China to Publish Data on Platinum Stockpile Amid Market Tightness
China plans to publish a report on palladium and platinum inventories once it rolls out its first derivatives market for these precious metals. Through the Guangzhou Futures Exchange, the East Asian country intends to release daily figures on warehouse stockpiles tied to the physical delivery of these contracts, providing an unusually clear view of domestic demand. Although the volume of metal traded on the exchange will represent only a fraction of China’s overall platinum and palladium activity, the reported inventories will offer a useful indicator of market dynamics in one of the most significant markets in the world. At present,…