| The palladium market is poised to deliver a record deficit this year and the market is likely to remain in deficit next to the magnitude of 811koz, according to a Barclays report. The prices are likely to average $850/oz in the final quarter of this year and $890/oz next year, the report said.
The report says price correction is likely to be short-lived for palladium for three reasons. First, despite the largest daily ETP outflow, prices have remained resilient. Second, Russian shipments into Switzerland have eased again after the pickup earlier in the year. Third, underlying auto demand looks robust............................................Full Article: Source
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