to touch 317koz in 2014, stated London based Barclays in its recent market analysis.
“Despite the weak demand backdrop, we expect supply to under perform, keeping the market in deficit. We forecast overall supply to fall by 3% y/y from a weak base year and global demand to fall by 5.4% y/y,” the bank added………………………………………..Full Article: Source


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