All eyes on Shanghai Platinum Week as China advances new price discovery ecosystem
With the platinum price now over the $1 000/oz threshold, many are holding thumbs that price discovery will be further elevated by China as it proposes an inventive global platinum and palladium trading ecosystem that has far-reaching implications. Envisaged are platinum and palladium futures contracts that uplift the way these two metals are purchased and traded, amid price risk amelioration particularly for domestic market participants in China, but also internationally.
With the platinum price now over the $1 000/oz threshold, many are holding thumbs that price discovery will be further elevated by China as it proposes an inventive global platinum and palladium trading ecosystem that has far-reaching implications. Envisaged are platinum and palladium futures contracts that uplift the way these two metals are purchased and traded, amid price risk amelioration particularly for domestic market participants in China, but also internationally.
