Page 2 - MEX Express - Vol 14

www.mexnepal.com FACTS AND FIGURES Volume: 5 • Issue: 2 • Year: 2013 A.D

Most Popular Blog Know Your Commodities

Cardamom prospects for the Platinum
commodity exchange!
Platinum (Pt) is one of the scantest pure • As a precious metal, the price movement TOP TEN PLATINUM
Nepali land is inhabited by numerous types of flora and fauna though being metals on earth with an average abundance of gold also affects the platinum prices as it PRODUCERS-2011 (in Kgs)
a small landlocked country. But it does not make any sense if we keep on of approximately 5μg/kg. It is usually found will determine the market psychology for the
claiming that we are naturally rich unless and until we actually utilize it and in limited quantity in some nickel and copper product. South Africa 145000
economically productive output can be generated out of it. There are many ores. On earth, 80% of the platinum is found Russia 25000
such agricultural commodities which are highly produced in the country but in South Africa, 11% in Russia and 6% Factors affecting pricesof Platinum Zimbabwe 10600
due to un-commercialized trade and hooliganism in business, and lack of in North America. It is 30 times rarer than Canada
proper subsidies many farmers are getting demotivated from the agricultural the yellow precious metal i.e. gold and is a The major factors affecting the prices of United States of America 7000
production. least reactive metal. It is one of the members platinum are: Japan 3700
For the full version of the blog, please follow the link: of a group of six chemical elements that Columbia 1765
http://www.mexnepal.com/blog/Cardamom-prospects-for-the- are referred to Platinum Group Elements, Supply and Demand Botswana 1231
commodity-exchange/ commonly called as Platinum Group Metals. The supply and demand of platinum are Finland
Posted on: 9th April 2013 Other members of the group are: Palladium, the major factors affecting the prices. The Australia 600
Total Views: 4 Iridium, Osmium, Rhodium and Ruthenium. factors driving the supply and demand side 400
Start Blogging-Say it loud It is silvery-white, lustrous, malleable and are price, income, input costs, socio-political 130
MEX encourages its valued members to come up with blogs and ductile. Its ductility is more than gold, silver disruptions, availability of substitutes
articles related to futures market which would be posted in our website, and copper, thus making itself the most and complimentary substitutes, consumer South Africa Japan
accompanied with the member’s advertisements as well. ductile pure metal whereas the malleability preference, technological changes and Russia Columbia
Mail your contents to media@mexnepal.com of gold is higher than that of platinum. It is governmental activities. Zimbabwe Botswana
So start blogging and learn to market your company also one of the densest metals known as it is Canada Finland
significantly denser than gold. Because it is Ratio between US Dollar and South United States of America Australia
Market Capitalization highly heat-resistant and corrosion-resistant,
it is preferred as a tradable metal commodity. African Rand (ZAR) Rates CONTRACT
From April 2013 - June 2013 (in %) The trends up to now show that generally the The prices for platinum are highly sensitive SPECIFICATION
price of platinum rises during the times of to the ratio between USD and ZAR. The main
Market Capitalization of all the commodities listed in the MEX terminal. political or economic instability of the major reason for the weakening of the greenback has Name Platinum
Gold had the maximum market capitalization followed by Small Gold economies in the world. been the widening current account deficit. The Symbol PLT
and Mini Gold. fact that most of the South African platinum Contract Size 1000
Some Facts about Platinum miners cost are mainly in ZAR while their Unit Gms
revenues are wholly in USD makes this ratio Price Quoted NPR/10 Gms
• Because it is one of the rarest metals on extremely important to the platinum mining Trading Hours 03:45 – 02:45
Earth, there are evidences of wild fluctuations industry. Another implication of the strong Quality 99.95% pure
in demand and supply of the commodity thus ZAR is its impact on the supply of platinum to Contract Months Jan (F), Apr (J), Jul (N)
increasing its price volatility and risks for the the market. The strengthening ZAR will see & Oct (V)
investors. a continued supply shortfall in the market. In
short-the platinum is heading through a new
• Platinum prices show high correlation era where the ZAR will set the prices.
with the international prices, especially the
global currency dollar, so the strengthening Market Cyclicality
or weakening of the dollar highly affects the The market research have proven that most
price of the platinum. precious metal commodities can be described
as having some degree of cyclicality-there is a
• As the major uses of the platinum are duration dependence on the length of phases.
in the automobile industries and jewelry These phases or cycles are contradictions or
making, the economic situation of USA, expansions in market prices and are clearly
Europe, Japan, China, India, etc. affect the seen in platinum prices over a period of time.
prices of platinum as the demand will be The term phases are defined as the period of
differently placed. prices occurring between a price peak and
price trough. There is increasing likelihood
that a drop in the price of a commodity as
a phase of relatively high prices for that
commodity persists.

Major Market Movers for Soybean and Wheat

PLATINUM CRUDE OIL

45000 8000
40000 7800
35000 7600
30000 7400
25000 7200
20000 7000
15000 6800
10000 6600
5000 6400

0

1/4/2013
3/4/2013
15/4/2013
29/4/2013
3/5/2013
20/5/2013
7/6/2013
27/6/2013
28/6/2013
1/4/2013
5/4/2013
17/4/2013
6/5/2013
15/5/2013
3/6/2013
19/6/2013
24/6/2013
28/6/2013

Note: News Note: News
Opening Price as of 1st April 2013 Opening Price as of 1st April 2013
Date Improvement in US Money Market Date Weaker job data in USA
1/4/2013 Optimistic employment conditions, improving consumer market 1/4/2013 Pessimism spread throughout the energy market
3/4/2013 Strong technical buying 5/4/2013 Strong demand of crude oil
15/4/2013 Fed increasing the Asset Purchasing Program 17/4/2013 Rise in the oil inventory
29/4/2013 Strengthening of US Dollar Index 6/5/2013 Decrease in the demand of the crude oil
3/5/2013 Stronger fundamental vibes in the market 15/5/2013 US Federal Reserve Policy Meeting
20/5/2013 Reduced demand due to the increased import duties 3/6/2013 Stock reached 30-year high
7/6/2013 Closing Price as of June 28 2013 19/6/2013 Closing Price as of 28th June 2013
27/6/2013 24/6/2013
28/6/2013 28/6/2013

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