Platinum prices rally on strong demand and South African Covid -19 vaccine concerns
鉑金價格因強勁需求和南非Covid -19疫苗擔憂而上漲 Neils Christensen
Thursday February 18, 2021 13:07
The gold market continues to struggle to find new bullish momentum, but investors are finding value in other precious metals as platinum prices continue their upward trend. 黃金市場繼續努力尋找新的看漲勢頭,但隨著鉑金價格繼續上漲,投資者正在尋找其他貴金屬的價值。
Analysts note that platinum is benefiting from shifting supply and demand dynamics as concerns grew that South Africa, the top producer of the precious metal, could see more supply disruptions as the nation continues to deal with vaccine issues against the COVID-19 pandemic. 分析師指出,鉑金正受益於供求關係的變化,因為人們越來越擔心鉑金的最大生產國南非,因為該國繼續處理針對COVID-19大流行的疫苗問題,因此供應可能會受到更多干擾。
Kitco News reported last week that the South African government said it would not administer the Oxford-AstraZeneca vaccine after a small clinical trial suggested that it isn't effective in preventing mild to moderate illness from the variant dominant in the country. Kitco News上週報導說,南非政府表示將不進行牛津-阿斯利康疫苗的接種,此前一項小型臨床試驗表明,這種疫苗無法有效預防該國流行的輕至中度疾病。
In further vaccine news, a laboratory study published Wednesday in the New England Journal of Medicine warned that the Pfizer-BionTech vaccine is less effective against the virus's South African strain. 在進一步的疫苗新聞中,週三在《新英格蘭醫學雜誌》上發表的實驗室研究警告說,輝瑞-BionTech疫苗對這種南非病毒株的效果較差。
According to an analyst at Societe Generale, a supply-crunch threat is creating strong bullish sentiment in the marketplace not see in years, with speculative long positioning reaching multi-year highs. 法國興業銀行(Societe Generale)的一位分析師認為,供應緊張的威脅正在市場上形成多年未見的強烈看漲情緒,投機性多頭頭寸達到多年高點。
April platinum futures last traded at $1,272 an ounce, up more than 1% on the day. 4月鉑金期貨最新報每盎司1,272美元,當日上漲超過1%。
In a report Thursday, analysts at ABN AMRO said they are increasing their forecast for the precious metal as they see platinum outperforming other assets. They said they are bullish on platinum as they see demand rising in the marketplace. 荷蘭銀行(ABN AMRO)分析師在周四的報告中表示,由於鉑金表現優於其他資產,因此他們提高了對貴金屬的預測。他們說他們看好鉑金,因為他們看到市場需求增加。
Strong jewelry demand out of China, renewed industrial demand, and an improving automotive sector are all factors that will continue to support platinum prices through 2021, said Georgette Boele, senior precious metals strategist for the Dutch Bank. 荷蘭銀行高級貴金屬策略師喬治·博勒(Georgette Boele)表示,中國強勁的珠寶需求,更新的工業需求以及汽車行業的改善都是到2021年將繼續支撐鉑金價格的因素。
In her updated forecast, Boele sees platinum prices pushing above $1,300 an ounce in the fourth quarter and averaging the year around $1,225 an ounce. 在她最新的預測中,Boele認為第四季度鉑金價格將突破每盎司1300美元,全年平均價約為每盎司1225美元。
"We continue to expect strong industrial demand and demand for platinum for car converters. Moreover, platinum prices may not be as low as they were, but they are still relatively cheap compared to other precious metals," she said in the report. 她在報告中說:“我們繼續預計強勁的工業需求和對汽車轉換器用鉑的需求。此外,鉑的價格可能不會像以前那樣低,但與其他貴金屬相比,它們仍相對便宜。”
Looking at platinum's technical picture, Karen Jones, market analyst at Commerzbank, said that while the precious metal is in an uptrend, it could see some consolidation in the near-term. 觀察鉑金的技術面,德國商業銀行(Mercerzbank)市場分析師卡倫·瓊斯(Karen Jones)表示,儘管貴金屬處於上升趨勢,但短期內可能會出現盤整。
"While prices are above the 55-day moving average, we will assume an upside bias to re-try the topside," she said. 她說:“雖然價格高於55天移動平均線,但我們將假設上行趨勢會試圖上漲。”
She noted that the platinum's massive spike to $1,348 at the start of the week appears to be an "exhausted blowoff." 她指出,鉑金在本周初大幅飆升至1,348美元似乎是“疲軟的反擊”(註: 意旨是最後的進取舉動,表明最後一批必須進入交易。這是此舉的最後一次疲憊,並且通常會出現重大回調。)