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Palladium prices may average $748/oz in 2013 & $795 2014: Barclays

Posted on 29 April 2013

Palladium prices may average $748/oz in 2013, and rise to an annual average of $795/oz in 2014, stated London based Barclays in its recent market analysis.
“We forecast the palladium market to remain in deficit for a second year, and we do not see this as a short term phenomena. We believe this will be the start of serial annual deficits for the market,” it added.From a deficit of over 1Moz in 2012, Barclays expects the palladium market to deliver a deficit of 700koz in 2013, followed by 639koz in 2014………………………………………..Full Article: Source


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