NYSE:SWC - Post Discussion
Post by
pacer001 on Dec 19, 2012 9:33am
MORE GREAT news!
Wednesday December 19, 2012 9:09 AM
Societe Generale says it favors buying on price dips in palladium in the medium term. The bank says it anticipates a supply deficit in 2013 that amounts to approximately five weeks of global demand, although the market is carrying a heavy inventory as 2012 winds down. “The expected cessation of shipments from Russian government inventory will help to boost sentiment in the market,” says Robin Bhar, head of metals research. Trade data show shipments from the Russian government inventory have fallen this year, and Societe Generale expects these sales could come to a close next year. Strike action in South Africa cut output of platinum and palladium in 2012, and wage talks are due to start again in the New Year. Meanwhile, auto demand is picking up.
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