{"id":64264,"date":"2025-05-21T02:00:08","date_gmt":"2025-05-21T07:00:08","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=64264"},"modified":"2025-05-20T16:19:17","modified_gmt":"2025-05-20T21:19:17","slug":"platinum-rally-china-demand","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/05\/21\/platinum-rally-china-demand\/","title":{"rendered":"Platinum Makes a Big Move On Chinese Demand"},"content":{"rendered":"

Precious metals like gold have been rallying, and yesterday buyers turned to platinum.<\/p>\n

Futures on the precious metal (@PL) rallied 5.4 percent on Tuesday after Bloomberg News<\/em> said that Chinese imports hit their highest level in a year. It was their biggest one-day gain since July 2020. The report added that retail buyers in the Asian country have targeted platinum over the last month as an alternate to gold. Long-term supply and demand dynamics also suggest a deficit in coming years, according to Bloomberg estimates.<\/p>\n

Platinum is similar to silver, with industrial applications and some use in jewelry. It has a much smaller market for investment purposes compared with gold and silver. It’s lagged gold for years, which may prompt some investors to view it as a value opportunity compared with the yellow metal. For example, one ounce of platinum cost about twice as much as gold between 2002 and 2006. It’s now about one-third the value of gold, according to TradeStation Data.<\/p>\n

\"\"

Platinum futures (@PL), daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n

Some chart watchers may also see potentially bullish patterns in CME’s futures tracking the metal. @PL hit a five-year low in April as trade wars triggered a wave of volatility. It then stabilized and broke a falling trendline yesterday. Prices are near peaks from July, October and January but have mostly drifted lower since 2021. Could further upside trigger interest for trend followers — especially with gold established at new highs above $3,000?<\/p>\n

CME’s platinum futures track 50 troy ounces of the metal.\u00a0 They expire monthly and are settled physically. More information is available on TradeStation’s futures margin page<\/a> and on CME’s website. July is the expiry date of the current contract (PLN25).<\/p>\n

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement visit\u00a0www.TradeStation.com\/DisclosureFutures<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Precious metals like gold have been rallying, and yesterday buyers turned to platinum.<\/p>\n","protected":false},"author":39,"featured_media":64265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[16,31],"tags":[],"class_list":["post-64264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-futures","category-materials","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nPlatinum Makes a Big Move On Chinese Demand<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/21\/platinum-rally-china-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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